The China strategy of President Joe Biden rests on two pillars. One is to rally America's traditional allies and forge a broad alliance to counter China's growing power and aggressiveness.

The other is to build up strength at home by addressing inequality, inadequate social protection, systemic racism and chronic underinvestment in education, infrastructure and scientific research.

Biden should expect China to counter this strategy with its own initiatives, such as trying to leverage the dependence of American allies on the Chinese market to frustrate his efforts. But ultimately, the success of Biden's China strategy actually depends a lot more on the cooperation and support of the Republican Party than on U.S. allies.