This is not just about economics. It is China's counter-encirclement of U.S.
"This is not just about economics. It is China's counter-encirclement of U.S."
Counter-encirclement? That's rich.
As for the article, China is not leading global growth (unless you use a narrow definition and look at annual GDP growth, but the article seems to imply - or ambiguously suggest - that China is the locomotive of growth), and the U.S. has been "competing" with Europe just fine on its own. It seeks an Americas-wide trade bloc to extend its economic dominance, not simply to "compete" with the EU. (Not to mention it also already out-competes the EU with its existing trade bloc, NAFTA.)