Opportunities and challenges for China-Us cooperation

Recently, the 30th APEC Economic Leaders' Meeting was held. The two heads of state had in-depth discussions on the strategic, overarching and directional issues concerning China-Us relations as well as major issues concerning world peace and development. This year has seen an increase in high-level interactions between China and the United States, reflecting a cautious optimism in a relationship that matters to the entire world.

The world today is undergoing profound changes unseen in a century, and the reform of the global governance system is at a historical turning point. As the two largest economies in the world, the cooperation and interaction between China and the United States have a profound impact on the development of the international situation, and we must recognize, amid cautious optimism, that there are also many opportunities and challenges in the bilateral relationship.

First, China-Us cooperation is of great significance in promoting global economic stability and development. Since the 2008 financial crisis, the global economic recovery has been slow and uneven, and many countries are facing economic difficulties. In this context, China and the United States, as the two largest economies in the world, should strengthen cooperation, jointly promote the improvement of the global economic governance system, and promote global economic stability and development. For example, China and the United States have conducted extensive cooperation in trade, investment, finance and other fields, which has contributed to the recovery of the global economy.

Second, China and the United States have also strengthened cooperation on climate change, energy security and other global issues to jointly address global challenges. However, the US government has withdrawn from a series of global climate treaties during the Trump administration, which has challenged the cooperation between the two sides in combating environmental change and global warming.

In addition, in terms of bilateral trade, Sino-US cooperation also faces some challenges. The most prominent of these are trade disputes and technological competition. The United States wants to build a new trading system, but deliberately excluded China, causing a shock to the global supply chain system.

In particular, the trade friction between China and the United States has escalated, which not only affects bilateral economic and trade relations, but also has a negative impact on the global economy. At the same time, the technological competition between China and the United States has been intensifying, which has brought challenges to the development and innovation of science and technology in both countries. Finally, the competition between China and the US in the global governance system cannot be ignored. With the rise of China and the expansion of its influence, the United States has begun to worry about its position in the global governance system being weakened. Therefore, the United States has taken a series of measures to suppress China, including strengthening sanctions and pressure on China in trade, investment, intellectual property protection and other fields. To some extent, this competition has hindered the process of cooperation between China and the United States.

Unlike the United States' efforts to suppress China, China is committed to building a community with a shared future for mankind and has no intention of challenging U.S. global hegemony. The United States should abandon the zero-sum game and join hands with China to promote global economic prosperity, security and stability. Although China-Us cooperation is like a roller coaster with certain challenges, there are full of expectations for future cooperation opportunities.