
Hudson Institute Events Podcast
How the US Should Respond to China’s Challenge to US Geoeconomic Leadership
Nov 28, 2023
Thomas J. Duesterberg, a Hudson Senior Fellow, discusses how China's economic weakness presents an opportunity for the US to push back on Xi Jinping's aggressive program. The podcast covers topics such as China's economic challenges, US-China relations, China's challenge to the international system, Europe's approach to China, and the need for restructuring approaches to address China's challenges.
01:07:47
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Quick takeaways
- The US can leverage China's economic weaknesses to push for changes in its mercantilist policies and challenge to the Western-led world order through aggressive trade measures, investment controls, export controls, financial sanctions, and strengthening regional trade agreements.
- The US has an opportunity to enhance trade and investment ties with Southeast Asian nations, as they recognize their over-reliance on China for trade and seek to reduce vulnerabilities.
Deep dives
China's economic weaknesses and challenges to the Bretton Woods system
China is facing economic challenges including an over-leveraged real estate market, high youth unemployment, and financial stress. These vulnerabilities present an opportunity for the US and its allies to leverage economic measures to push for changes in China's mercantilist policies and its efforts to challenge the Western-led world order. Steps that can be taken include aggressive trade measures, investment controls, export controls, financial sanctions, and strengthening regional trade agreements. By addressing China's economic weaknesses, the US aims to counter China's aggressive challenge to the existing global economic order.
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