How the U.S. can counter China’s economic coercion
At present, Chinese coercion is met largely with a playbook of defensive measures. The Chinese are able to choose the time and location of their action, and the recipient country busies itself scrambling to contain the fallout. China therefore has the initiative, while the targeted country — often in conjunction with the U.S. — mostly tries to mitigate the impact. As a result, it’s tempting to assume that China holds more cards than it actually does. And it’s equally easy for the U.S. to forget the extent of its own leverage over China in the exact same manner.