► The United States and key allies, including Germany, France, Australia, and Japan, have engaged in high-level dialogues with China to expand economic cooperation, with significant diplomatic visits. ► The recent U.S.-China dialogue, highlighted by the Biden-Xi summit, is driven by short-term policy considerations, with no fundamental shift in U.S. policy. ► The U.S. efforts to restore hi...

 ► The chances of improvement in US-China relations seem low, despite the accomplishments made after last week’s meeting.  ► Measures announced in the meeting are hardly new to the bilateral relationship, suggesting that they can be canceled or not followed through at all. ► Although both recognize the importance of the U.S.-China relationship, China’s arduous actions to build...