China's President is poised for an unprecedented third term. 'Never before in human history has the global economy—and the livelihoods of so many billions—been so at the whim of one man,' writes CharlieCamp6ell
—up from 40% when Xi took power in 2012. Chinese graduate students and visiting scholars in robotics, aviation, and advanced manufacturing are limited to one-year U.S. visas. The Commerce Department has also restricted Chinese students from working on certain emerging technologies. Before, whenever U.S. security agencies sought to limit technology transfer to China, business groups pushed back. Now, weary of regulatory shakedowns, they no longer support engagement.
House Speaker Nancy Pelosi’s visit to Taiwan in early August was met with unprecedented military drills, the severing of commercial ties, and an ongoing suspension of communication with Washington. “Around us, a storm is gathering,” Singapore Prime Minister Lee Hsien Loong said in a speech in August. “U.S.-China relations are worsening, with intractable issues, deep suspicions, and limited engagement.” In September, the Senate Foreign Relations Committee approved $4.
Before Xi rose to power, the common perception was that he was a bland apparatchik with no distinct power base. Meanwhile, his warmth toward the U.S.— he visited Iowa again in 2012 and organized a reunion in Beijing—suggested rosy times for bilateral relations.
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