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[Wang Qishan appears likely to] play a leading role in overseeing U.S.-China relations. ... Wang will operate at a more strategic level, in theory to help keep the relationship from going off of the rails. ... [However,] Trump really values being the person in the cockpit steering U.S.-China relations. ... So I think Wang Qishan’s impact on the relationship remains an open question.
I expect U.S.-China relations to grow more competitive in the coming months. ... There will be fewer areas of cooperation to counterbalance areas of friction.