The US Should Back off and let China succumb its own failures

Source: Responsible Statecraft
by Doug Bandow

“China has gone from tough economic competitor power to feared superpower in the public mind. Near-panic has seized Washington. Last month an unusual bipartisan Senate super-majority approved legislation intended to match the Chinese Communist Party’s supposedly superior economic management. Policymakers should calm down. The CCP is marking its 100th anniversary, but in fact has little to celebrate. It took power only through the blunders of others. It grossly mismanaged China’s economy and society. Its supposedly far-sighted leaders today are imposing stultifying authoritarian controls that limit China’s future success. The U.S. should not be afraid.” (07/06/21)