Vince Dhimos answered a question at Quora.
How is China's strategy different from the US’?
Vince Dhimos Editor-in-Chief at New Silk Strategies (2016–present)
The US strategy is zero-sum while the Chinese strategy is win-win.
Even without real world results, it is easy to see that zero-sum is bull. The theory is that if the US can harm another country’s economy, the US then automatically becomes stronger and richer. If this were true, then the Fed would not have been reduced to printing unbacked currency starting after the Great Recession in 2008–9 and it would not be measuring its economy in terms of stock market prices, which reflect a dangerous bubble. Clearly, the misfits who run the US have no idea what they are doing and that is why they keep blaming China for their own failures.
The Chinese win-win makes sense not only in theory but also in the real world and is the reason by China has had 6–7% GDP growth for decades.
Just to give you an example, win-win would mean that if China helps lift an African country out of poverty, that country gets richer and can buy more Chinese goods and services and will become a loyal trading partner. No hokus-pokus here at all. A 7 year old could understand it.
Last year, despite the trade war China had 6.1% GDP growth, vs 2.3% for the US.
This year, China was the only economy to show positive growth, while the US virtually crashed.
Zero-sum is clearly for losers.
The amazing thing is that the US, instead of emulating China’s winning strategy, keeps repeating its old failed strategy. And the really bad news is that neither party has shown any common sense in economics.
Biden has promised to get even “tougher” on China. He is Trump on steroids.