Caixin
Jan 22, 2019 08:16 PM
OPINION

P.H. Yu: America Must Face Reality on China

As the world’s two largest economies, the U.S. and China have a special responsibility to manage a peaceful transition to a new multipolar international order. Photo: VCG
As the world’s two largest economies, the U.S. and China have a special responsibility to manage a peaceful transition to a new multipolar international order. Photo: VCG

The agreement in Buenos Aires in December between U.S. President Donald Trump and his Chinese counterpart, Xi Jinping, led many to assume that the two countries’ trade war would soon be over. Although such optimism is misplaced, so are fears of a global economic meltdown caused by a rupture in U.S.-China relations.

Frequent bilateral skirmishes will no doubt continue, as we saw with the arrest of Huawei Chief Financial Officer Meng Wanzhou in early December. But for all the economic rivalry and political disagreement between the United States and China, a catastrophic outcome is unlikely, so long as the U.S. faces reality in three ways.

You've accessed an article available only to subscribers
VIEW OPTIONS
Share this article
Open WeChat and scan the QR code
GALLERY
Copyright © 2017 Caixin Global Limited. All Rights Reserved.