On September 13, 2010, Huanqiu, China’s official website, published an article stating that the financial crisis has ended the United States’ foreign expansion cycle and opened a new stage in its strategic contraction cycle. The contraction of the U.S. foreign policy has created the conditions for China to raise its international status. China is thus able to fully take advantage of the “dividends” brought by such a contraction to sustain and move forward China’s moderation, while elevating China’s international status.
“The United States is ‘the only country that can pressure China and cause substantial damage to China’s national security and internal stability.’ Therefore, seeking China-US cooperation is the highest priority on China’s foreign policy agenda. … China should stick to the policy of cooperating and fighting with the U.S. at the same time. It should fight only to the point of not breaking up the relationship.”
Source: Huanqiu, September 13, 2010