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Whether they regard it as competitive, cooperative, or confrontational, virtually all observers agree that the U.S.-China relationship is consequential. From cyber norms and AI to military tensions in the Taiwan Strait and the global struggle to turn the tide on climate change, how Washington and Beijing manage their shared future will shape the globe for decades to come. Through research and relationship-building, the Center is dedicated to helping the U.S. and China collaborate and compete without conflict.

From trade disputes to digital governance to multilateral institutions in need of reform, the incoming Biden Administration faces a full international economics policy agenda. Rising U.S.-China tensions will exacerbate these policy challenges as the world’s two largest economies compete for economic power and global influence. This fall, the Belfer Center’s Economic Diplomacy Initiative, led by Aditi Kumar, Nicholas Burns, and Lawrence H. Summers, hosted a series of discussions examining the U.S.-China economic relationship.  

Digital currencies are on the rise. More than a decade after bitcoin made cryptocurrency mainstream, countries and central banks are evaluating whether to issue their own digital cash. The Belfer Center’s Economic Diplomacy Initiative (EDI) is exploring how policymakers should manage economic policy and the national security implications of this disruptive trend.

To illustrate the challenges posed by digital currency, EDI conducted a national security crisis simulation in Harvard Kennedy School’s JFK Jr. Forum. The simulation featured Harvard and MIT faculty and former government officials portraying National Security Council (NSC) members.

Since publishing his book, Destined for War: Can America and China Escape Thucydides’s Trap?, three years ago, Harvard Kennedy School Professor Graham Allison has been searching for ways to escape the dangerous dynamic that could lead Washington and Beijing to stumble into a catastrophic conflict neither side wants. Convinced that there is no monopoly of strategic wisdom on either side of the Pacific, Allison decided to take a classroom assignment on crafting a grand strategy to meet the China challenge and open it to the public as a case competition. His office received dozens of valuable submissions from across the world.

Aditi Kumar is Executive Director of the Belfer Center. Prior to joining the Center, she was a Principal at Oliver Wyman in the financial services and public policy practices, and earlier was a project manager at the World Economic Forum. A joint graduate of Harvard Kennedy School and Harvard Business School, she also worked previously in the International Affairs office of the U.S. Department of the Treasury.