Convince world about China’s peaceful rise
engagement to containment. The trade sanctions and de facto technological embargo are attempts to slow Chinese economic growth.
It is still not certain whether US attempts to contain China will work. When one looks at the trajectory of China’s economic and
Both countries’ trajectories were based more on a domestic build-up in human and physical capital, with their vast local markets providing the natural shield from the vagaries of international trade. Great Britain failed to contain the US at that time. It’s doubtful whether Washington can succeed now with Beijing given that China’s international influence is now so pervasive. A good indicator is that China now supplies the most significant number of soldiers to the UN Peacekeeping Force among all permanent UN Security Council members.
News that Chinese Vice-Premier Liu He and US Treasury Secretary Steven Mnuchin are engaged in talks to resolve their differences has somehow calmed the market. It is believed that the current US policies reflect more the gut reactions of Trump and not a national consensus. The mid-term US election in November will likely force a decision on what direction Washington will take vis-à-vis its trade policy.
In the current febrile American political atmosphere, China should take care not to inadvertently