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Give up on “winning” against China By Christopher Beam In April, when Washington and Beijing were exchanging tit-for-tat blows in the trade war, US Treasury Secretary Scott Bessent projected con- fidence. China had a “losing hand,” he told CNBC. “They’re playing with a pair of twos.” During Trump’s first term and under the Biden administration, China hawks spread the idea that the US had to beat China before China could beat the US. This camp breathed a sigh of relief when China’s economy began showing signs of malaise in 2023: a slow-motion property crisis, a stock market selloff, legions of unemployed college graduates. …
摘自《彭博商业周刊》(Bloomberg Businessweek)2026年1月刊,Christopher Beam。仅引用开头一小段供了解文章,版权归原刊所有,全文请阅读原刊。