The drumbeat of decoupling between the US and China rose to a crescendo last week as President Joe Biden issued an executive order telling the Committee on Foreign Investment in the US to boost scrutiny of cross-border deals in sensitive areas such as artificial intelligence, quantum computing and biotechnology.
The order didn’t specifically mention China but was clearly part of a growing effort by the White House to separate its supply chains and financial markets from Chinese influence.
Whether or not you agree with the move, or decoupling in general, it’s high time America had a much more complete strategy for how to deal with the reality. US-China tensions have risen to worrisome levels, particularly around the issue of Taiwan.
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