Joe Biden’s China strategy is not working
Supply chains are becoming more tangled and opaque
On August 9th President Joe Biden unveiled his latest weapon in America’s economic war with China. New rules will police investments made abroad by the private sector, and those into the most sensitive technologies in China will be banned. The use of such curbs by the world’s strongest champion of capitalism is the latest sign of the profound shift in America’s economic policy as it contends with the rise of an increasingly assertive and threatening rival.
This article appeared in the Leaders section of the print edition under the headline “Costly and dangerous ”
From the August 12th 2023 edition
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