US-China Rivalry May Shape 2023 for the World
Travelers at a train station in Beijing on Dec. 21. How well China manages its reopening after the sudden elimination of restrictions, and the massive wave of infections that has resulted, will be a key economic theme of 2023.
Photograph: Bloomberg
The great competition between the US and China—which only intensified in 2022—will likely be the most important theme of the coming decades, longtime global economy watcher Stephen Jen has rightly said.
With that in mind, we look-ahead to 2023 by focusing on three important dynamics underlying the rivalry. Two relate to where the rest of the world positions itself on the field, and the third analyzes where China itself is heading after a year of weak economic growth.