The U.S. and China disagree about most things these days. But both have a strong interest in cooperating where they can and avoiding open conflict. Despite fierce economic and trade disputes, there remains a deep interdependence between the Chinese and American economies and societies. China is still the U.S.’s largest supplier of merchandise imports and the third-largest market for U.S. merchandise exports.
And despite increasing restrictions applied by the U.S. government, the U.S. remains a very important destination for China’s outbound investment, which helps Chinese companies to acquire technology, knowhow and brands, and penetrate U.S. markets.
The ascension of President Xi Jinping to China’s leadership in 2012/13 marked a much more aggressive Chinese foreign policy, which became evident in an array of initiatives and actions: Its occupation and militarization of the South China Sea. Its harassment of Japan’s administration of the Senkaku/Diaoyu islands. Its increasing pressure applied toward Taiwan, and Beijing’s impatience for Taiwan’s unification with the People’s Republic. Its violation of the “One country, two systems” principle for Hong Kong’s governance. Its state-sponsored cyber intrusions. Its massive investments in military hardware, like its recently tested nuclear-capable hypersonic missile.
Read more at:
Where Is the US-China Relationship Heading in 2022? – BRINK – Conversations and Insights on Global Business
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