America’s sanctions have brought huge losses to its own companies, and Huawei has made an advanced chip anyway, despite heavy suppression. It’s a technological miracle signaling that China may have achieved technological independence.

China’s economic performance has been inspiring considerable pessimism lately. In the second quarter of 2023, the Chinese economy grew by just 6.3% from a year earlier – a figure that is disappointing because of the low base in the second quarter of 2022, when pandemic restrictions were still suppressing economic activity. And in July, China’s consumer price index (CPI) entered negative territory for the first time since 2021, sparking fears of a deflationary spiral.

China pioneered the Belt and Road Initiative, but others have followed its lead. The BRI has been hailed as the largest international cooperation platform producing the most popular public benefits in the world today.

In 10th anniversary year of the Belt and Road Initiative proposed by President Xi Jinping, the international landscape is subject to changes like never before. China’s adaptations have proved successful and hold promise for future world peace.

The debate over the difference between tactics and strategy is as rich as it is enduring. In his seminal 1996 article in the Harvard Business Review, Harvard’s Michael Porter tackled this issue head on. While his focus was business, his arguments can be applied much more broadly – including to today’s Sino-American rivalry.

China's economic growth has slowed while American politicians continue to advocate for protectionism, which is concerning as history shows that free markets are key to prosperity. China's struggles underscore the need for more economic freedom, not less.

Tumultuous developments in Pakistan have created a less welcoming environment for foreign aid, as China’s generous investments into Pakistan seem to have come to a grinding halt.

Incentives from the government are positive effect. In the next stage, the import and export power of private enterprises will be unleashed. This, in turn, will stimulate private investment. All factors point to a full economic recovery.

The United States has seen consistent monthly growth throughout the year, but certain risk factors are accumulating. The future trajectory of the U.S. economy will depend on the relative development of economic growth drivers and the potential risks. China must respond thoughtfully.

Judging from a lengthy slate of indicators, discounting China’s position in the world economy over a momentary economic slowdown would be a mistake. Failing to understand China’s recent progress and future ambitions could lead the United States to squander its own long-term advantages.