Concerned about China’s increasing global influence, the Biden administration has proposed investing in “new ways to out-compete China” and strengthening alliances in the Indo-Pacific region.
On March 9, President Joe Biden unveiled his third budget proposal, vowing to boost spending, raise taxes, and reduce the federal deficit. As part of his budget blueprint, Biden outlined his strategy for dealing with global challenges, including those posed by China.
“China is the United States’ only competitor with both the intent to reshape the international order and, increasingly, the economic, diplomatic, military, and technological power to do it,” according to a fact sheet released by the White House….}