The international media consensus following the Beijing summit between Chinese President Xi Jinping and US President Donald Trump was predictable: grand on optics, short on substance. Dismissing it on those grounds misses the deeper story of how the summit marked a turning point in how Washington and Beijing manage their rivalry, particularly over Taiwan. To understand where this relationship is going, a brief historical detour is in order. In April 2001, then US president George W. Bush…
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