Intentar ORO - Gratis

America's Emulation Of Chinese Policy Can Reset Mutual Relations

Mint Mumbai

|

February 20, 2024

Cooperation may be easier if both countries realize their policies are neither too different nor necessarily harmful to each other

- DANI RODRI

 America's Emulation Of Chinese Policy Can Reset Mutual Relations

It is common to think of US-China tensions as the inevitable result of stark differences between the two countries. The US has a fully capitalist market economy, whereas the Chinese government keeps a strong hand on the economic tiller. For all its faults, the US is a democracy, whereas China is a single-party regime that brooks no political challenge. Though the US remains the world's most powerful country, China's growing economic and geopolitical might threatens American hegemony. But while all this is true, many US-China conflicts stem from their increasing commonalities. America's relative decline has made it feel more insecure, prompting economic and national-security policies that are reminiscent of China's own decades-long strategy of prioritizing national economic strength and renewal over the requirements of an open, 'liberal' global economy. Paradoxically, as the US emulates strategies that served China quite well, the strains in the bilateral relationship multiply.

Even though China turned towards markets after 1978 and liberalized its economy, the Communist Party of China's policies reflected more than just a pursuit of economic growth. They were part of a national project of rejuvenation designed to re-establish China as a major power. Consequently, China played the globalization game by its own rules, sheltering and promoting its own industries while leveraging external markets. The state was never too shy to step in and subsidize what it saw as strategic industries (either from a commercial or national-security standpoint).

MÁS HISTORIAS DE Mint Mumbai

Mint Mumbai

In a sea of tech talent, companies can’t find the workers they want

There has rarely, if ever, been so much tech talent available in the job market. Yet many tech companies say good help is hard to find.

time to read

4 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Hexaware sued for $500 million in US over patent breach

American IT services firm Natsoft Corp. has sued Hexaware Technologies Ltd for breach of contract and patent infringement, seeking $500 million in damages from the latter, in one of the biggest patent cases against an Indian IT firm.

time to read

3 mins

October 03, 2025

Mint Mumbai

GST boom ahead?

India's latest goods and services tax (GST) revenue figures paint an optimistic picture.

time to read

1 min

October 03, 2025

Mint Mumbai

H-1B clampdown may extend to US college faculty

Rising anti-immigration sentiment in the US is no longer confined to moves to limit foreign technology workers from entering the country.

time to read

2 mins

October 03, 2025

Mint Mumbai

FPIs pull record ₹2 tn on valuations, weak rupee

Heavy outflows could cap market gains; Nifty returns just 0.3% in dollar terms

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Instant grocery delivery is going luxe to stand out

Blinkit joins the race as it expands to ozone-washed fruits and artisanal breads to cheese

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Next-gen reforms to tackle land, women's participation

The initiatives seek to tackle some of the intractable challenges in India's development story

time to read

2 mins

October 03, 2025

Mint Mumbai

Why India's best students face a tough job market

Students entering this year's placement season are stepping into a rough job market.

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

Govt scans e-commerce cos’ COD charges, refund delays

The government will examine if cash-on-delivery charges imposed by online retailers are aimed at nudging consumers to pay upfront, and why refunds are delayed or blocked if prepaid orders are cancelled, said two people aware of the matter.

time to read

2 mins

October 03, 2025

Mint Mumbai

Mint Mumbai

WHY INDIA IS SEEKING A NEW SUNRISE IN JAPAN

India missed out on Japanese investment in its initial post-reform years. That could change now

time to read

7 mins

October 03, 2025

Translate

Share

-
+

Change font size