The World: A Dilemma for the U.S.

THE U.S. has expended a fair amount of political capital in its effort to wheedle, cajole or otherwise secure support for its "Two China" policy. Yet that policy is ridiculed not only by the U.S.'s foes and even some of its allies, but also by the two Chinas themselves —each of which claims, for the record at least, to be the one and only legitimate government of China.

Would it be better, as critics like former State Department Under Secretary George Ball contend, just to get the agony over with quickly by quitting the...

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