Reinventing the Sino-American Relationship
Many fear that China and US are in the grip of major structural changes that will lead to direct competition between the two countries – a competition that only one side can win. That fear is understandable, but the premise is mistaken: both sides can and should gain from forging a new relationship that reflects evolving structural realities.
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MILAN – China and the United States are in the grip of major structural changes that both dread will end the Halcyon era when China produced low-cost goods and the US bought them. In particular, many fear that if these changes lead to direct competition between the two countries, only one side can win.