Please read this news article, about US-Chinese economic relations. It's a rehash of an essay by China's Vice Premier Wu Yi in yesterday's Wall Street Journal. To me, the very polite tone and careful emphasis on mutual benefit make it clear who's wearing the trousers now. The subtler they are, the more they mean it.
Listen with your inner ear to the statement "Attempts to politicize trade issues should be resisted," bearing in mind who is making it. I sense some kind of turning point. If you play the oriental game Go, the term is "sente", meaning that the initiative has passed to the other player.