The Dangers of Decoupling China from the United States

For a time, the US was overly dependent on China, and the two economies were too closely intertwined. Now, we may be heading toward a fundamentally different equilibrium. Daron Acemoglu BOSTON - The Chinese government's crackdown on Alibaba last year, and on the ride-hailing company Didi this month, has generated fevered speculation about the future of that country's tech industry. Some view the recent Chinese regulatory interventions as part of a justifiable trend paralleling US authorities ' own intensifying scrutiny of Big Tech. Others see it as a play for control of data that might otherwise be exploited by Western…