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According to Lawrence J. Lau, a major cause of the deterioration is the growing battle between China and the United States for global economic and technological dominance. More generally, he argues, "It is also a reflection of the rise of populism, isolationism, nationalism and protectionism almost everywhere in the world, including in the US."
An economic conflict between China and the United States has been ongoing since January 2018, when U.S. president Donald Trump began setting tariffs and other trade barriers on China with the goal of forcing it to make changes to what the U.S. says are longstanding unfair trade practices and intellectual property theft. [1]
And a burgeoning trilateral alliance between the United States, Japan, and South Korea is in part an economic bulwark against China’s heft in Asia. The trajectory of China’s economy is more ...
China ranks as the world's second-largest economy behind the U.S. ... State pension divestment policies are “part of a broader march toward more confrontation between China and the United States ...
China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how ...
Historically, the United States was consistently year after year the world's largest economy since the early twentieth century. However, the report from 2014 showed that for the very first time China overtook the United States as the largest economy in the world taking into account purchasing power parity (PPP). Indeed, the margin of power ...
The U.S.–China Strategic and Economic Dialogue (S&ED) (simplified Chinese: 中美战略与经济对话; traditional Chinese: 中美戰略與經濟對話; pinyin: Zhōng Měi zhànlüè yǔ jīngjì duìhuà) was a high-level dialogue for the United States and China to discuss a wide range of regional and global strategic and economic issues between both countries.
The U.S. no longer boasts the world's largest economy. China, the world's most populous country, has overtaken America to claim the title of world's number one economic powerhouse, according to ...