China’s Big Bet
The One Belt, One Road project will provide China with geopolitical benefits as well as costs. But whether it will be a global game changer remains to be seen, says Harvard University political scientist Joseph Nye.
A spate of new US tariffs on Chinese goods has raised the specter of full economic decoupling between the world’s two largest economies. For many observers, the measures are not only misguided, but also counter-productive, with the potential to undermine economic dynamism, hamper climate action, and trigger geopolitical conflict.