Chinas wirtschaftliche Staatskunst funktioniert: Warum Peking auch mit einer unvollständigen Strategie erfolgreich sein kann

[Excerpt from essay by Audrye Wong, Nonresident Senior Fellow at the American Enterprise Institute.]

Washington’s policies have, in fact, been a double boon for Beijing. Not only have China’s economic offerings become more attractive to partners looking for an alternative to working with the United States but U.S. pressure tactics have also made it more permissible for China to coerce others. Beijing’s increasing use of export controls and its flooding of foreign markets with cheap goods still generate unease in many of the countries with which it wants to do business. Yet its record of economic statecraft does not have to be perfect to succeed.