Zongyuan Zoe Liu
Senior Fellow for China Studies, Council on Foreign Relations
Zongyuan Zoe Liu, Senior Fellow for China Studies at the Council on Foreign Relations, is Adjunct Assistant Professor of International and Public Affairs at Columbia University’s School of International and Public Affairs and the author of Can BRICS De-dollarize the Global Financial System? (Cambridge University Press, 2022) and Sovereign Funds: How the Communist Party of China Finances Its Global Ambitions (Harvard University Press, 2023).
Jul 18, 2025
The most recent trade talks between the United States and China in Geneva and London provided little more than temporary relief in the conflict between the world’s two largest economies. Despite US President Donald Trump’s efforts to tout the stopgap measures as a “deal” that benefits America, China reads the scoreboard differently – and believes it is winning. From its vantage point, it has weathered the storm and emerged more confident, more self-reliant, and more convinced that its long game is paying off.