Reject repurposing the bank as a tool against China
What the document says“any attempts to reorient the agency and make it a weapon with which to fight against China are going to fail. Economic fights and national security fights are not won with subsidies.”
This answers, in advance, the argument the chapter's second essay goes on to make. The first author holds that the case for the bank as a counter to Chinese export credit will not work on its own terms.
What the document actually says“any attempts to reorient the agency and make it a weapon with which to fight against China are going to fail. Economic fights and national security fights are not won with subsidies.”
Some want to use this bank against China. The first essay says that will not work.
China lends heavily to other countries. Some say America should do the same. This essay says subsidies do not win that fight.
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