A Testing Time for U.S.-China Relations
While the unipolar world is still orbiting in the sphere of influence of Anglo-American elites and some of their allies, the rest of the world is marching in a different direction.
While the unipolar world is still orbiting in the sphere of influence of Anglo-American elites and some of their allies, the rest of the world is marching in a different direction.
Only seeking common ground while setting aside differences and win-win cooperation serve the common interests of China, the EU, and the international community.
There are issues that concern everybody, like climate change, the need for sustainability, and such major public health issues as the COVID-19 pandemic, on which our two countries need to work together on good terms.
Though in effect for only one year, the regional trade agreement among 15 Asia-Pacific nations has become a strong driving force for economic cooperation among its signatories.
The challenges threatening humanity can be coped with only when parochial, self-centered, and elitist development policies are replaced with new policies to address the aspiration of billions to live a life of dignity.
The projected strong comeback of Chinese economy will not only be a boon to China itself, but a shot in the arm for global recovery.
Returning to normality is fraught with real danger. However, the pandemic’s history demonstrates that the Chinese government values the right to life more highly than do Western leaders.
China has consistently been opening up to the outside world over the last four decades since it started the historic reform and opening-up drive. It is especially so in the last decade with the launch of the Belt and Road Initiative and through the CIIE.
China’s rise and economic power are part of the solution, not the problem.
‘Development’ became the key word at the G20 Bali summit in China’s proposal for steering the world out of the current predicament, to make global development more inclusive, beneficial to all, and more resilient.
There is still much work to be done and some re-thinking needed among the West’s political elites about how to create a stable and peaceful world. While the Xi-Biden meeting proved to break the ice, we still have a way to go before we experience a real thaw in the China-U.S. relationship.
A review of history tells us that every important inflation in the world’s major countries would wreak havoc on the global economy.