

Though the US Federal Reserve’s first interest-rate hike of 2023 is smaller than those that preceded it, policymakers have signaled that more increases are on the way, despite slowing price growth. But there is good reason to doubt the utility – and fear the consequences – of continued rate hikes, on both sides of the Atlantic.
发自剑桥—拜登总统任期内的其中一项决定性事务就是如何跟中国打交道。他继承的中美关系当前正处于50年来的最低点,虽然有些人将此归咎于其前任特朗普,但特朗普纵使难辞其咎,却只是在火上浇了点油而已,真正点燃并烧旺火焰的其实是中国领导人。
在过去十年里中国领导人放弃了邓小平“韬光养晦”的温和政策,同时在许多方面变得更为强硬;在南中国海建造人工岛礁并将其军事化,侵入日本和台湾附近水域,沿着两国喜马拉雅山脉边界对印度发动入侵,并对敢于批评它的澳大利亚进行经济胁迫。
在贸易方面,中国通过补贴国有企业、强迫外国企业将知识产权转让给国内合作方来扭曲竞争环境。而特朗普通过向盟友以及中国征收关税的应对方式尽管相当不得力,但他对华为等企业发布禁令的举措——这些公司建设5G网络的方案对美国构成了安全威胁——则得到了两党的大力支持。
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