Professor Wang Huiyao is founder and president of the Center for China & Globalization and dean of the Institute of Development Studies at Southwestern University of Finance and Economics in China.
On May 23, President Joe Biden unveiled his Indo-Pacific Economic Framework, a long-sought plan to boost U.S. economic engagement in the region. While details are yet to be fleshed out, the plan will be a tough sell, as reflected by reports that it was watered down at the last minute to attract more countries.
