The “health” of world economy is appreciably defined today by character of trade and economic mutual relations between the two largest economy of the world – American and Chinese. The commercial friction between the USA and China which, from an easy hand of journalists, are named by trade wars can quite immerse the world economy which has not completely recovered yet from recession of 2008 into a new crisis.
These problems have been discussed at the forum “China-US Relations: 40 Years & Beyond”. ORIENT, whose motto «Oriented on making people closer» publishes a fragment of discussion from the forum:
The world promptly changes, the old era of the Chinese-American relations has ended, and there is no way back now. Thus, two countries should work over creation of the best future and new vision of the world.
Chinese Ambassador to the US Cui Tiankai said Tuesday stated at a Vision China event in New York where leading analysts under the Chinese-American relations discussed an issue on how two countries should resolve disagreements and develop the relations further.
Forum “China-US Relations: 40 Years & Beyond” took place on the eve of one more round of negotiations of high level which Beijing and Washington will hold in early October for the decision of the trade issues. Such twelve meetings since February, 2018 have not given a positive result.
The Chinese ambassador at the meeting told: “We have learned from the past four decades that cooperation is the only right option for us,” China’s top envoy to the US said as he delivered the keynote address at a Vision China event in New York. “It is something we should always uphold.”
The point of view of Cui in his speech was supported by Stephen Roach, senior fellow at Yale University’s Jackson Institute of Global Affairs.
“We have a lot of problems in the United States. Unfortunately for us, it is very convenient for us — always when we have problems — to blame them on somebody else,” said the former chief economist at Morgan Stanley and chairman of Morgan Stanley Asia. “We did that with the Japanese 30 years ago, we are doing it again with China,” Roach said.
Speaking at the opening of the forum, Zhou Shuchun, China Daily’s publisher and editor-in-chief, highlighted the importance of the two nations proceeding from what they achieved over the past decades.
“If we could break the ice 40 years ago when there were virtually no exchanges and interaction, then in today’s world of interdependence, with the two countries being each other’s biggest trade partner and main investor, owning very much a piece of each other, there is absolutely no reason for the future to be going against the tracks of history, and the talk of ‘decoupling’ is sheer nonsense,” Zhou said.
Craig Allen, president of the US-China Business Council, recalled the history of China-US business relations. He discussed the first major rebellion of the British North American colonies in 1773, virtually the spark that created the United States of America, in which patriots at the Boston Tea Party, disguised as native Americans, threw tea imported from Fujian into Boston Harbor to protest a new tax that the British colonial government had put on the tea.
The uprising was referenced in America’s Declaration of Independence, its founding document, in which Thomas Jefferson laid out the formal claims for independence when he complained that England’s King George had illegally cut off trade with all parts of the world and “imposed tariffs without our consent”.
“This is interesting and has a relevance even today,” Allen told. Talking about the current trade tensions between China and the US, Allen said he hoped the leaders of the two countries will be inspired by the friendship, cooperation and mutual benefit that has characterized the bilateral relationship in the past.
“We have a glorious history. We have a mutual responsibility to ensure that the success of the past continues into the future,” he said.
In his turn, chairman of Starr Companies, said he believed it’s time for both countries to have a trade agreement.
“If both sides can’t do it, both sides will suffer. I’m convinced of that,” said Greenberg, also vice-chairman of the National Committee on United States-China Relations.
Kenneth Quinn, president of The World Food Prize Foundation, recalled the February 2012 visit by Chinese leader Xi Jinping to Muscatine, Iowa, where Xi talked about and quoted Mark Twain, and about seeing the sun over the Mississippi River.
“To have someone who is a head of state, but of another country, speak about my country that way, was so impactful, so dramatic. It left a very, very deep impression on me,” said Quinn, former US ambassador to Cambodia.
Xu Chen, president and CEO of Bank of China USA, said that while his bank acts on corporate social responsibility by engaging in poverty relief projects in China and helping low-income local communities and small businesses in the US, it’s important for countries to commit to “state social responsibilities”.
“If the US is willing to work together with China for mutual benefits and shoulder ‘state social responsibilities’ on the world stage, I believe that China will gladly work hand-in-hand with the US and jointly promote a more peaceful, stable and prosperous global community,” Xu underlined.
Connie Sweeris, a player behind the ice-breaking “ping-pong diplomacy” of the 1970s, encouraged people to play a part in the relationship, just like she did with sports and cultural exchanges. “We need to be ambassadors for peace,” she said.
The New York event at Asia Society was hosted by China Daily and Bank of China. It was the eighth Vision China since it was launched in 2018. Each has featured global opinion leaders invited to discuss Chinese topics of international significance.
Based on the materials of China Daily, Nury AMANOV