Not To Choose Between U.S. and China
<p>Lee Kuan Yew, the founder of modern Singapore, had a saying: “when elephants fight, the grass suffers; when elephants make love, the grass also suffers.”</p>
<p>The metaphor referred large countries as elephants and small countries as grass.</p>
<p>Another well-known saying goes like: “when sharks fight, they will stir up the water; when sharks are flirting, they also stir up the water.”</p>
<p>In the context of worsening relations between the U.S. and China, most countries don’t take sides. They are hedging between the U.S. and China to win room for maneuver.</p>
<p><img alt="" src="https://miro.medium.com/v2/resize:fit:700/0*q4PchO8WV1YtZQ8j" style="height:517px; width:700px" /></p>
<p>Photo by <a href="https://unsplash.com/@jorgeaalcala?utm_source=medium&utm_medium=referral" rel="noopener ugc nofollow" target="_blank">Jorge Alcala</a> on <a href="https://unsplash.com/?utm_source=medium&utm_medium=referral" rel="noopener ugc nofollow" target="_blank">Unsplash</a></p>
<p>Mexico, for example, is a beneficiary of The U.S.-China trade war, which has resulted in FDI in Mexico.</p>
<p>On 10 Aug 2023, the British newspaper The Economist published an article titled as Joe Biden’s China strategy is not working, suggested that America’s reliance on Chinese critical inputs remained, and, more worrying, the policy had the perverse effect of pushing America’s allies closer to China, and then, laser focus was needed for American officials.</p>
<p>In the same article by The Economist, it was reported that America was actually redirecting its demand from China to other countries, as Mexico’s and South-East Asia’s exports to America have risen, imports of intermediate inputs from China had exploded.</p>
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