Viewed from here in Washington DC, the workmanlike relationship between President Biden and President Xi who met in Bali ahead of the G20 summit is the best model for the relationship between the world’s largest and second-largest economies for the next decade and more.
In areas where it is in their mutual self-interest, such as combatting the climate crisis, they will cooperate. In areas where it is not, they will compete. Both accept that the world economy is splitting into two areas of influence, and that is where the battle for dominance will be. But this battle will stop short of an economic war on the scale of the one now being led by the US against Russia. Each has too much at stake.
For people who bought the notion, popular a few years ago, that national boundary will fade and the world will be run by political and business elites' extreme globalisation this is one more nail in the coffin.
Remember the idea of Davos man”, shorthand for that elites view of the world, exemplified by the grandees who met every year at the Swiss ski resort of Davos? It shut down after the pandemic stuck but was revived in cutback form in May this year, with Sam Bankman-Fried among the headlined speakers. A couple of weeks earlier, he had shared a platform in the Bahamas with two Davos alumni, Tony Blair and Bill Clinton.)
This story is from the November 16, 2022 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the November 16, 2022 edition of The Independent.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
Sheffield steal: will Saudi cash kill off the Crucible?
The spiritual home of the sport for almost half a century is ill-equipped to stave off modern realities, writes Nick Metcalfe
Chelsea take on the best in the house that Emma built
It was all in the plan, it seemed. As Chelsea took to Stamford Bridge for the first time under Emma Hayes, the club’s then chair Bruce Buck declared that, in one sense, the “mission has been accomplished”.
Slot to become Liverpool manager after deal agreed
Arne Slot is set to become Liverpool's next manager after they verbally agreed a compensation deal with Feyenoord for the Dutchman. The 45-year-old, who won the Eredivisie last season and the Dutch Cup earlier this month, emerged as Liverpool's first choice, with Jurgen Klopp giving his blessing to the appointment by praising Slot earlier yesterday.
Battling spirit deserts Reds to leave Klopp out of tune
There is a chorus that Jurgen Klopp is used to hearing in his homeland. But not about his sides; never about his sides. Until, amid the din at Goodison Park on Wednesday, the Liverpool was tempted to launch into a one-man rendition of an accusation.
Shared philosophy is key to pivotal north London derby
If there wasn't so much tension around this game, and between these clubs, Mikel Arteta and Ange Postecoglou might be able to settle in and discuss a few shared ideas.
Marshall quits GB News board amid Telegraph link
Sir Paul Marshall is leaving the board of GB News after three years, amid reports the hedge fund manager is considering a new rival bid to buy the Daily Telegraph.
'Earth is big enough for the both of us,' Xi tells Blinken
Chinese president Xi Jinping told US secretary of state Antony Blinken that their countries \"should be partners and not rivals\" shortly after Beijing warned Washington against crossing its red lines in high-stakes meetings aimed at stabilising relations between the world's two largest economies.
Patents for UAV technology surge amid 'new arms race'
Russia has filed hundreds of patents since Ukraine war began
Modi to be investigated by India's election commission
Prime minister referred to Muslims as ‘infiltrators' in speech
Gen-Z sees Gaza protests as their 1968 moment: 'We built this on their legacy'
Historical comparisons between the mass protests of 1968 and today's student demonstrations in solidarity with Gaza are both imperfect and hard to avoid.