Will we recover, unbridle ourselves of debt, innovate, pay for our national security? Or, is China fated to become number one, leaving us to live in a Chinese world?

The United States needed to address its persistent current account deficits and excessive consumption; China needed to address its ballooning foreign exchange reserves and excessive dependence on exports.

What matters for China is not whether Westerners believe the system is cracking. The question is: How do the Chinese view their own system?

The only leverage the U.S. had was to cancel the summit as soon as it learned that China was going back on its word.

We are not in a cold war with China. That is too simple a metaphor to describe the state of Sino-American relations.

The Obama administration is going all out to attract Chinese companies to invest in the U.S., but at the same time, it has rebuffed the efforts of the Chinese telecoms giant Huawei to obtain contracts with major U.S. Internet providers or to take over U.S. telecom companies. At this event, a panel of experts will analyze the issues from both an economic and a security perspective.

As China grows less predictable and the United States less willing to shoulder its responsibilities, familiar patterns of bilateral relations must change.

As Secretary of State Hillary Clinton heads to China this week for yearly strategic consultations, a daring bid for political asylum has highlighted the seething dissent beneath China’s surface stability.