An overemphasis on competition may lead to pessimism and miscalculation. While the United States appears to be upgrading measures designed to pressure China, it should also strengthen its economic and trade ties. Interdependence and mutual benefit are excellent motivators.

Given Washington’s strategic hostility toward China and its continual assertion of national security, it’s unrealistic to expect a general improvement in economic and commercial ties. New curbs on China — and more friction — are likely in the offing.

Through sincere efforts by the U.S. and China, it’s possible that the decline in trade will bottom out this year. Strong business relationships can once again serve as a stabilizing factor in the overall relationship, and inure to the benefit of our two peoples and the world.

If the recent shift from decoupling to de-risking amounts to a game of semantics, it will damage what little strategic mutual trust remains between China and the United States. It will only heighten concerns and raise costs for the business community.

Tianjin’s AMNC 23 conference provides positive news. It sent out strong signals that a revival of global growth is on the way and provided reassurance that the world is not moving into a lost decade.

Before Deng Xiaoping launched China’s reform and opening up, the People’s Republic was working to establish a self-sufficient economy. But after dec

Lip service notwithstanding, what Washington has been doing over the years is a form of decoupling with China — in the guise of national security. Top American officials have not articulated any boundary between decoupling and what they say are moves to “de-risk” the relationship. In many ways, they look the same.

The international financial infrastructure has long been dominated by Western institutions. China’s advances in digital currency could help spread its influence on global commerce enough to challenge the hegemony of the U.S. dollar.

Restore normal diplomatic exchanges, avoid war and strengthen economic ties — these are at the top of the list. It’s clear that trade is increasing, not decreasing, and we should continue developing scientific and technological exchanges. While competition is inevitable, war is not.

The Biden administration’s long-awaited strategic framework for trade with China may not be more effective than Trump’s. But it’s imperative to avoid harm and to push for new engagement consensus.