Special to WorldTribune.com
By Willy Lam, EastAsiaIntel.com
China-American relations, which have the past decade been characterized by “cold politics and hot economics,” could take a serious drubbing at the on-going Asia-Pacific Economic Cooperation (APEC) meetings in Beijing.
While geopolitical contention between China and the U.S. has been exacerbated particularly in the Asia-Pacific Region, bilateral ties have benefitted from largely symbiotic relations on the financial and trade fronts.
China is still the largest buyer of American treasury bills and other securities, while the U.S. remains an indispensable market for Chinese products.
Cat-and-mouse games between Chinese and U.S. jetfighters over the East China and the South China Seas have since early this year intensified even as the Chinese leadership under hardline President and Commander-in-Chief Xi Jinping adopts increasingly pugilistic policies to project Chinese hard power in the Pacific.
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