‘A War of Words’

Southasia - - Editor's mail -

U.S. Vice Pres­i­dent Joe Bi­den’s re­cent visit to China might earn him some crit­i­cism back home. In one of his post-visit state­ments, Bi­den as­serts, “China’s rise does not spell Amer­ica’s demise… And let me re­as­sure you: based on my time in China, nei­ther are the Chi­nese." While dis­miss­ing Amer­ica’s fears of a cold war-style ri­valry, he also stressed on Pres­i­dent Obama’s ‘clear eyed’ poli­cies to cur­tail Chi­nese mil­i­tary ca­pa­bil­i­ties, a rea­son he said was strong enough to main­tain U.S. pres­ence in the re­gion. The du­bi­ous state­ments come as noth- ing but a war of words. As rightly pointed out by one of your writ­ers, the stag­ger­ing global econ­omy can­not af­ford a Sino-U.S. ri­valry. As trade and in­vest­ments bind the two coun­tries, they will have a stake in each other's suc­cess, and in­cen­tives to work to­gether. Even though many Amer­i­cans be­lieve Amer­ica is bet­ter po­si­tioned than China to com­pete in the 21st cen­tury be­cause of the strengths of its po­lit­i­cal sys­tem, free mar­ket econ­omy and rule of law, the truth is Amer­i­cans own Amer­ica's debt. China holds just eight per­cent of out­stand­ing Trea­sury se­cu­ri­ties. By com­par­i­son Amer­i­cans hold nearly 70 per­cent. Per­haps it is time that both the su­per pow­ers en­gage in eco­nomic ac­tiv­i­ties in­stead of con­fronting each other in po­lit­i­cal dilem­mas. Par­i­jat Desai,

Texas, U.S.

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