When You’re in a Cold War, Play for Time

Niall Ferguson Bloomberg May 21, 2023 Link

Intro:

On May 8, US Ambassador to China Nicholas Burns and Chinese Foreign Minister Qin Gang met in Beijing — the first significant encounter since a Chinese spy balloon was spotted over Montana. True, the Chinese side couldn’t resist accusing the American side of “erroneous words and deeds,” but it was better than a frosty silence. Two days later, President Joe Biden’s national security adviser, Jake Sullivan, sat down in Vienna for lengthy discussions with Wang Yi, Qin’s boss. The two men weren’t exactly exchanging Maotai toasts; but at least they didn’t come to blows over Taiwan.

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