Anthony Blinken is trying to fix China-US relationship

TL;DR Breakdown

  • Antony Blinken, the U.S. Secretary of State, has visited China, the first such visit since 2018.
  • His mission is to revitalize US-China relations that have been strained, especially after the suspected Chinese spy balloon incident.

Description

Stepping into the historical cauldron of US-China relations, Antony Blinken, the U.S. Secretary of State, has become a beacon of diplomatic engagement. Marking the first such visit to China since 2018, Blinken’s trip hints at a strategic shift towards reviving the tenuous ties between the two global powers. Following an incident involving a suspected Chinese … Read more

Stepping into the historical cauldron of US-China relations, Antony Blinken, the U.S. Secretary of State, has become a beacon of diplomatic engagement.

Marking the first such visit to China since 2018, Blinken’s trip hints at a strategic shift towards reviving the tenuous ties between the two global powers.

Following an incident involving a suspected Chinese espionage balloon hovering over North America, the fragile relationship was strained further, making Blinken’s task even more critical.

Navigating through a troubled history

Over a span of five-and-a-half hours, Blinken convened with China’s foreign minister Qin Gang, setting the stage for a cautious yet necessary dialogue.

Acknowledging the importance of open communication channels to circumvent misperceptions and miscalculations, Blinken extended an invitation to Qin to continue the dialogue in Washington.

The State Department reinforced this sentiment with Matthew Miller, the department’s spokesperson, emphasizing the relevance of diplomacy in these intricate matters.

Qin, reciprocating the cautious optimism, stressed the importance of a stable and predictable relationship, acknowledging the current low point in US-China relations.

It is worth noting that the U.S. harbors concerns regarding China’s military maneuvers around Taiwan and their reticence to condemn Russia over the Ukraine invasion.

Mapping a road to rapprochement

The roadmap for Blinken’s diplomatic mission is predicated on the understanding reached between President Joe Biden and his Chinese counterpart Xi Jinping in Bali in November.

The objective was to establish a foundation for their relationship, which was temporarily hampered by the balloon incident in February. Despite this setback, signs of progress were visible, with high-level meetings taking place between CIA director Bill Burns and his Chinese counterparts.

While the task of mending the fissures in the relationship is a monumental challenge, Blinken remains acutely aware of the difficulties that lie ahead.

As Daniel Kritenbrink, the State Department’s top official for East Asia, observes, one of Blinken’s key objectives is ensuring competition between the two countries doesn’t escalate into conflict.

The alleged Chinese spy balloon episode, which China claims was a weather observation vessel, remains a contentious point. In a move suggesting skepticism towards China’s version of events, 19 Republican senators have called for an immediate release of the FBI’s findings.

President Biden, however, played down the incident, suggesting it was more embarrassing than intentional.

Bracing for economic uncertainties

While the diplomatic ballet unfolds, economic realities lurk in the background. China’s economy, strained by stringent Covid measures, may be looking for a respite from tensions with the U.S.

However, the imposition of U.S. export curbs and China’s decision to tighten anti-espionage laws have dampened investor sentiment.

The diplomatic dance is far from over. Blinken’s visit marks a significant stride, albeit in a long journey. Republicans, including Mike Gallagher, are skeptical about what they term as “zombie engagement”, fearing that extending olive branches to Beijing could invite aggression.

Nevertheless, it is clear that top-level dialogues are necessary to clarify intentions and reduce the risk of escalation.

As Blinken navigates through the diplomatic minefield, his efforts underscore a broader push towards diplomacy in addressing some of the most pressing geopolitical issues of our time.

In the end, maintaining communication channels and preventing competition from spilling into conflict might be the way forward, however challenging the road might be.

Disclaimer: The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Anthony Blinken is trying to fix China-US relationship

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年6月21日 00:08
Next 2023年6月21日 01:39

Related articles

  • PayPal’s dive into stablecoins isn’t what it seems

    TL;DR Breakdown PayPal has launched its own stablecoin, PayPal USD. The crypto market is currently saturated with stablecoins like tether and USDC. Despite pausing development due to regulatory pressures, PayPal pushes forward. Description It’s not every day that a tech giant decides to dip its toes entirely into the murky waters of cryptocurrency. But this is precisely what PayPal has chosen to do. Their recent foray into stablecoins with the PayPal USD isn’t the triumphant entrance they’d want you to believe. Why? Let’s dissect this bold yet baffling … Read more It’s not every day that a tech giant decides to dip its toes entirely into the murky waters of cryptocurrency. But this is precisely what PayPal has chosen to do. Their recent foray into stablecoins with the PayPal USD isn’t the triumphant entrance they’d want you to believe. Why? Let’s dissect this bold yet baffling move. A Crowded Market and PayPal’s Bold Claim When PayPal announced their venture into the world of stablecoins, they weren’t joining a barren landscape. They were stepping into a battleground already saturated with big…

    Article 2023年8月10日
  • Binance bolsters DeFi space with innovative NFT loan service feature

    TL;DR Breakdown Binance introduces an NFT Loan service, enabling Ethereum loans with NFTs as collateral. The service offers instant liquidity, zero gas fees, and competitive interest rates, with plans for future expansion. The move follows similar NFT lending services by other platforms, reflecting Binance’s commitment to remain competitive. Binance, the leading global cryptocurrency exchange and blockchain platform, introduces a novel service to its marketplace – the Binance NFT Loan. This new feature, which goes live on Friday, is a great development that enables digital asset holders to leverage their Non-Fungible Tokens (NFTs) as collateral to secure Ethereum (ETH) loans. In a press release, Binance elucidated that this innovation aims to bring the advantages of Decentralized Finance (DeFi) to its NFT community. The loan tool provides instant liquidity, competitive interest rates, zero gas fees, and liquidity protection. It employs a “Peer-to-Pool” methodology where Binance functions as the loan pool. Initially, the service will support only Ethereum loans and NFTs from esteemed collections like Bored Ape Yacht Club (BAYC), Mutant Ape Yacht Club (MAYC), Azuki, and Doodles. However, Binance envisages extending its…

    Article 2023年5月28日
  • SBF off-cell meetings and laptops allowed amid trial turmoil

    TL;DR Breakdown The court order specifies that the meeting between SBF and his lawyers will take place in the Marshal’s cell block attorney room, allowing for face-to-face consultations but the meetings are subject to limited hours, generally from 8:30 am to 3:00 pm. The court’s decision to allow off-cell meetings and digital devices is accompanied by a refusal to grant other requests made by his legal representatives.  Description According to a court filing on August 22, Judge Lewis Kaplan of the US District Court has granted permission for Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, to meet with his lawyers outside his jail cell. This decision comes after SBF’s lawyers requested that he be allowed to spend time out of jail … Read more According to a court filing on August 22, Judge Lewis Kaplan of the US District Court has granted permission for Sam Bankman-Fried (SBF), the founder of cryptocurrency exchange FTX, to meet with his lawyers outside his jail cell. This decision comes after SBF’s lawyers requested that he be allowed to spend time out of…

    Article 2023年8月22日
  • Token founder swindled in $250k scam, points finger at Crypto.com

    TL;DR Breakdown Bryan Lawrence, the founder of Glow Token, has filed a lawsuit against Crypto.com after losing $250,000 and his home in a scam involving individuals posing as Crypto.com employees. He alleges negligence and a lack of security protocols on the part of the exchange. The lawsuit accuses Crypto.com of breach of contract and claims over $250,000 in damages. Lawrence’s situation has also led to health issues, with four hospitalizations for stomach problems attributed to stress from the events. Description Glow Token LLC has filed a lawsuit against major cryptocurrency exchange Crypto.com, seeking over $250,000 in damages after falling victim to an apparent scam. According to court documents, Glow Token CEO Bryan Lawrence was approached by individuals posing as Crypto.com employees, who deceived him into transferring funds for listing Glow’s cryptocurrency on the exchange. The … Read more Glow Token LLC has filed a lawsuit against major cryptocurrency exchange Crypto.com, seeking over $250,000 in damages after falling victim to an apparent scam. According to court documents, Glow Token CEO Bryan Lawrence was approached by individuals posing as Crypto.com employees, who…

    Article 2023年8月21日
  • Dubai’s VARA emerges as a leading choice for VASPs, while Hong Kong strengthens its crypto position

    TL;DR Breakdown Dubai’s Virtual Asset Regulator Authority – VARA – creates a favorable crypto environment in line with the city’s newly released D33 – a 10-year economic agenda. VARA places Dubai among a small group of global jurisdictions that have established a robust framework for crypto and virtual assets. Hong Kong is taking steps to be the leading global crypto hub. Description Dubai’s Virtual Asset Regulator Authority (VARA) has sparked great conversations in the crypto sector.  According to reports, VARA hosted some of the world’s most successful digital assets and Web3 companies in late May to discuss Dubai’s daring new regulator strategy, which goes hand in hand with the city’s newly released D33 – a 10-year economic … Read more Dubai’s Virtual Asset Regulator Authority (VARA) has sparked great conversations in the crypto sector.  According to reports, VARA hosted some of the world’s most successful digital assets and Web3 companies in late May to discuss Dubai’s daring new regulator strategy, which goes hand in hand with the city’s newly released D33 – a 10-year economic agenda. The agenda intended to…

    Article 2023年6月23日
TOP