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   Vol. 19 No. 63
Monday September 21, 2020
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China is Once in the Future
Winston Churchill, Franklin Roosevelt and Joseph Stalin
  The old phrase “you can never go home again” can be applied to the recent growing separation between the U.S. and China.
  There is no doubt, however, that China is tied into the world economy and there is no turning back.
  A quick look at China courtesy of a satellite shows a country obliterated by pollution, driven by clogged roads and factories puffing away, which prove that the business engine is back and goods are going somewhere as we approach the Christmas rush.
  Now that China has ended “One Country, Two Systems” in Hong Kong, a 2020 reality check is in order.
  While business awaits, the mass of goods flows unabated, but as lines between the U.S. and China harden, the way forward in trade remains cloudy.


How To Do Business

  Looking away from the facts while engaging and playing nice with China is over for the U.S. and some countries. So now it’s about how we do business between the world and China in a way that will appease both sides.
  Assume that pro-engagement has to be the way to move ahead with free movement of capital, labor, goods, and services.
  How do we appease both western and eastern agendas?
  The United States' recently announced moves to restrict China’s engagement in U.S. universities and student exchange coupled with a growing list of trade tariffs stifle the idea that by exposing a large swath of smart, upwardly mobile Chinese people to the value proposition of a western education and free trade, we accelerate change in thinking.
  The universities and professors who are reaping the benefits of tuitions and mobile teaching assignments are the money, but should that be the only criteria?


New Reality

  I guess the point here is that there is a new reality at work, and in the U.S. at least (minus the mixed messages from politicians and the media during a furious presidential campaign that thankfully will be over November 3 and maybe even a vaccine for COVID-19), this long strange journey of 2020 will finally appear in the rearview mirror.
  “Engagement with China is no longer at any cost. Now it’s about reframing into what type of engagement we should have moving ahead,” said Fulbright Professor Christopher Balding.


Looking Back & Ahead

  It is now 75 years since February 1945 and the historic Yalta Conference between Winston Churchill, Franklin D. Roosevelt, and Joseph Stalin. The historic meeting took place in an old Imperial Russian hotel that served as German officer barracks in WW II.
  According to reports, the Livadia Palace venue was a wreck, with furniture scrounged from hotels in Moscow and toilets that did not work, causing top diplomats and generals to queue up in the mornings to wash up and brush their teeth.
  History has not been too kind to the Yalta conference, which has been characterized as the week when the superpowers met and divided Europe into two blocks.
  To some, even today the word “Yalta” is a synonym for surrender.
  But recently some smart people including historian David Reynolds have come around to the thinking that WW II divided Europe, not the conference table.


The Connection

  Looking a bit deeper into Yalta with 75 years of hindsight, what is generally agreed upon is that the meeting did serve as an attempt to approach how you deal with a regime that you dislike but have to live beside.
  That is as much a challenge in a world that has seen the rise of China, Xi Jinping, and the Chinese Communist Party (CCP) as it was in the days of Joseph Stalin.
  As we think of Yalta and China, we might heed the words once spoken by the English historian and lawyer F.W. Maitland:
  “We must remember that events in the past were once in the future.”
Geoffrey

 

If You Missed Any Of The Previous 3 Issues Of FlyingTypers
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Vol. 19 No. 60
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