US-China Economic Relations: Win-Lose or Win-Win? SIIA Chairman Simon Tay says that the bilateral equation is changing.
“At the end of the day, both sides are grappling the fact that we’ve reached a Mexican stand-off, one side cannot dictate to the other, neither can. America is certainly ahead in the macro [economic] terms,” Tay said. “But it can’t do everything at once and just stomp the table and get China to fall in line. I think this year is the year that it has to recognize that.”