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The consequences of the presidency of Donald Trump will be debated for decades to come—but for the Chinese leadership, its meaning is already clear. China’s rulers believe that the past four years have shown that the United States is rapidly declining and that this deterioration has caused Washington to frantically try to suppress China’s rise. Trump’s trade war, technology bans, and determination to blame China for his own mishandling of the COVID-19 pandemic have all confirmed the perception of Chinese policy elites that the United States is bent on keeping their country down.

To be sure,

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