How China Lost America
Nov. 1, 2022
“When future historians look back on 2022, they will have a lot to choose from when they ask the question: What was the most important thing that happened that year? Was it Brexit, Chexit, Ruxit or Trumpit?
Was it the meltdown of the world’s sixth-largest economy, Britain, fueled in part by its reckless 2020 exit from the European Union? Was it the demented attempt by Vladimir Putin to wipe Ukraine off the map, which has decoupled Russia from the West — what I call Ruxit — creating havoc with worldwide energy and food markets? Was it the near-total infection of the G.O.P. with Donald Trump’s Big Lie that the 2020 election was stolen — Trumpit — which is eroding our democracy’s most cherished asset: our ability to peacefully and legitimately transfer power?
Or was it China’s drive under President Xi Jinping for Chexit — an end to four decades of steady integration of China’s economy with the West, an end symbolized by the abbreviation popularized by my colleague in Beijing Keith Bradsher to describe where Western multinationals today think about putting their next factory: “A.B.C. — Anywhere But China.”
It’s a tough call. And just listing them all together only tells you what a hinge of history 2022 has become. But my vote goes to Chexit.”