Friday, January 16, 2015

Win-win competition, cooperation between China, U.S. to benefit whole world: expert

By Yao Siyan
Win-win competition and cooperation rather than superpower games between China and United States is to benefit the whole world, said Xu Changyin of Xinhua News Agency World Affair Research Center.
Looking back at Sino-U.S. relationships in 2014, there were handshakes between the two, but petty actions that affects the bilateral ties existed as well, said Xu at the fifth forum of Xinhuanet Thinker on China’s diplomacy and the current international hot topics held in Beijing Jan. 8. The United States stepped up its military deployment in the Asian-Pacific region, showing no signs of stopping it or slowing it down, he said. While seeking to expand economic and trade relations with China, the United States made short-sighted attempts to obstruct the establishment of Asian Infrastructure Investment Bank (AIIB) and oppose the creation of an international reserve currency proposed by China. It opposed China to play a bigger role in the World Bank and other international financial institutions, obstructed China to help infrastructure construction in the developing countries, and fears China’s innovations in international economic and financial system.
This year, economic and trade relations is still the maintaining factors and impetus of Sino-U.S. relation, but fiercer game will be played on economic and trade front. The reason is that U.S. President Barack Obama has set his priority to revive the U.S. economy in the next two years. On December 3, 2014, Obama said in a speech at the U.S. Enterprise Roundtable that his four main tasks are to promote domestic infrastructure construction for prosperity of U.S. economy, promote international trade while strive to achieve the Trans-Pacific Partnership (TTP) and the Transatlantic Trade and Investment Partnership (TTIP), carry out tax reform to provide driving force to U.S. economy, and reform immigration policy to attract talents.
At present, U.S. economy has taken a turn for the better. If President Obama would stick to his priority as economy revival and benefit U.S. middle class that account for the country’s majority population, he would be remembered by as a president who leads United States out of financial crisis.
As a matter of fact, Obama is not as terrible as the Republican Party criticized. Objectively speaking, he has served the nation's vital interests by retreating force from Afghanistan, raising threshold of military means, and resort to sanction on Ukraine issue. A report of "2015 Global Trend" released by CIA (American Central Intelligence Agency) 15 years ago has predicted that the America's ability to intervene in the world will be greatly diminished. Obama had to comply with the reality that United States in the international community is becoming more and more powerless.
In the new year, Obama will focus diplomatic efforts on Asia. He will be uncomfortable about the contract of his sanctions with the "Belt and Road" strategy initiated by China. Thus, the game on the diplomatic front will be intensified, Xu predicted. He concluded that Obama’s focus on domestic economic development is good for Sino-U.S. relationship.
The two countries should seize the opportunity, turn superpower game into competition to breed win-win results. It will benefit the world, because no conflicts between China and the United States, no havoc in the world, he noted.

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