The battle for the top spot in global trading is on. China and the US are currently battling it out especially as East Asia comes up in the running. What this means for the rest of the world however, is possible anticipated fear. The concern is that countries will have to “pick a side,” which will only end negatively.
The good news however, is that since Trump took up the US presidency, the North Korea agreement went into place and discourse advanced resulting in the compliance of a 10-point trade deal. According to Renmin University’s Professor Shi Yinhong it is unlikely that the Sino-US rivalry will decline. So there’s that.
So politically there are issues. But in the arts and education things are really going well for China and the US. And that is good for relations in other industries between the two regions. As U.S.-Asia Institute Trustee and the President of DMG Entertainment Chris Fenton noted: “When people collaborate on making anything artistic, there’s an emotional pull inside of that and if it works well, you not only have a great business, you also have a great diplomatic cohesion between the two countries.”
And if anyone can offer optimism on the subject area, it’s Matt Sheehan, creator of Chinafornia Newsletter. He says that US-China relations (in particular in California) are booming: “California is the living laboratory for a new paradigm in U.S.-China relations. This new paradigm is built on grassroots ties and face-to-face interactions.”
So a lot is developing between the two nations. Let’s see where the next step takes us.