In its pursuit of unipolar primacy, the Biden administration is risking the economic stability of China, the West, emerging Asia and the futures of the Global South, including the Philippines.
BEFORE the global pandemic, the International Monetary Fund (IMF) reported China had replaced the United States as the engine of the global economy. In parallel, Reuters market analyst Jack Kemp warned that since early 2018, "the United States has pursued a deliberate policy of attempting to hurt China's economy in response to concerns about the shifting balance of economic power and unfair trade practices."
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