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International relations

Trump keeps making China great again

While Xi cements power, US president fumbles economic policy moves

| China
Giving China a helping hand? U.S. President Donald Trump in Beijing in November   © Reuters

It is hard to recognize the turning points of economic history. Developments can come very gradually. But the stark contrast between events in Beijing and Washington last week may hold a special place for posterity.

President Xi Jinping spent the week rolling out sweeping plans to raise China's diplomatic and bureaucratic game, part of multi-decade journey to great power status. He honed policies on overseas programs, central bank authority, environmental protection, infrastructure, monopolistic commercial behavior, agriculture and efforts to buttress China's global economic power. Xi's performance left little doubt Beijing is getting ready to reshape the global order.

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