One is the resolution of let’s call it the internal dialectic within the Chinese Communist Party, which is how much do I flap this wing, the ideological wing, and how much do I flap this wing, the pragmatic one, the basic economic policy wing. [...] There will be obviously some continued growth delivered by exports depending on the state of the global economy and the outcome of current directions in global monetary policy and the health of the global economy this year. [...] This new language has not been used by the Chinese side before, and this parallel language, if you like, from the American side is the need to manage the strategic competition between China and the United States and to construct what the Americans describe and what many have been describing for some time as “strategic guardrails” for the relationship. [...] But, leaving the balloon to one side, it is interesting to see the reports in the last 24 hours indicating that it’s probable that Blinken and Wang Yi will meet at the margins of the UN security conference this weekend in Munich. [...] So, what do I deduce from that and what do analysts deduce from that? That notwithstanding the dynamics of the balloon and whether or not this meeting in Munich proceeds or not and what its outcome might be, the bottom line is that there are predispositions still in Beijing and Washington to take the temperature down.
Authors
- Pages
- 8
- Published in
- Australia
