Desmond Lachman | AEIdeas
Stephen Roach, Project Syndicate
(The National Interest) America is underreacting to the challenges posed by Beijing.
By Joseph S. Nye, The Strategist (ASPI): "Chinese President Xi Jinping seems to be on a roll. He has sent a rocket to the dark side of the moon, built artificial islands on contested reefs in the South China Sea and enticed Italy to break ranks with its European partners and sign on to China’s Belt and Road Initiative."
For decades, Italy felt the brunt of the Chinese economic juggernaut that the United States argues poses a threat to the financial and political future of the West. China’s government-backed manufacturers, operating on a much larger scale with much cheaper costs, devoured small Italian companies producing machinery, textiles and pharmaceuticals. Chinese knockoffs infuriated its high-fashion brands. – New York Times