Charles Horner on Reorganizing Asiabr Hudson Institute - The Hudson Institutebr In Dr. Wolf's view, one should assess US-China relations as a balance sheet with both positive and negative entries -- respectively representing convergent and divergent interests, assets, and liabilities -- on the two sides of the ledger.Entries include security, political, and economic dimensions.Depending on weights attached to the entries, one can arrive at a net positive or negative bottom-line.