Economics of the 2016-2017 Debate Topic: U.S. Relations with China, Mixing Cooperation with Competition
Americans should not fear the future: The United States is likely to remain wealthier and more technologically advanced than China for many years, if not decades to come. The PRC’s passage to national greatness could be rough, given its extensive economic and political problems. Said one Chinese businessman who has been investing in U.S. real estate: “The price of property in Beijing is very high, the stock market is crashing, and the real economy is not stable.” Washington must exercise skill and nuance to work through current controversies. American officials must move beyond the sort of soundbites which characterize most presidential campaigns. Washington would do well to improve its own economic and budget policies while polishing its diplomatic skills.