“Biden’s Economic Diplomacy Push with China Puts US at High Risk with Low Reward: NY Times”

In an article for The New York Times, Josh Rogin suggests that President Joe Biden’s push for economic diplomacy with China is putting the already struggling financial recovery of the US at high risk, with little reward. The current situation is exacerbated by other factors such as the Ukraine war and inflation, which are like salt on open wounds. Despite this, Biden continues to engage with Beijing economically, though some observers note that his strategy is risky. The U.S. administration is not prepared to concede to Beijing’s demands, which hinders progress. Furthermore, there are disagreements between Biden’s desire to maintain a tough stance on China and his interest in slowing the decline of the relationship. China is attempting to isolate Washington by courting European allies, leaving the US at a disadvantage. It is reported that Biden wishes to follow up with Chinese President Xi Jinping, but the relationship has been frozen since a planned meeting had to be cancelled due to a spy balloon incident. While China wants to resume economic discussions, until the US addresses China’s economic aggression, neither fair competition nor security can be expected. The situation is precarious and demands a strategic approach. Reported by ANI, this story is auto-generated from a syndicated feed and has not been edited by Devdiscourse staff.