U.S. Sees China as Only Other Nation Capable of Reshaping Global Order

(Bloomberg) — The Biden administration labeled China as the nation’s top competitor, while Russia remains a danger to be constrained in a new defense strategy that also calls inflation a threat to global security.

Jake Sullivan, U.S. President Joe Biden’s national security adviser, said Wednesday that the U.S. is in “the early years of a decisive decade” in which “the terms of our competition with the People’s Republic of China will be set.”