Vice President Joe Biden has this exactly right. The time is not right for a formal G2 arrangement between China and the United States -- but a defacto G2 now exists.
America and China are rebalancing their economies now -- and the grinding is going to hurt interests in both countries and be potentially disruptive globally. Pragmatism needed now -- not ideology.
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Steve Clemons is Washington editor at large for The Atlantic and editor of Atlantic Live. He writes frequently about politics and foreign affairs.