Economics
The China-U.S. Power Struggle Is Just Beginning
- Xi’s ‘Chinese Dream’ envisions a nation less beholden to West
- China economic rivalry destined to strain relations with U.S.
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Chinese President Xi Jinping has an ambitious master plan for his country’s transformation into a wealthy, technology-driven global economic power. And U.S. companies need not apply.
That’s why the current trade rumble between the U.S. and China, in which the Trump administration is threatening to slap tariffs on $34 billion of Chinese imports and Beijing promises to respond in kind, is far more than just a spat over market restrictions, intellectual property rights and the epic U.S. deficit.