The U.S. and many of its allies rely heavily on the Chinese economy. Decoupling is not realistic and would only lead to long-term economic decline. On its current path — which is nothing if not clumsy — the Biden administration is only hurting the American people.

Industrial and supply chains have become the main theater of competition between China and the United States. America’s technology war will be deliberate, intense and long-term. For this reason, China must be strategically prepared for a protracted fight.

It is crucial to prepare for all-out China-U.S. competition. The country that can best demonstrate wisdom, willpower and courage will have the advantage over time, and new cooperation models may alter the trajectory of history.

Western advocates of a renewed standoff between great powers are blinded by their biases, as China’s rise goes beyond Western experience. At a time of deep economic interdependence and with weapons unimaginable in the past, who can guarantee that a confrontation would not escalate out of control?

America’s efforts to reduce reliance on Chinese supply chains may limit China’s economic options in the short term. But this is not sustainable. In the long term, the rise of the Chinese economy cannot be stopped.

It is the mission of the think tank to stay on high alert against potential risks and explore possible solutions to challenges. The international system is currently undergoing the most dramatic changes since the end of the Cold War. The peaceful and open international environment, which has been taken for granted over the last four decades, is now overshadowed by formidable challenges. In this context, it is the think tank’s responsibility to explore and identify external security risks that might pose threats to China in the months and years ahead.

At the North American Leaders’ Summit in Mexico City in early January, the unmistakable undercurrent was U.S. competition with China. Clearly, China should increase its political support for Latin American countries in their efforts to gain equal footing with the United States.

Philippine President Ferdinand Marcos Jr.’s visit to Beijing may help set the tone for cordial bilateral ties with China, but could also stir wariness on the part of the country’s longstanding treaty ally, the United States. The Philippines must carefully navigate its position to avoid being seen as favoring either side.

Stephen Roach has long been one of Wall Street’s most influential economists. His work has appeared in academic journals, books, congressional testimony a

The United States lacks the strength and influence to simultaneously contain both China and Russia. As with the Iraq and Afghanistan wars, its policies will place it in strategic overdraft and lead to more strategic errors.