Three standing ovations from American CEOs. A four-hour discussion with President Biden. Promises of cooperation on policy issues and enticements to foreign companies and investment. Chinese President Xi Jinping’s visit to America was certainly eventful.
But what did it really accomplish? Direct communication between the two world leaders is a positive, but nothing on the economic front got resolved. The fact is that the economic war between these two superpowers has only intensified in the past 12 months—and the stakes are only rising.
