The major geopolitical theme of the next decade will be the US-China competition. Donald Trump was able to build a campaign around China because of Beijing’s rise and China's changing view of the US, which shifted from a “model” position to a “declining” role. Indeed, Xi Jinping promoted China’s full modernization by 2049, betting on technological and economic leadership. The competition is built around an economic and strategic pillar strengthened during the pandemic by the idea that economic interdependence might be weaponized.
