Commentary: US always needed a foil. It just happens to be China

The Chinese government’s clampdown on Alibaba last year, and on the ride-hailing company Didi last month, has generated fevered speculation about the future of that country’s tech industry.

Some view the recent Chinese regulatory interventions as part of a justifiable trend paralleling US authorities’ own intensifying scrutiny of Big Tech.

Others see it as ดาวน์โหลดslotxo for control of data that might otherwise be exploited by Western countries. And still others, more plausibly, see it as a shot across the bow to remind big Chinese companies that the Communist Party of China is still in charge.

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But, most consequentially, the Chinese government’s actions are part of a broader effort to decouple China from the United States – a development that could have grave global implications.

Despite steady deterioration in Sino-American economic and strategic relations, few thought the rivalry would turn into a Cold War-style geopolitical confrontation.

For a time, the US was overly dependent on China, and the two economies were too closely intertwined. Now, we may be heading toward a fundamentally different equilibrium.