6 China’s Giant History in Brief6 China’s Giant History in Brief8 China’s Giant History in Brief8 China’s Giant History in BriefChina’s Giant History in BriefChapter 6: The Big Cycle of China and Its Currency2020-10-09Journal8 China’s Giant History in Brief6 China’s Giant History in BriefFor example, in a meeting with Liu He soon after he had his first negotiation session with President Trump, he conveyed his concerns about the possibility of US-China conflict.  Liu He is Vice Premier of China responsible for economic policy and also a member of the Politburo.  We have known each other for many years, during which we have had informal conversations about the Chinese and world economies and markets.  Over those years we came to develop a friendship.  He is a very skilled, wise, humble, and likable man.  He explained that going into his meeting with Trump, he was concerned about how it would go, not because of the trade negotiations, which he was confident didn’t have any issues that couldn’t be worked out, but because he was concerned about the worst-case scenario where tit-for-tat escalations could get out of control and lead to more serious consequences.  He referred to history and gave a personal story of his father to convey his perspective that wars were so harmful and the damage could be worse if we had another war today.  He focused on the World War I example.  We exchanged views on long-term cycles in history and his belief in the concept of a community with a shared future for humankind.  He talked about reading the Tao Te Ching by Lao Tzu and Critique of Pure Reason by Immanuel Kant, and how he realized that he should do his best, and then the outcomes would take their course.  From there he gained his calmness.  I told him that I shared that perspective.  I told him about the “Serenity Prayer” and suggested meditation to him as a way of helping to obtain that perspective. Continue reading…