In an attempt to lay out the Biden administration’s approach to charting the course of the U.S.-China economic relationship, U.S. Trade Representative Katherine Tai underscored that the bilateral relationship is “complex and competitive.”

More importantly, Tai noted, “In recent years, Beijing has doubled down on its state-centered economic system. It is increasingly clear that China’s plans do not include meaningful reforms to address the concerns that have been shared by the United States and many other countries.”