Graduation Year


Date of Submission


Document Type

Campus Only Senior Thesis

Degree Name

Bachelor of Arts



Reader 1

Minxin Pei

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The Chinese-U.S. economic relationship has become increasingly interdependent over the past 40 years, but recent U.S.-China actions have shown signs of decoupling. This paper overviews Chinese-U.S. economic ties, audit as a national security issue, and the Holding Foreign Companies Accountable Act (HFCAA) as a response to Chinese auditing failure. Through the lens of interdependence and simple game theory, this paper argues that the HFCAA is not a weaponization of interdependence, but is instead a game of chicken with decoupling as a potential payoff. Depending on China’s actions in the future, the HFCAA may be another indication that the lens of complex interdependence is not fit to describe the new China-U.S. relationship.

This thesis is restricted to the Claremont Colleges current faculty, students, and staff.