China-US relations, the elephant in the room, will shape Asia's fortunes next year and beyond. While the 90-day trade truce between the US and China may suggest that relations are thawing, finding a mutually agreeable solution will not be easy.
We fully expect China-US relations to get more complex and challenging in the years ahead, as the rivalry extends beyond trade and investment to differences over rules of the game, values and governance models.
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