Opinion | With Biden, China gets four years to remake itself as a likeable, trusted power. It must seize the moment
- China means to become moderately prosperous by 2035, despite a more hostile external environment. But to achieve its goal, it would do well to address the world’s misgivings by working with the incoming Biden administration
There is widespread dissatisfaction among the advanced economies with China’s handling of the coronavirus pandemic, although they also see China as a top, if not the top, economic power.
Worse, Chinese hi-tech companies are increasingly eating the lunch of their American counterparts. And China’s triumphant “wolf warrior” rhetoric is just more salt in the wound of an America in apparent decline.
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While China is not everyone’s cup of tea, the fact remains that by 2018, 128 out of 190 countries in the world traded more with China than the US. So, even if many have a desire for some resistance to China’s growing global clout, few would want to have to take sides openly.