CONTEXT : Recently a virtual summit meeting between Presidents Joe Biden and Xi Jinping was held in which, multiple points of continuing strategic contentions between the U.S. and China were highlighted.
Both agreed to find the common ground on contentious issues like :
Trade and tensions surrounding Taiwan issue
The South China Sea
In March 2021, at a meeting in Anchorage, Alaska, between senior officials from both countries, U.S. Secretary of State Antony Blinken said that there would be a “much more violent world” without the rules-based international order.
Blinken added that Chinese activities in Xinjiang, Hong Kong, and Taiwan, menace that international order, and were not internal matters.
In that, Beijing was quick to claim a diplomatic victory, even though the summit meeting yielded no major developments.
The Chinese state media announced after that meeting that Biden doesn’t support Taiwan independence.
Trade– At the top of the policy agenda, causing bilateral friction.
After the damaging trade war with China prior to 2020, a relief arrived when Phase 1 Trade Agreement took place, requiring China to buy $380 billion worth of American goods by the end of 2021.
With the shortages in orders from Beijing for Boeing aircraft (aviation slowdown), that did not happen.
On Taiwan’s independence: like always, Washington recognises but does not admit china’s claim over Taiwan under the One China policy
TO CONCLUDE: Both CHINA and USA have to be balanced in managing their disputes over trade and regional issues otherwise there may be disturbances in the weak recovery in economic growth and public health.