What the hell ADIZ?BARACK OBAMA’S “pivot” to Asia has been his most important foreign-policy shift. But the continent is causing him more pain than gain, at least to judge by the final cabinet-level meeting of his presidency between China and America. The gathering, called the Strategic and Economic Dialogue, was held in Beijing on June 6th and 7th. It showed that some progress is being made by the mutually suspicious powers. But it has been only tentative. Remaining problems are intractable and dangerous.
In one friendly-sounding gesture, China pledged to cut excess steel production, which has been depressing global prices and upsetting steelmakers in America and elsewhere. But the country had already said it would reduce capacity by 100m-150m tonnes by 2020. China admits this will not eliminate the glut.
China also agreed to enforce sanctions that were imposed on North Korea by the UN in March. That would please America, which believes China is half-hearted about stepping up pressure on the North to stop making nuclear bombs. But the two countries showed little sign of agreeing on what to do next. America...Continue reading
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