Once US President-elect Joe Biden’s administration has made the relatively easy decisions to rejoin the Paris climate agreement and remain in the World Health Organization (WTO). But in its attempt to reboot the WTO, the US will confront three key foreign-policy issues. In order of importance, they are China, China, and China.

Biden’s dilemma is that China has become too deviant to cooperate with fully, too big to contain or ignore, and too connected to decouple from. So, what principles should govern America’s economic engagement with it?

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