“It is probably the most important relationship of today’s world, and even more of tomorrow’s. If the United States and China cannot co-operate, what hope of stemming climate change and the spread of nuclear weapons, or returning the global economy to a path of stable growth? Over the past decade, the established superpower and the rising one have rubbed along reasonably well; relations with China are, by common consent, one of the few things George Bush junior got mostly right. But under Barack Obama, after a cordial start, slights have been building up for a while. The past week has produced a sharp reminder of how sensitive the relationship can be—and how quickly it might spin out of control.
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