The two sides ironically see eye to eye as a new US Senate bill proposes banning defence contractors from buying Chinese-sourced rare earths. Meantime, Beijing has been mulling putting restrictions on rare earth supplies crucial to those same manufacturers.
Since the first outbreak, the coronavirus pandemic has been marked by political failure in the US, the UK, Australia, Japan and China. In Hong Kong, our leaders have been forced into a false choice of opening up to the mainland or the world. Harm to Hong Kong’s economy might be permanent.
From US-China tensions and decoupling rhetoric to the property and equity market bubbles, it appears that little will change. It is a time for clear strategic thinking and serious international cooperation but, sadly, both are in short supply.
The United States and some of its allies, and Taiwan and Ukraine, have been pushing each other into confronting Russia and China, and finding it increasingly difficult to back down. But in time, Washington is likely to realise only ‘limited sovereignty’ for Ukraine and limited government for Taiwan can avoid war.
Nixon and Kissinger had started a good thing going for America over China, but now, their successors want to throw it all away for short-term advantages or purposes which are unclear even to themselves.