Commentaries of the day
Before Blinken’s and Yellen’s China trips: Antony Blinken’s trip to China from Sunday to Monday will be the first by a U.S. State Secretary since October 2018. Last month, Treasury Secretary Janet Yellen signaled a China visit “in the near future.” The Center for Strategic and International Studies hosted a press briefing on Monday to preview the visit. In China, the Zhongsheng (钟声) Column in the People’s Daily, the mouthpiece for the CPC, published a commentary against decoupling today.
Multilateralism: Jeffrey Sachs at Columbia University reviewed five popular theories of today’s geopolitical landscape and held that multilateralism is the ultimate prescription for today’s world. Instead of “idealistic” as conventional wisdom suggests, Sachs argued that multilateralism is actually “more realistic than the Realist theory.”
Chip war: Former investment banker Anjani Trivedi reminded us that China was among the top three investment destinations for the world’s leading semiconductor equipment companies. Many of these companies are from the U.S. and its allies. Blocking China on chips, batteries, and others will impede not only innovation but also production expansion. Fostering competition instead of shutting China from the field is more “productive and profitable,” concludes Trivedi.
From the readers
CUSEF Express - February 2, 2023