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In an acrimonious and divided Congress, the emerging bipartisan consensus on China has been a heartening development. Americans increasingly see Beijing’s soaring ascent as a threat to our security and way of life. Congress has responded with an avalanche of cross-party legislation, with Republicans and Democrats alike introducing new tough-on-China laws. But in keeping with President Ronald Reagan’s old line that “the nine most terrifying words in the English language are ‘I’m from the government, and I’m here to help,'” lawmakers are too often getting it wrong. Some experts paint the threat from Beijing as an equivalent of the Soviet…
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