Agenda: The U.S. and China Find Common Ground - 0 views
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Joe Biden is saying that a close relationship with China is of the utmost importance. The Chinese side of the three-day talks appear to agree, drawing back from sharp criticism of America in recent weeks. But does the dialogue spell improving relationships between the world’s two biggest economies?
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Underneath it, there’s a fairly strong economic link between the two. That link doesn’t necessarily guarantee good relations between them.
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they’re both trying to get a sense of reassurance and a sense that at least there is an element of stability between what are now the world’s two biggest economies.
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I think that the talk about pulling Chinese investment out of U.S. bonds out of U.S. treasuries is more rhetoric than anything, although certainly there are elements within China that are raising that up.
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One, who’s going to buy their stuff if they yank all these savings out of the U.S. and if they contribute to the crash of the U.S. economy. And the second would be who in the world is going to buy all of these if they try to dump them on the market and sell them, there have to be buyers out there.
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There seems to be a significant drop in students from the provinces enlisting in the better universities. It also looks as if Beijing is planning a new crackdown on bloggers and social networks.
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On the one hand, being able to allow their citizens to kind of display their frustration or express themselves through these social networks has been a way to reduce potentially some of the steam that would build up in China that could ultimately kind of explode out against the government.