William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."
Biden's targeted policies are holding back China's economic rebound

Chinese President Xi Jinping meets Donald Trump in 2019: Trump's administration sought to make life difficult for Beijing but rarely caused real economic pain. © Reuters
William Pesek is an award-winning Tokyo-based journalist and author of "Japanization: What the World Can Learn from Japan's Lost Decades."