Historically, following a crisis, dialogues at the highest levels between China and the United States are put on hold indefinitely. At present, neither nation seems to be in a hurry for such a meeting. Here are some of the reasons.

The following is the prepared opening remarks by the author at the Hong Kong Forum on US-China Relations, Jan 26-28, hosted by the China-United States Exchange Foundation in partnership with the China Center for International Economic Exchanges.

A new U.S. policy will emerge in the South China Sea, but only slowly. After his inauguration Biden will pick up where Obama left off, but adding new strategic wrinkles as the U.S. enlists other countries to play its game.

The resumption of talks between China and the United States should be characterized by efficiency and high quality. After many negative twists and turns in recent years, the relationship will eventually find a new model that has not been seen before.

The incoming Biden administration has every incentive to repair relations with China, but the biggest obstacle, more so than Trump’s actions or public opinion, may be Biden’s own election cycle rhetoric.

While we wait for the Biden administration to transition into office, there are several steps Beijing should take to encourage a more productive relationship between the two governments.

The new U.S. president will adjust the country’s China policy, but the general approach — which reflects the mainstream views of American voters — is not likely to change. What will change is the manner in which U.S. policy is carried out, and here there is uncertainty.

The future of China-U.S. relations obviously depends on the two countries’ respective choices. The good news is that a window of opportunity is now open to create a new approach after years of turmoil driven by the Trump administration.

Recent events have left an unsavory impression of China on most Americans, framing the conflict between the U.S. and its rival power as a zero sum game. By focusing only on overtaking China, the U.S. risks being left behind as China’s plans for expansion circumvent American influence.

There’s no evidence indicating that U.S.-China relations will turn for the better simply because Biden takes over the presidency. But the opposite is true as well: There is no reason to pass up an opportunity to ease tensions and strive for a reset.