Progress Under Pressure
Chapter 8: Balancing act: economic security and Sino-American relations
The common ground of economic security that has provided the foundation for Sino-American industrial ties is eroding. Growing concern over national economic security encourages state intervention in industrial processes in the interest of national economic security. This trend complicates the pursuit of comprehensive economic security in both the United States in China, though the continuing importance of comprehensive economic security tempers the application of policy measures, particularly in the United States. Policy developments and trends in both states suggest that the common ground will erode further. Under the presidency of Donald Trump, the American policy position on China has hardened, while Chinese policy under President Xi Jinping is increasingly assertive. American and Chinese authorities will find it increasingly difficult to balance the requirements of national and comprehensive economic security as they seek to manage their industrial relationship.
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