How China enables American domination

FT's opinion piece contends that China's economic integration and policies have, perhaps inadvertently, reinforced American corporate and technological dominance — a dynamic that underpins S&P 500 strength. The analysis suggests this relationship supports US equity market leadership while embedding geopolitical and policy risks that could prompt investor reassessments around China exposure, supply chains and sector positioning. The article is behind the FT paywall, limiting access to full arguments and data.