It is a little exaggerated to say that it is difficult for small and medium-sized economies to form a third force. First, it is difficult for them to truly unite. Second, it is also difficult for them to have a key impact on the global industrial chain. It is quite obvious for China and the United States to make an offensive and defensive change. Almost all of them advised the United States to step back. Japan’s finance minister also criticized the United States a few days ago, saying that a unilateral move by China would only help shift the deficit elsewhere.
[Cao Xin: There are two noticeable trends in the Sino-US game: one is the emergence of a third force outside China and the United States; the other is the trend of Offensive-Defensive exchange between China and the United States. ]
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