According to Michael Mazza, America's great-power rivalry with China demands a clear understanding of what US security goals are and how China threatens those interests. In a new report, Mazza outlines the principles and several policies he says will be necessary to meet the challenge of competition with China.
On May 17, Paul Kupiec appeared before the Senate Banking Committee's Economics Subcommittee to share lessons for banking regulation from the failure of Silicon Valley Bank (SVB). Kupiec offered his perspective on the causes behind SVB's failure and what reforms might prevent a repeat. Also on Capitol Hill this week, Derek Scissors testified to the House Foreign Affairs Committee's Indo-Pacific Subcommittee on how America can lead a united response to China's economic aggression. "The first step in crafting a global response . . . remains untaken: the US stops helping the PRC improve as a predator," argued Scissors. "American money and technology headed to China must be curbed, or fighting Chinese predation is just fighting ourselves." Western businesses seeking to "friendshore," or relocate their manufacturing and supply chains out of China to less geopolitically risky countries, may face many challenges in doing so. Recognizing China's desirability for businesses, Elisabeth Braw proposes ways for both companies and friendly countries to make friendshoring more viable. Benedic N. Ippolito, Loren Adler, and Matthew Fiedler assess health care proposals recently considered by the House Energy and Commerce Committee. The coauthors find much to commend in many of the proposals, especially those promoting site-neutral payments and greater transparency, but they also see much room for improvement. |