Expectations for a significant recovery in the U.S.-China relationship, especially as a result of Blinken's upcoming trip, remain low.
"The U.S. needs to honor its commitment to the 'One China' policy," Jia Qingguo, a professor at Peking University, said Tuesday on the sidelines of the Caixin New Asia Vision conference in Singapore."It recognizes that even though there is a need to establish military guardrails between both countries, that is not enough. The two countries should also establish similar guardrails for diplomacy and economic relations to avoid confrontation.
China's Commerce Minister Wang Wentao met with his U.S. counterpart in Washington in May. And U.S. Treasury Secretary Janet Yellen is expected to visit China at an unspecified date.
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