U.S.-China Competition Zeroes In on Growth

Two leaders who each face home financial challenges are shifting a number of the focus of their Great Power competitors to a race over whose nation’s progress is stronger.

Over the previous month, President Biden twice publicly said that the U.S. economic system may develop quicker this yr than China’s for the primary time since 1976. The statements, which the White House mentioned have been based mostly on unbiased projections, have struck a nerve in Beijing, based on coverage advisers and Chinese economists who seek the advice of with the federal government.