#China #USA #TradeWar #Protectionism: "The Chinese economy’s affliction with economic long COVID presents an opportunity for U.S. policymakers to change strategy. Instead of trying to contain China’s growth at great cost to their own economy, American leaders can let Xi do their work for them and position their country as a better alternative—and as a welcoming destination for Chinese economic assets of all kinds. Even knowledgeable officials tend to overlook how well this strategy served the United States in facing down systemic rivals in the twentieth century. It is often forgotten that it was far from evident during the Great Depression that the U.S. economy could outperform fascist regimes in Europe, and similar uncertainty about relative growth performance recurred throughout much of the Cold War. Despite that uncertainty, the United States emerged victorious in part because it maintained an open door for people and capital, siphoning off talent and investment and, ultimately, turning autocratic regimes’ own economic controls against them. As the CCP struggles with its self-afflicted economic long COVID, that strategy is worth reviving today."

https://www.foreignaffairs.com/china/end-china-economic-miracle-beijing-washington