Passages #29

The bottom line is that the U.S. has to see its economy the way China envisions its own. China is unlike any other country participating in the U.S.-led global economy: It intends to benefit from the openness and security offered by that system without being obligated to abide by its norms. Developing certain industries is perceived as core to China’s national security, not something to be left to the whims of shareholders and stock markets. If the U.S. is to win this new economic war, its leaders have to start thinking more about what is and what isn’t good for long-term national interests in dealing with China. Trump may have realized the need for this shift in the relationship. But he’s fighting the war with the wrong strategies.

Source