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Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Tuesday, March 1, 2011

Not the right time for the G2. Part I

On the 18th of February, right before Hu Jintao’s visit to the USA, Hillary Clinton delivered a speech in the State Department where she mentioned the possible future format of Sino-American relationship in the 21st century. Recent rapid growth of the PRC economics made everyone talking about the new Chinese global role, which may reconfigure the G8 having reduced it to the G2 — alliance of America and China.
Public address of the U.S. State Secretary was timed to the commemoration events for Richard C. Holbrooke, who passed away in the end of last year. This well-known American diplomat used to be the State Secretary Deputy for the Asian-Pacific region in Jimmy Carter’s government and was mostly responsible for the coordination of foreign-policy efforts that normalized the diplomatic relations between the PRC and the USA in 1978-79 after death of Mao Zedong and Dang Xiaoping’s coming to power. Since then world has changed and so have both of these countries. As madam State Secretary emphasized, it was the rule of Democratic President (Richard Nixon) and efforts of then chief of American diplomacy Henry Kissinger that helped to achieve the fundamental improvement of bilateral relationship: