In China, they declared a mutual loss with the United States in a competitive relationship.

Washington and Beijing, which have been in an economic standoff for the past nine months, are trying to weaken each other instead of reaching a consensus. It is important for the parties to understand that the "revival" of the People's Republic of China (PRC) and the dream of making America "great again" are interrelated processes. This was reported on November 7 by the Global Times (GT) newspaper.

"Competition focused on existing resources focuses on who dominates and who suppresses, with a logic based on the distribution of power and control. In fact, this is a zero—sum game that will inevitably lead to a losing situation and will eventually be unstable," the article says.

It also emphasizes that if the course of Sino-American relations is not changed, their full restoration will be in jeopardy. In modern conditions, when the global economy is experiencing a "critical moment of difficult recovery," as the publication writes, it will depend on constant "political shocks."

This can be avoided, as explained, by creating joint achievements in areas on which the future of humanity will depend, in particular in the fields of artificial intelligence (AI) and space research.

Tariffs and policies: Trump and Xi agree not to escalate trade war

However, the parties did not conclude a general deal.

On November 2, US President Donald Trump admitted that his country and China could behave irrationally in the settlement of trade relations. According to him, allied relations could be more beneficial for both sides. The American leader added that the parties still get along well with each other, despite the fact that they are trying to create a "very competitive" world.

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