Outside the Box
The U.S. Treasury can and should prevent Chinese-linked firms from accessing U.S. tech subsidies
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It made big news recently — China’s global trade surplus broke the trillion-dollar mark in 2025. Beijing happily bragged about this record of $1.2 trillion in annual trade profit. But a closer look at the data reveals something disturbing within the Chinese economy.
Rather than increase its domestic consumption, Beijing is doubling down on its export overproduction. That’s helping China run even more trade surpluses. But it also means Beijing must recycle its profits abroad — including through stealth investments in the U.S. economy.
