Carnegie Endowment for International Peace
That is why in China's case, depreciating the renminbi will not boost growth. It will simply reduce further the household share of GDP which, in turn, will further reduce the already-low consumption share in favor of more savings.
No single bill or innovative policy will be enough to ensure the United States maintains its edge in technology. If China’s trajectory teaches American leaders anything, it is that stimulating technological innovation can be a messy, muddled, and often contradictory process.
But criticism comes in all shades and nuances. The case of China is unique. Its media supports Russia’s entire case for the "special military operation" and even relays Russian propaganda and fake news.
The Chinese had the problem of reconciling fundamentally irreconcilable interests: their desire for a partnership with Russia, their desire not to be collateral damage in the U.S. and European sanctions and these longstanding principles of sovereignty and territorial integrity
Algeria and Egypt pressed China’s telecom national champion Huawei for more value-added manufacturing and technology transfers. The company responded, but it ultimately improved its brand image without engaging in meaningful capacity building.
Washington also needs smarter tech policy that addresses platforms’ roles in polarization and inequality.
Giving up use of the U.S. dollar for global trade and reserve accumulation would be very difficult for U.S. adversaries and would require major economic adjustments, though it would be in the best long-term interests of the United States for the global use of the dollar to be more constrained.
The war in Ukraine is increasing Beijing’s concern about Washington’s intentions.
Beninese officials have shown how even small countries can use close coordination between ministries and other negotiating tactics to strike deals with Chinese counterparts that better protect their own interests.
Any improvement in the West’s relations with China might be facilitated initially by Europe. The US-China trade war obscured the fact that Europe’s economic links with China far exceed America’s. Germany, in particular, relies on China as a manufacturing base to export to other countries.