US must come up with proper China policy to protect global economy

Aggression is no substitute for thoughtful, mutually beneficial stance

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Banning U.S. companies from selling semiconductors to Chinese tech businesses only accelerates Beijing's efforts to build a self-reliant tech value chain. © Imaginechina/AP

One of the few things in Washington on which there is bipartisan consensus is China. Unfortunately, given the consensus' vindictive edge, that is the bad news.

The realization that core assumptions -- that China's reforms and global integration would lead to an open economy and political reform -- which have been guiding U.S.-China policy since Deng Xiaoping's reforms were launched in 1978 have been proved wrong has generated an angry backlash, with Congressmen competing to see who can be tougher on China. But this is an attitude, a kneejerk hostility, not a complete policy.

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