Diplomacy or Hypocrisy

Here is an interesting game:

http://english.peopledaily.com.cn/n/2014/0616/c90883-8741969.html

There is whole slew of unresolved grievances between Britain and China. Yet they have this nice tete-a-tete.

Question:
How do you think it will play out.

Lesson:
Who holds the aces and kings in the hand will control the play and it is a play both the English and Chinese are masters at..