Even though President Trump tried to wage a “trade war” against Beijing and last year, the U.S. trade deficit really fell for the first time in six years, the overall results of the confrontation are still far from sufficient. Joe Biden, on the other hand, in a 60 Minutes interview called “the biggest threat to America right now” Putin’s Russia, which has a similar nominal GDP to South Korea (or Canada), and claimed that China is just “the biggest competitor.”
Deng Xiaoping’s motto: “Hide your strength and bide your time,” has proven to be indeed farsighted. If the public approach to communist China doesn’t change rapidly, we will witness a global shift in power that could alter the lives of people in the West as fundamentally as they haven’t been changed since 1945 and the end of World War II.
However, we don’t see today any emotional speeches to U.S. citizens about China’s economic dominance on television screens. It’s not the main political issue right now. Perhaps it should be while there is still time.