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Biden is the rival China's Xi has been fearing all along

US gets ready to compete again by rebuilding economic muscle

| China
Joe Biden holds a semiconductor chip during his remarks before signing an executive order on the economy on Feb. 24: Biden, wisely, seeks to put the U.S. back in the tech race.   © Getty Images

William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."

As Xi Jinping works up China's newest five-year plan to dominate the global economy, he finds himself missing Donald Trump desperately.

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