Editorial: A Shared Understanding of ‘Competition’ and ‘Cooperation’ Will Better Serve China-U.S. Relations

U.S. Treasury Secretary Janet Yellen arrived in China last week for a four-day tour during which she met with Premier Li Qiang. Following Secretary of State Antony Blinken, she was the latest high-ranking Biden administration official to visit China in recent weeks. There are expectations that the U.S. and China will seize the opportunity presented by the recent high-level meeting to take a more pragmatic view of their competitive yet collaborative relationship. It is crucial for the two countries to clearly mark the boundaries of where both competition and collaboration begin and end, to prevent further “decoupling” and “supply chain disruptions.” The ultimate aim should be to arrest the deterioration of Sino-U.S. relations.