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Abstract The Biden Administration has adjusted its strategy and tactics for international development assistance, significantly increasing its competition with China in offering supports to developing countries. In the field of cooperation, the U.S. focuses on soft and hard infrastructure, seeing soft infrastructure as the point of growth of international development cooperation. In terms of investment and financing, the U.S. has adopted a government-guided and market-led approach to leverage private capital through development assistance funds to seize overseas markets. In the field of soft power, the U.S. has integrated the American concept and shaped the global rules, consolidating the U.S. dominance of the rules, hegemony of discourse, and value appeal in the developing countries. In the international arena, the U.S. has drawn in allies to create multilateral synergy, while at the same time asking developing countries to choose sides between China and the United States. It is necessary to pay great attention to the possible impact on China of the U.S. game of increasing international development assistance, and to comprehensively assess the future direction of the U.S. competition for international development assistance with China. China’s international development cooperation should be promptly adjusted and optimized as to strategic planning and financing models.
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