Large economies, like China, were allowed to benefit from globalization as long
as their massive growth served the interests of the global economy, namely the
West. Things began changing, however, when China’s political and geopolitical
outreach started to match its economic influence. Former US Republican
President Donald Trump dedicated much rhetoric and eventually declared
economic war on the so-called ‘China threat’. The current Democratic
administration of Joe Biden is hardly different. Though busy countering
Russia’s military operations in Ukraine, Washington remains dedicated to its
anti-Chinese rhetoric.
