Are China and US Rivals or Partners?
Sun 11:06 pm +00:00, 1 Mar 2026What if the supposed geopolitical clash between the United States and China is less a march toward war and more a high-stakes negotiation over the future of the global financial system? In this analysis, Prof Jiang Xueqin argues that Washington and Beijing are economically symbiotic. The trade war is framed not as existential rivalry but as leverage politics: the U.S. seeking greater access to China’s financial system to reinforce dollar hegemony under the weight of mounting debt, and China resisting to preserve monetary sovereignty and avoid the fate of countries caught in past dollar crises. Beneath the rhetoric, interdependence persists—American naval power still underwrites the global trade routes that Chinese exports rely on. While U.S.–China tensions may ultimately yield compromise, Prof Jiang foresees intensifying conflict elsewhere.
The war in Ukraine could escalate as NATO deepens its confrontation with Russia, and a widening clash between Israel and Iran risks drawing in the United States directly. Yet Beijing, he contends, remains a status quo power—focused on trade stability, reluctant to project force, and more likely to pursue rapprochement with Washington than military adventurism. The result is a stark forecast: escalating wars in Eastern Europe and the Middle East, but strategic accommodation between the world’s two largest economies.
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TAP – If China is really a partner of the US/Israel, Iran and Russia face a much harder future. He’s wrong about Iran not attacking the Gulf States. Maybe he’s wrong about the rest.
