The United States and China share multi-trillion-dollar connection through trade and investment, and the risk of mutually assured destruction has helped to assure civility, if not trust. The debt-laden United States needs China’s deep pockets, and China’s exporters need American consumers.
However, the big global worry is that the uneasy peace between the super powers may give way to worsening tensions as their economies cool. The rest of the Asia Pacific is watching warily for fear of getting squashed in the middle if the world’s two biggest economies clash.
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