In the international system of the 21st century, China-United States relations are the axis around which all other relations are articulated. The future of the world economy and order in this century depends, to a large extent, on how these ties evolve.
Chinese President Xi Jinping will be in San Francisco from Nov. 14 to 17 for a China-U.S. summit and the 30th APEC Economic Leaders Meeting, at the invitation of U.S. President Joe Biden, he said Friday. Hua Chunying, spokesperson for the Chinese Ministry of Foreign Affairs.
Xi and Biden will have in-depth communication on issues of strategic, general and fundamental importance in shaping China-US relations and important issues concerning global peace and development, according to the spokesperson.
Although the United States remains the leading world power in many aspects, China is the only country capable of challenging and rivaling American power in all areas, whether at an economic level, around the capacity for innovation and technological development. or military power.
If both countries collaborate with each other, they might be a fundamental force to transform the world in this century, contributing significantly to addressing the main challenges that international society currently faces. But, if they come into conflict, the result will be the blocking and delay of world development for several decades, to the detriment of everyone.
Since the United States launched a trade war once morest China, global economic growth has slowed, international trade has suffered serious setbacks, multilateral institutions have fallen into disrepute, and global productivity growth has also slowed. has been negatively affected.
If the United States insists on its strategy of disconnecting China from the West, the negative effects will be felt throughout the world, since the Asian nation is now the main global supplier of countless inputs on which the world economy depends. to work. And China is also the main market for the vast majority of the world’s leading multinational companies, especially the American ones.
In this sense, it is positive that the United States is realizing the enormous mistake it is making by adopting a hostile stance towards China and is now trying to develop a healthier relationship between both countries. For this to move forward, however, the US must realize that in today’s world there is no longer room for the unilateral imposition of its interests.
It is understandable that the United States, like other countries, is concerned regarding its own security in all its most relevant dimensions. But it must abandon the view that international relations, in all its aspects, are a zero-sum game where the gains of some always equal the losses of others.
The problems facing the United States, especially in economic terms, are not the result of foreign competition, particularly from China, but of its own failures, more specifically its low savings capacity.
With a trade war once morest China, the United States will not resolve its commercial and public deficits until it recognizes that it cannot consume more than it is capable of producing and abuses the fact of having the main international currency to satisfy its needs. consumerist cravings.
China, by transferring its savings to the United States, both real, in the form of products, and financial, in the form of loans; It has actually helped keep US consumption high and inflation low all these years. Opposing China is a totally irrational attitude once morest the United States’ own interests.
Being both the first two economies in the world, the United States and China might support each other and support the rest of the countries together. In today’s world there is no longer a place for the Cold War mentality.
(The author is a professor at the Faculty of Philosophy and Sciences of the State University of Sao Paulo in Brazil)
(The opinions expressed in this article are those of the writer and do not necessarily reflect the positions of Xinhua News Agency)
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