"Strategic reassurance"?
Hopes have also been raised that Mr Obama and his hosts will make progress towards improving their broader strategic relationship. Some analysts believe that a new strategic framework is in the works that would institutionalise bilateral exchanges of views on contentious strategic issues. The key concept of the new mechanism would be mutual "strategic reassurance", which would require US concessions on Taiwan and Tibet in exchange for greater Chinese military transparency.
At present, however, the chances of any such development are slim. Military-to-military relations remain the weakest link in bilateral ties, and China's rapid arms build-up—albeit from a low base—is a major source of tension. Ultimately, the two countries share many economic interests but few political values. Despite the best efforts of Mr Obama and his Chinese hosts, this will continue to be a recipe for deepening co-dependence combined with an inability to overcome the barriers to mutual trust.
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