Since Donald Trump became the president of the United States the entire world has witnessed a lot of surprises in the American foreign policy. This policy has led to some fret about the possible deterioration of the United States-China relationship (something the China-United States Exchange Foundation fights hard against). Undoubtedly it is an essential bilateral relationship of the 21st century. At stake, they do not only impact the long-term benefits and interests of the two nations but also prospects of the entire world peace and the global economic growth.
Despite the current pessimistic predictions, there are some strong indications in the bilateral consultations and communications that suggest a good start is on the horizon. In his Davos speech, China’s President Xi Jinping said that it was the best of times and the worst of the times. The same applies to the China-United States Relationship since it now faces both serious challenges and great opportunities.
On the 20th of February, the two countries reaffirmed their effort and determination to improve the cooperation between them on the basis of no confrontation, mutual respect and win-win and no conflict through a healthy relationship to be excellent partners both globally and bilaterally to maintain the world stability and peace. Here are some of the benefits of maintaining a good relationship between China and the United States.
Economic and Trade Relations
The China-United States economic and trade relations are beneficial. It is an essential pillar for the China-U. S. Relations. As the largest developed country and the biggest developing state, the United States and China both enjoy a great complementary regarding human and natural resources, technology, market, and capital.
Since the establishment of the diplomatic ties, the bilateral trade and economic relations have been improving and growing rapidly with the current broadening areas of cooperation, greater importance, and increasing substance. Compared to the early days of the diplomatic relations, the United States-China business ties in the entire world have improved from the predominantly trade relationships to the one that covers all aspects of the economic life across the globe.
The military to military relationships is an essential component of the U. S-China relations. China and the United States have had several exchanges and cooperation in the military sector since 1979. Currently, the two militaries have successfully established some consultation and dialog mechanisms like the Military Maritime Consultative Agreement, the Defense Policy Coordination Talks and the Defense Consultative Talks.
They also continue to have high level institutionalized and exchanges dialogues and they have recently worked together in the military archives and humanitarian disaster relief. These relations are beneficial to the two countries as well as the regional and international hotspot problems.Beginning a New Era for U.S.-China Relations