The two leaders, who both face domestic economic challenges, are shifting some of the focus of their Great Power competition to a race whose country’s growth is stronger.
Over the past month, President Biden has twice said publicly that the US economy could grow faster this year than China for the first time since 1976. The White House said the statements, which were based on independent estimates, have struck a nerve in Beijing. For policy advisers and Chinese economists who consult with the government.