Thorny, fundamental issues have been left to the next round, and nobody can predict how further talks will develop. Meanwhile, the U.S. presidential election season is heating up, and the world should be prepared for the worst.

Negativity about China-U.S. relations are only part of a bigger picture. Widespread as they are, the downbeat commentaries do not capture the whole picture. Many factors need to be taken into account to make an accurate analysis.

A rising China has changed the bilateral balance, but neither China nor the United States has sufficient experience or approaches for dealing with the other. Competition could easily lead to confrontation.

Experts at a recent Global Times forum shared diverse views and framed China-U.S. issues in different ways. But the wisdom of Henry Kissinger continued to resonate and point the way forward.

While a partial trade agreement has been reached between the US and China, few believe that a full truce is underway. For 2020, the two countries should focus on managing interdependence and “smart competition” instead of being consumed by exaggerated fears.

It’s no surprise that the world’s two biggest economies will have disagreements now and then. But that’s no excuse for hostility. In fact, a bad attitude is counterproductive.

There is an alternative for resolving the China-U.S. puzzle that goes beyond the simple binary choice of “deep integration” or “decoupling.” But the two sides must want to discover it.

Many factors serve as a brake on continued deterioration of relations between China and the United States. While a negative mood has taken hold, there’s reason for confidence.

Concerns of China and the United States over science and technology can be resolved by the international community. Avoiding the huge cost of decoupling should be a top consideration.

In recent years, fears of a new cold war between the United States and China have been proliferating. But the tensions between the two powers would be better described as a “cool war,” characterized not by old-fashioned spheres of interest, proxy wars, and the threat of “mutually assured destruction,” but by an unprecedented combination of wide-ranging competition and deep interconnection.