Henry Kissinger has diagnosed a “new paradigm” in China-US relations. While the good old days of cooperation may be over, both powers have a chance to put aside their worst impulses — American paranoia prompted by its decline, and Chinese chauvinism brought about by its rise — steering away from cold war confrontation, instead forging a new path forward.

Driven by anxiety over the success of China’s growth model, the US under Trump has sought to apply “maximum pressure” through its trade war. However, an eventual bargain will serve to cement China’s leadership role not only in economics, but also global governance.

Under Trump the US has abandoned its former strategy of engagement with China, instead adopting a hardline stance. But his “trade war” has not borne fruit, while a recent thaw in negotiations shows the possibilities for renewed Sino-US cooperation.

China-U.S. relations are now “too big to fail,” and thus the two countries must seek a new pragmatic balance in their relationship.

Americans should be confident in their future. China poses a serious challenge, but Washington can do much to prevent relations from turning violent.

We're condemned to cooperate, because if we don’t, we are really just condemned.

A new type of China-U.S. relationship, or a new equilibrium, is taking shape. There is an urgent need for the two nations to re-engage each other.

The era of comprehensive strategic competition between China and the US has come, with bipartisan support in the US. With the US holding the upper hand in the current China-US relationship, the future of this relationship is predictable.

The China-US trade war is ultimately a war of attrition; both sides will lose and in the end, there will be no winner. It is inevitable the trade dispute will develop into to other dimensions of investment, finance, exchange rates, high technology, and other non-trade areas.

With a truce in sight, China needs to stay alert as the U.S. might seek to challenge it in other fields.