US President Joe Biden has introduced a number of federal government economic strategies to contain China since taking office. Photo: AP
US President Joe Biden has introduced a number of federal government economic strategies to contain China since taking office. Photo: AP

US-China relations: Joe Biden’s embrace of post-pandemic ‘industrial polices’ shows ‘bust of Washington Consensus’

  • Biden administration’s willingness to harness power of federal government to compete with China is a tick for Beijing’s economic governance, new report says
  • China should remain on alert for spillovers of US stimulus policies and particularly its China containment strategy, which is a key pillar of ‘Biden Economics’