News Snapshot:
For a generation, American expectations and policy responses to China have been based on the implicit assumption of perpetually strong Chinese economic growth. Fear of China’s ascension has led to unprecedented public antipathy toward China. Both the Trump and Biden administrations have imposed tough trade measures and export controls on China. The House of Representatives has created a select committee on China as a means of pressuring the White House to be even tougher. But expectations of the inevitability of China’s growing power need to be tempered by underlying economic and demographic trends. China’s prospects are constrained by its debt...
