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The Chinese Have Very Little Leverage Over the US: China Expert

- August 28, 2023
The Chinese Have Very Little Leverage Over the US: China Expert
In today's globalized world, international relations and geopolitics play a pivotal role in shaping the course of nations. Among the many bilateral relationships, the dynamic between the United States and China has emerged as one of the most critical and closely watched. Often, questions arise about China's leverage over the United States, especially in economic and political realms.

At its core, the China-US relationship is a multifaceted entity shaped by their roles as economic giants and global political players. While China’s vast economy and status as the largest creditor to the US might suggest substantial leverage, Dr. Wang argues otherwise.

Economic interdependence serves as a powerful counterpoint to notions of Chinese leverage. Both nations rely on each other extensively for trade and investment. The US provides a crucial market for Chinese goods, and China holds a substantial amount of US debt. Any severe disruption by one party could have dire consequences for the other, creating a mutual restraint mechanism.

The United States, with the US dollar as the world’s primary reserve currency, plays a central role in the global economic system. This position grants the US considerable influence in international financial matters. Any significant action by China that destabilizes the US economy would reverberate globally, including affecting China’s own economic interests.

The United States has historically been a leading advocate for democracy, human rights, and the rule of law on the world stage. This soft power translates into significant influence in international relations, an area where China still struggles to compete. Despite its initiatives like the Belt and Road, China’s ability to shape global norms and values remains limited compared to the US.

The US boasts a robust network of global allies and partners, bolstering its geopolitical position. While China is actively cultivating relationships, it does not possess the same depth of political alliances as the US. These alliances bolster the US’s diplomatic influence on the world stage.

The US continues to lead in technological innovation, particularly in fields like artificial intelligence and biotechnology. Although China has made substantial progress, it still depends on American technology in several critical areas. This technological reliance diminishes China’s capacity to exert leverage over the US without jeopardizing its own technological development.