Wrong timing for Biden to further squeeze China's economy

Instability would rebound on U.S. to its detriment

William Pesek

August 17, 2023 05:00 JST

U.S. President Joe Biden in Wisconsin on Aug. 12: His order restricting U.S. investment in China's tech industry adds to the forces already throwing Asia's biggest economy off balance. © Reuters

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

With his new ban on American investment in key Chinese technology sectors, U.S. President Joe Biden has confirmed Beijing's view that he is not done ratcheting up efforts to block China's economic rise.