Two leaders who both face domestic economic challenges are shifting some of the focus of their Great Power competition to a race over whose country’s growth is stronger.
Over the past month, President Biden twice publicly stated that the U.S. economy might grow faster this year than China’s for the first time since 1976. The statements, which the White House said were based on independent projections, have struck a nerve in Beijing, according to policy advisers and Chinese economists who consult with the government.