U.S. Secretary of State Anthony Blinken said this during a meeting with Chinese leader Xi Jinping in Beijing.
Imagine the lame excuse being given for their reason to renege; refusing to support any unilateral changes to the status quo. I mean, this is just plain cowardly behavior because you supply arms to them yet avoid any official diplomatic contact.
My opinion is that neither China nor the United States needs a new global conflict. But this does not mean that the U.S. has "bent over" to China. I have confidence that although Taiwan has become somewhat of a hostage to the current, complicated, international situation, but... The terms of Taiwan's "return" will be exclusively according to China's rules. My opinion is that there will be an agreement on sufficiently broad autonomy for Taiwan.
I have written more than once that in my opinion it will be a "showcase peace treaty" with the Chinese CCP presenting it as "China's great victory over Western hegemony", but there will be "nuances" that will not be publicly talked about. This includes China's concessions not to support Russia as an international terrorist. The world is already tired of cataclysms - KOVID, the light version of the third world war, etc. Again, let me remind you that China needs Taiwan as a working leading manufacturer of microelectronics, and any forceful solution to this "issue" will lead to the total destruction of Taiwan's unique economic sector.
If you ask me, I believe it will be China who will start bending over. China's economy is currently in a worse than expected state after the COVID-19 restrictions were lifted. Some economists/analysts mistakenly projected that the Chinese people will start spending most of their savings in goods and services after lockdowns, BUT they were obviously very wrong. They later found out that Chinese consumers are not like American consumers because Asians have more tendencies to save than the people living in the United States.
I already posted about the possble recession coming in the U.S. and Europe because of QT, which will hurt China more because the U.S. and its allies are the biggest importers of Chinese goods.
I absolutely agree with you. The reason is the really difficult situation of the Chinese economy. And while "for the public" there is a "war with the West," at the government level China is well aware that confrontation and mutual restrictions will cause China to lose. The West has learned to adapt and is ready for some "inconveniences" associated with the transition processes, but they are well aware that China will have to go "to bow" to the Western world - without this market China's economy will fall even more.
Let's just say that China benefits from partnership with the West and does not benefit from severing ties. The West can live without China.
Take for example their new "scarecrow" - restrictions on the supply of rare earth metals germanium and gallium. But today they were told by TSMC that there will be no problem with chip production. I started to look into the issue - it turns out that China is not an exclusive supplier, it's just the cheapest supplier. And these metals are mined in other countries:
Gallium - Japan, South Korea, Ukraine
Germanium - Canada, Belgium, USA