Balance-of-payments deficits, not the so-called China problem, are the macroeconomic source of America’s overall trade deficit.
National Security Advisor Jake Sullivan (right) and Secretary of State Antony J. Blinken (left) met with CCP representatives in mid-March. Credit: State Department/Ron Przysucha
It wasn’t just the weather that was cold when senior U.S. and Chinese officials convened recently in Anchorage, Alaska to try to reset their countries’ relations after four years of mounting tension. Sadly, the meeting was more reminiscent of the Cold War era than of a fresh start. That needs to change quickly — before it is too late.
Trapped in the politics of America’s bipartisan groundswell of anti-China sentiment, President Joe Biden’s team appears to be staying the course set b
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If Xi Jinping is becoming more preoccupied with internal politics, it could lead to a period of relative calm in China’s relations with the United States.
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