Today, we begin with our top risk for 2010 -- a serious spike in tensions in what has become the world's most important bilateral relationship.
The G2 was a stillborn idea, because Beijing doesn't want the responsibilities, even though the United States pushed hard for this framework at the Obama-Hu Jintao summit in November. That won't last in 2010. In the future, we'll look back at that summit as the peak of the relationship, and we'll see significant deterioration in U.S.-Chinese relations in the coming year.
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