“After having been postponed following the shooting down of an alleged Chinese surveillance balloon, Blinken’s visit to China, culminating in his meeting with Xi Jinping, represents an attempt by both parties to stabilize the relationship,” he explained.
“Even as ‘nationalists’ dominate US policy, relations are highly complex. US-China trade is increasing and both countries are highly reliant on each other for economic stability. Notwithstanding ‘de-coupling’ initiatives and bellicose rhetoric, US capital continues to pour into China. Notably, Jamie Dimon (JP Morgan) and Elon Musk (Tesla) have recently visited the mainland and endorsed further economic integration. Last week, Bill Gates (Microsoft co-founder) met with Xi Jinping in Beijing. These factors certainly have played a role in the limited rapprochement.”