The news that the Chinese may be coming on board for a new package of sanctions on Iran has been greeted as evidence of a thaw in US-Chinese relations. There is an interesting piece to this effect in today’s Guardian – although the article itself is actually rather more cautious than the headline.
I am not at all surprised that the Chinese are making some conciliatory gestures to the US, ahead of the crucial American decision about whether to designate China as a “currency manipulator” on April 15th. Stopping the US from taking that path – which could lead to trade sanctions – is now the major goal of Chinese policy to America.
So, expect plenty of warm words and conciliatory gestures from Beijing in the next couple of weeks. But, beneath the surface, I think there still are structural forces pushing the two nations towards a much more adverserial relationship. Read more