Sino-US economic and trade relations show three new characteristics

Undoubtedly, the upcoming first round of China-US strategic and economic dialogue will become a landmark event in the history of Sino-US economic and trade relations. Under the background of the 30th anniversary of the establishment of diplomatic relations between China and the United States, the international financial crisis, and the more severe recession of the world economy since the 1930s, this round of dialogue has brought about new features in Sino-US economic and trade relations.

In the forefront, the US has paid more attention to US-China economic and trade relations. Lawrence Summers, chairman of the White House National Economic Council and Obama’s chief economic adviser, recently stressed that China is an important “stakeholder” and that strengthening cooperation with China is in the interest of the United States.

The visiting scholar of the Carnegie Endowment for International Peace and former US Treasury Secretary-General Teya Smith told reporters that the Obama administration has determined from the outset that China and the United States should maintain a high-standard dialogue mechanism and use China as a partner. This is self-evident about the significance of Sino-US relations.

Second, the scope of the dialogue is broader. Thanks to the integration of two high-level dialogue mechanisms in the past, the new dialogue has become a more comprehensive and extensive communication mechanism between China and the United States. Ms. Smith told reporters that in such a high-level dialogue, there is almost no topic that cannot be discussed.

From the perspective of economic dialogue, the topic of this round of dialogue is both about reality and the future. It has both concrete measures to deal with the crisis and strategic considerations for the future.

In this economic dialogue on the theme of "Consolidation of confidence to restore economic growth and strengthen Sino-US economic cooperation," the two sides will cooperate to cope with the international financial crisis as the main line, on anti-financial crisis policy measures, sustainable economic growth, financial system reform, Exchange of views on major economic and financial issues such as trade and investment cooperation. All major issues in the economic field that China and the United States are concerned about will be involved.

Third, the focus is more global and strategic. As a larger developing country and a larger developed country, this dialogue between China and the United States is more global in its significance to the world economy.

Oliver Blanchard, chief economist of the International Monetary Fund, recently published an article saying that Sino-US cooperation is crucial to the global economic recovery.

Tang Anzhu, director of the China Project at Nixon Center in the United States, told reporters that compared with the Chinese-US Joint Commission on Commerce and Trade, the key word for strategic and economic dialogue is strategic. This platform is to resolve the long-term concerns of each other. Strategic issues.

The economic and trade relations between China and the United States are highly complementary, with a solid foundation for cooperation and rapid development. They have formed a pattern of mutual dependence, mutual benefit and common development. At present, China and the United States are each other's second largest trading partners. China is the third largest export market for the United States and the United States is China's second largest export market. In 2008, the bilateral trade volume between China and the United States reached 333.7 billion U.S. dollars, an increase of more than 130 times compared with the beginning of the establishment of diplomatic relations between the two countries. Zhou Wenzhong, Chinese ambassador to the United States, said that from developing mutually beneficial and win-win economic and trade relations to coping with increasing global challenges, the relationship between the two countries has become a world-rich bilateral relationship with more vitality, more important influence and more development potential. First, it has effectively promoted world peace and development.

Many American experts interviewed by the reporter believe that since this dialogue is the first large-scale and all-round dialogue between the Obama administration and the Chinese government, it cannot be expected that a dialogue can achieve a large number of concrete substantive results. However, the establishment of a good communication mechanism and working relationship between the two governments and the enhancement of political mutual trust will surely lay a good foundation for the development of Sino-US economic and trade relations during the Obama administration and in the future.

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