That means he will likely work with China as part of a group, along with say APAC allies like Japan, Australia and Korea, perhaps by rejoining the Trans-Pacific Partnership (TPP), which the U.S. First regarding Hoffman’s “collective set of rules.” If Trump was the ultimate bilateralist, Washington watchers agree that Biden will almost certainly revert to traditional multilateralism. We have to have a collective set of rules that we all play together that allow the world to progress.”Ī few points to pull out there. Bridge building is really important, while still, of course, fiercely competing, and making sure that China plays its fair and just role on the world stage and doesn't pretend it's an emerging economy anymore, and isn't allowed IP theft. “But China is an important part of the global economy. “The Chinese hawks want China to fail,” Silicon Valley VC and entrepreneur Reid Hoffman said to me this week. Also it’s now the case that folks on both sides of the aisle agree that China plays by its own rules to our detriment and we need to call them on that, (one of those Trump truisms.) How we do that is where we disagree. One thing’s for sure, we’re never going back to where we were before with China, simply because the Chinese economy has nearly caught up with ours. ![]() and China will be the defining geopolitical mega-trend of our lifetime.
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