The Biden administration deserves credit for setting up AUKUS. Yet the deal still amounts to only half a China strategy
, which is as a step towards a new balance of power in the Pacific. In a region where alliances have sometimes seemed fragile, especially during the presidency of Donald Trump,marks a hardening of American attitudes. It is a decades-long commitment and a deep one: America and Britain are transferring some of their most sensitive technology. The three countries’ co-operation promises to embrace cyber capabilities, artificial intelligence, quantum computing and more besides.
For this the Biden administration deserves credit. And yet the deal still amounts to only half a strategy. America’s relations with China involve more than a military stand-off. In the search for coexistence, America also needs to combine collaboration over issues like climate change with rules-based economic competition. The missing parts involve all of South-East Asia, home to some of the countries most vulnerable to Chinese pressure. And here American policy is still struggling.’s merits.
Harder will be to strike the balance over commercial competition. Mr Biden’s economic policy towards China sets out to increase national security by creating jobs at home, with a Maginot line of industrial aims, regulation and government intervention. His Build Back Better World, a mechanism for financing development, is a pale imitation of China’s Belt and Road Initiative.
Meanwhile China, already the biggest trading partner of most countries in the region, is strengthening its ability to shape the world’s economic and commercial architecture. It is getting its people into important jobs in international institutions. It is exporting its domestic regulatory norms, as with, say, its claim to jurisdiction over international legal disputes.
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