The New Rules: Obstacles to a U.S.-China Partnership Made in U.S.A.?

In a column two weeks ago, I described the outlines of a proposed grand-strategic bargain between China and the United States. Basically, the “term sheet” that I helped draw up proposed various bilateral compromises over the security issues — Taiwan, North Korea, Iran and the South China Sea, among others — that keep the relationship clouded by profound strategic mistrust. The resulting climate of confidence would encourage Beijing to invest some of the trillions of dollars it holds more directly into our economy, instead of simply using them to facilitate our skyrocketing public debt. Since the column appeared, I and […]

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