More importantly, the recent rounds of high-level consultations between China and the U.S. have been carried out in an orderly manner under the direction of the heads of state of the two countries.
Indeed, China-U.S. relations have global implications, and this round of China-US trade talks completed last Friday, like any previous rounds, became the center of attention from the media and observers. What progress has been made is what the media want to find out.
Looking ahead, China and US trade relations, whatever the twists and turns, will ultimately return to the track of win-win cooperation and stable growth, benefiting the two nations and contributing to the world’s economic growth as well.
As the China-US trade war continues to escalate, anxiety among the US business class will rise. Fearing that their interests in China will be seriously damaged, this class will not hesitate to exert pressure on the Trump administration through various channels.
The highlight will be the summit between Chinese President Xi Jinping and U.S. President Donald Trump, representing the world’s two largest economies.
Although some White House officials are playing down the likelihood of the meeting producing a positive outcome, Trump appears to have toned down his intransigence and cracked the door open to a possible deal.
Beijing’s momentous effort over the last month has seen Washington’s position significantly shift, resulting in Trump and his team returning to the negotiating table.
Trump’s steps to quit multilateral international obligations, and initiate a trade war against several countries made it clear that to him, the Republican Party was doomed to lose control of the House.
The United States insisted on the pre-emptive clause during the negotiations with Canada after raising concerns that Prime Minister Justin Trudeau was exploring the possibility of a free trade deal with China.
Rather than seeking a chance to pursue common ground and solve differences, Pence’s speech read like a checklist of how best to antagonise, irritate and provoke Beijing.
So how did some U.S. exhibitors view the expo?
China-US relations are not in a new cold war but in a situation of intertwined competition in which their interests are tangled. This cold wrestle is aimed at finding a new equilibrium of interest between China-US through each issue.