merica’s sluggish insistence that China remains a security threat as opposed to a powerful economic reality is leading to lost opportunities. Not quite four decades after Nixon visited Mao, the U.S. is still reluctant to see an emergent China for what it is: a waking giant, ambitious for itself and jealous of its sovereignty, but no more so in either case than any other nation.
Take a look at the invitation to a conference called “The Future of the RMB in Global Trade and Finance” (the renminbi being another term for the Chinese yuan) that the China Policy Institute in London recently sent out. Here are some snippets from the conference’s agenda:
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