“I do sense there is a real desire in Beijing to stabilize the relationship, both because of the geopolitical relationship but also, perhaps more important, the doldrums on the economic side,” he said.
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“The steady drumbeat of senior meetings between the U.S. and China increases comfort for collaboration at the working levels,” he said.
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Space and space exploration have “always evoked a lot of interest in Prime Minister Modi personally,” he said.
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China’s State Administration for Market Regulation is now “in an uncomfortable spotlight as a proxy for China’s commitment to market access for foreign investors,” he said.
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“There is a very different risk appetite for China at the head-office level compared to that of the China team on the ground,” he said.
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Indo-Pacific “end-user, supplier, and potential supplier countries all seek to sharply reduce China’s role in their critical minerals and rare earths supply chains,” they wrote.
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The creation of new U.S.-China working groups “would be the first real progress in some years in recreating systematic – as opposed to ad hoc – communication on core issues,” he said.
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“Trade must be pushed to a more central role as the U.S.-India story continues to unfold,” they write.
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Washington must increase the number of semiconductor workers in the U.S. to reap the CHIPS Act’s rewards, he writes.
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“A naval base [in Cambodia] increases China’s regional influence in south-east Asia, suggesting the developing world is rapidly becoming an arena for US-China military competition,” he said.
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