This extremely difficult period could have included a terrible recession. Instead, we have seen growth around the world. Wealth is being created on a daily basis. What we need is better distribution wealth so that people have happier lives.

The main deficit on the geopolitical ledger is mutual strategic distrust. If this cannot be overcome, the world will be condemned — like Sisyphus in Greek mythology — to roll the boulder of a contentious U.S.-China relationship uphill for eternity.

There are and will continue to be differences between China and the United States. This is typical of humans, as any family knows. But the world needs China and the United States to be working together, marshaling and complementing their respective strengths.

I strongly believe it is time for the trade war between the U.S. and China to be placed in abeyance. With inflation increasing in the U.S. and with the growth of China’s domestic consumption slowing, I am sure the will must be there on both sides.

Half a century ago this month, Chinese leaders received Richard Nixon on a historic visit that ended two decades of estrangement between China and the U.S. The visit has been rightly hailed as an example of diplomacy and statesmanship at their best.

The visions of Xi Jinping and Joe Biden clearly spell out two trajectories - one of ascendance and the other fighting to retain fading power and influence.

Cambodia’s close relationship with China has become a model for what it can look like when a nation stays in Beijing’s good graces. Now, its Prime Minister is ascending to lead ASEAN in 2022, setting the stage for a potentially dramatic turn of events in the region, whose members diverge on their feelings towards China’s influence.

Unlike the warmth it showed China during the 2008 Summer Olympics, the United States has adopted a chilly mindset for the 2022 Winter Games. In fact, relations seem headed for an extended ice age.

American anxiety about China shows that China has become a “near-peer” competitor to the United States. But the process of competition will not be dictated by the U.S. alone. The impact will only be revealed through interaction over time and the handling of key issues.

China and Russia presented a united front and said their partnership has "no limits."