We are pushing on all fronts, all at once. We need the private sector, including business, labor, and universities, to work with us to ensure America’s long-term prosperity and security. government policies are only part of the answer. trade and investment and the benefits that come with it, as well as working together with China to address transnational issues, such as climate change and global macroeconomic stability.īut U.S.
And fourth, we are advocating for U.S. Third, we are partnering with our allies in new ways to advance our shared values and shape the strategic environment in which China operates. Second, we are bolstering our domestic capabilities and creating new ones to prevent China from undermining our national security and democratic values. First, we are making transformational investments in American innovation. Our strategy to realize these priorities has four components. builds the talent, technologies, and manufacturing capabilities necessary to lead the global economy in the 21 st century-to be at the forefront of global innovation in an era of unprecedented technological change and competition to provide our workforce with the education and training necessary to compete for the jobs of the future to safeguard our national security and democratic values and grow in ways that reflect our values of sustainable and inclusive growth, as well as openness, transparency, and the rule of law. In the face of this dramatically transformed strategic environment, our economic priorities are clear: ensuring that the U.S. China’s reprioritization away from economic growth toward national security and its assertive military behavior means that we have to rethink how we protect our national security interests while also promoting our interests in trade and investment. And they are accelerating their efforts to fuse their economic and technology policies with their military ambitions.Īs China’s economy has grown in size and influence, so too has its commitment to using non-market trade and investment practices in ways that are forcing us to defend our businesses and workers – and those of our allies and partners. They have firewalled their data economy from the rest of the world. #Biggest export from us to china free
They are committed to increasing the role of the state in society and the economy, constraining the free flow of capital and information, and decoupling economically in a number of areas, including many technology sectors of the future. Over the past decade, China’s leaders have made clear that they do not plan to pursue political and economic reform and are instead pursuing an alternative vision of their country’s future. and other advanced economies to become a pillar of the post-war liberal international order.īut now it is clear that China took a different path-and with that has come profound impacts on our bilateral relationship and on China’s behavior on the global stage.
And some even thought that over time China would take its place alongside the U.S. companies with greater access to China’s market and helped open China’s economic system. For most of this period, the United States was committed to the idea that economic engagement with China would serve our mutual interests: first, as a counterweight to the Soviet Union, and later as a gateway to a deeper political and economic partnership. This year marks the 50 th anniversary of the opening of relations between China and the United States.
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