The Critical Role of Economic Statecraft in U.S.-China Great Power Competition

China is the worlds second largest economy and some expect China to surpass the United States economy in less than two decades. For the United States to compete against China effectively in the long term it needs to have an effective, multilateral economic statecraft component more so than a military one. This paper will provide background context on the use of economic statecraft with China, the United States, the various pros and cons of economic statecraft, and propose multilateral methods of using economic statecraft. These methods include the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) and the proposed Democratic 10 (D10) initiative. With China's economy increasing and their military's capability and power projection rapidly becoming on par with the United States, the United States needs to rethink how it manages strategic competition with China.