Bidenomics and the Strategic Framework of China-US Economic Competition
Bidenomics has gradually taken shape and now has a relatively complete theoretical foundation and actions.Its influence is not limited to the US,but also shapes the international economic order and will reshape the economic competition between China and the US.Its goals are accelerating economic recovery and winning economic competition.Its core idea can be summarized into three aspects:it stimulates investment by industrial policies;uses industrial diplomacy to win over allies and partners;and reconstructs the international order by remodeling international institutions.National strength is the foundation for the US to manipulate its allies and partners,these countries are the support for its international institutions,and the institutional system is the tool for establishing world order.These three aspects indicate that China and the US will compete more fiercely in the terms of economic strength,charm and potential.