The U.S. has grown increasingly hostile to China’s rise. But we can’t afford to decouple from this engine of global growth.
Illustration by Robert Neubecker
With the Biden administration now under way, getting America’s China policy right is important for building back this nation’s economy. China drives global economic growth, so a sound bilateral relationship is important to American consumers and workers, as well as to families who are counting on stock market returns to pay for their retirement.
In the 10 years through 2019, China, on average, accounted for about one third of global economic growth, larger than the combined shar
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