China US

President Biden has been accused of being in bed with China based on reports that his son Hunter received money from Chinese firms but the facts do not bear that out. First off, Biden kept the import taxes that Trump imposed on China. Next he signed the Chips Act to provide high tech innovation for the chips of the future. China manufactures low tech chips and they need high tech chips for innovation. Innovation is particularly important to a country like China where they have a fast disappearing work force because of demographics and therefor need innovation to increase productivity. The four leading countries producing high tech chips are Taiwan, South Korea, Japan and the United States. These countries are all aligned with the west and viewed as competitors to China. As the west continues the policy of decoupling from China, care should be taken that China is not forced into a military solution as a solution to their economic problems.