Beijing has been working relentlessly to build up its resilience. While the US talks itself out of Sputnik Moments, Beijing has dedicated immense resources to patching up its own deficiencies. It’s not a theoretical fear that Chinese companies might lose access to American technologies. So the state is pouring more money than ever before into... See more

Most U.S. companies weren’t allowed to do business in China unless they agreed to a joint venture with a Chinese firm; often the price of doing business meant handing over important intellectual property. China sold products like steel for prices that were below the cost of making the steel—“dumping” it’s called, a clear violation of WTO rules.

“The... See more