The Communist Party of China has laid plans for a century of unlimited Chinese power and, with it, the end of the American era. However, as ITIF President Rob Atkinson and Jonathan Ward, founder of Atlas Organization, write in an op-ed for Fox Business, we still can — and must — bet big on the future of American economic power. The best antidote to China’s ambitions is to ensure America’s continued economic and technological preeminence.
As the business community looks toward a “partial trade deal” to unwind tariffs and reduce trade hostility between the world’s two largest economies, we must understand that nonnegotiable problems in U.S.-China relations will accelerate if China closes the gap with the United States in terms of economic and technological power. With the right strategic mindset and a focus on domestic productivity, America can not only win the economic and technological contest but also turn the tide in the U.S.-China competition for global power.