U.S., China: Frenemies in Need

U.S., China: Frenemies in Need

Everyone knows that China is on the rise, that the United States is in decline, and that the two countries depend upon each other more than ever to solve global problems. As it has since the onset of the global financial crisis, this received wisdom in part shapes the U.S.-China relationship, including at bilateral forums such as this week's Strategic and Economic Dialogue (S&ED). But what if this "wisdom" is wrong?

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