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16 June 2023

The Age of Slow Growth in China

Daniel H. Rosen

In December 2017, the United States updated its National Security Strategy, making two notable modifications: labeling China and several other illiberal countries as strategic competitors and recognizing economic competition as central to great-power rivalry. Since then, Washington has used economic tools with increasing boldness in its commercial and national security dealings with China—and even more forcefully in response to Russia’s war on Ukraine. This new willingness to contemplate decoupling from other major powers—a reversal in what had seemed an inexorable trend toward deeper connectedness—marked the end of permissive engagement with them as the default U.S. posture,

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