Word: tradings
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...rumbling unhappiness over China's mercantilism - can be passed over as normal strains. But no serious student of history would believe this. As China grows, as it scrapes against international norms and habits of a different era, the sparks won't stop coming from Beijing. Chinese cyberattacks, trade games, asymmetric-war experiments - all these are part of our future. They won't stop just because the Chinese are being friendlier this week. Nor will the fact that our actions, even ones intended to reassure China, will often unnerve it. We have to accept that tension with China is unavoidable...
...strategic culture that, overlaid with the neuralgia of Marxism, shapes its thinking. Calls for China to be a responsible stakeholder have failed not least because China is ambivalent about the international system as it's currently construed. Even if we could solve the laundry list of perplexities we confront - trade, currency, Tibet, Taiwan - the main problem would linger. So only a solution that functions at the strategic level offers any hope of a durable arrangement. (See five things the U.S. can learn from China...
...world develops but demands in exchange an absolute commitment to curtail activities that make it more dangerous. It's a case of saying to China, You're a partner in managing the global economy, but you can't then manipulate your currency to gain unfair trade advantages. Or: We'll respect your interests as we work together to reduce global tensions, but you've got to be with us when we try to confront those who foster instability...
...groups that evolve and move at adjustable paces. Keeping this organized will demand a single figure in Washington who can handle every element of the discourse, and Obama should be considering this too. He needs someone who can play chess like the Chinese. (See "Why the China-U.S. Trade Dispute Is Heating...
...After weeks of intemperate rhetoric on both sides of the Pacific - on issues ranging from trade to the Dalai Lama to Taiwan - cooler heads in both Beijing and Washington now seem to be back in control. Barack Obama and Hu Jintao had an hour-long phone conversation last week, after which the Chinese President agreed to attend a nuclear summit in Washington. And on the volatile issue of trade, a grand bargain of sorts now appears to be taking shape: In return for delaying a decision on whether to list China as a "currency manipulator" - long a dream of protectionists...