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America’s anti-China fervour is partly an overcorrection for its previous complacency about the economic, military and ideological threat the autocratic giant poses. The danger from China is real, and there are many areas where Mr Biden’s administration should stand up to its Communist rulers. But there is also a risk that America’s view of Chinese power slides into caricature, triggering confrontations and, at worst, an avoidable conflict. Even without war, that rush would incur huge economic costs, split America from its allies and undermine the values that make it strong. Instead, America needs a sober assessment not just of China’s strengths, but also of its weaknesses.
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