NEW SILK ROAD INSTITUTE
G20 and USA-China Relationship
Today (June 29th), the Xi-Trump meeting in G20, Osaka, Japan became the focus of the world, affecting both the global political and business circles. The a-year-long Sino-US trade negotiation has not only cast a "white horror" on Sino-US trade and the world economy, but also has pinned the entire world's industrial value chain. Liberalism and government intervention into the economy are intertwined to play around in both the East and West.
This Xi-Trump meeting, although with the announcement of Trump that USA will not continue to increase tariffs on Chinese products, and agreed to continue negotiations and allow US technology giants to continue to supply Huawei, but in fact in my views this is just only a break during this white horror movie. It was also Trump’s move to win votes for his American people in his 2020 election and to inject a life-saving needle into the big American companies. However, it is worthy of China's vigilance that this wave of suppression of China's manufacturing, China's economy and China's development in science and technology has no longer driven by the view of Trump, but has quietly developed into the only consensus theme of the two parties of the United States.
This century's drama, let's put it in this way, firstly, shouldn't be the contest between the dead and live within the big countries' game, because it will hurt both sides incl. self and others. This would be the worst result in the game. Secondly, there has no absolute liberalism and market economy, and there is no absolute planned economy and government intervened economy. What we have learned in textbooks cannot completely interpret the reality. The comparison between capitalism and socialism is not about I am good and you are bad, not about I live and you die, but is about whether we can learn from each other and create a common market-social theory system together.
Of course, to put it bluntly, the actual situation is that the interpretation of power in universal values in historical political humanity has been biased used. It is very likely and hopeful that the power of science and technology and the correct universal cognition will break such a political mistakes and solve the difficult situation in the political and economic game.
The marathon of the Sino-US game has just begun. The evolution of Sino-US relations will continue to ferment and fuel the restructuring of the world. Such a refuelling might hurt you and me in the short term, but from a long historical perspective, such a "mess" will transform to a positive force to help us reflect our past, present and future.
by Dr. Ying Zhang