How Bidenomics Reshaping China-U.S. Relations
DOI:
https://doi.org/10.62051/ijsspa.v2n1.12Keywords:
Bidenomics, China-U.S. Relations, Decoupling, De-risking, Containment, Trade War, World OrderAbstract
The relationship between the U.S. and China has changed rapidly over the past decade. After Joe Biden tool office in 2021, U.S. economic strategy towards Beijing began with investment at home and rebuilding alliances abroad. In 2023, Biden created such terms as “Bidenomics”. Under this policy, the U.S. has assembled an increasingly imposing body of exclusionary policies aimed at cutting Chinese businesses out of the most strategically important sectors and markets. Moreover, Washington and its partners have been undermining China’s development by pursuing all-around containment and suppression of China. Bidenomics already posed a real threat to economies in both countries and had negative global repercussions. In the long run, the only key to progress in bilateral relations is win-win cooperation. Therefore, Washington needs to reorient its approach to Beijing.
Downloads
References
The White House. (2020). President Trump on China: Putting America First,
Congressional Research Service. (2019). U.S.-China Trade and Economic Relations: Overview,
https://crsreports.congress.gov/product/pdf/IF/IF11284/7.
The White House. (2023). FACT SHEET: The Biden Economic Plan Is Working,
The White House. (2023). Bidenomics Is Working: The President’s Plan Grows the Economy from the Middle Out and Bottom Up—Not the Top Down,
The White House. (2021). Remarks by President Biden At Signing of An Executive Order Promoting Competition in the American Economy, https://www.whitehouse.gov/briefing-room/speeches-remarks/2021/07/09/remarks-by-president-biden-at-signing-of-an-executive-order-promoting-competition-in-the-american-economy/.
The Wall Street Journal. (2023). Bidenomics: Chinese Capitalism With American Characteristics,
The Wall Street Journal. (2023). Don’t Blame Liberalism for Illiberal Progressives,
Politico. (2023). Lawmakers shift gears on TikTok ban, https://www.politico.com/news/2023/10/09/what-happened-to-the-tiktok-ban-00120434.
United States Department of Commerce. (2023).
https://docs.house.gov/meetings/FA/FA00/20230228/115362/HHRG-118-FA00-Wstate-EstevezA-20230228.pdf.
The White House. (2023). Executive Order on Addressing United States Investments in Certain National Security Technologies and Products in Countries of Concern, https://www.whitehouse.gov/briefing-room/presidential-actions/2023/08/09/executive-order-on-addressing-united-states-investments-in-certain-national-security-technologies-and-products-in-countries-of-concern/.
Reuters. (2022). G7 aims to raise $600 billion to counter China’s Belt and Road, https://www.reuters.com/world/refile-us-aims-raise-200-bln-part-g7-rival-chinas-belt-road-2022-06-26/.
The White House. (2023). Remarks by President Biden Before the 78th Session of the United Nations General Assembly, https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/09/19/remarks-by-president-biden-before-the-78th-session-of-the-united-nations-general-assembly-new-york-ny/.
Foreign Policy. (2023). What Does “De-Risking” Actually Mean? https://foreignpolicy.com/2023/08/23/derisking-us-china-biden-decoupling-technology-supply-chains-semiconductors-chips-ira-trade/.
Xinhua. (2023). Xinhua Headlines: So-called “de-risking” just another term for "decoupling" used by Washington, allies to contain China, https://english.news.cn/20230527/aa62e479292646fc9f95916d2dbc3958/c.html.
Foreign Affairs. (1947). The Sources of Soviet Conduct, https://www.foreignaffairs.com/russian-federation/george-kennan-sources-soviet-conduct.
The States Council of the People’s Republic of China. (2015). “Made in China 2025” plan issued, https://english.www.gov.cn/policies/latest_releases/2015/05/19/content_281475110703534.htm.
Politico. (2023). “Bidenomics” is going global. The world is skeptical,
https://www.politico.com/news/2023/09/08/bidenomics-g-20-world-00114625.
Belt and Road Portal. Building the "Belt and Road" for Shared Development and Prosperity,
https://www.yidaiyilu.gov.cn/p/06896M3A.html.
The White House. (2023). Memorandum of Understanding on the Principles of an India – Middle East–Europe Economic Corridor, https://www.whitehouse.gov/briefing-room/statements-releases/2023/09/09/memorandum-of-understanding-on-the-principles-of-an-india-middle-east-europe-economic-corridor/.
The White House. (2022). Remarks by President Biden on the United Efforts of the Free World to Support the People of Ukraine, https://www.whitehouse.gov/briefing-room/speeches-remarks/2022/03/26/remarks-by-president-biden-on-the-united-efforts-of-the-free-world-to-support-the-people-of-ukraine/.
The White House. (2023). Remarks by President Biden on Actions to Address the Climate Crisis, https://www.whitehouse.gov/briefing-room/speeches-remarks/2023/11/14/remarks-by-president-biden-on-actions-to-address-the-climate-crisis/.
Downloads
Published
Issue
Section
License

This work is licensed under a Creative Commons Attribution-NonCommercial 4.0 International License.