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China, US to Seek Common Interests

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China, US to Seek Common Interests

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With China recently unveiling its new leadership lineup for the next five years and Barack Obama's re-election, people all over the word are wondering what it means for the future of their important relationship?

While no one can say for certain what will transpire. Many experts are predicting the world's two most powerful economies will seek more cooperation and pursue common interests rather than strictly engaging in fierce competition and political conflicts.

"It is almost certain that the Obama administration's China policy will not undergo drastic change in its second term," said Wang Feng, director of the Brookings-Tsinghua Center for Public Policy at China's Tsinghua University.

"Obama's Asia pivot strategy will be extended and implemented in the next four years," Wang said, adding that Washington will also be committed to maintaining domestic economic growth.

Policy continuity has also been stressed on the Chinese side. In his keynote report to the 18th National Congress of the Communist Party of China (CPC), Hu Jintao, the Chinese president, reiterated that the country will improve and grow its relations with developed countries by expanding areas of cooperation and properly addressing differences with them.

"We will strive to establish a new type of relations of long-term stability and sound growth with other major countries," he vowed in the report, which is expected to guide China's domestic and foreign policies in the next five years.

David Shambaugh, a US professor of political science and international affairs at George Washington University, said that for the two governments, the key is to balance competition and cooperation.

"The big challenge for both governments is to manage a competitive relationship and keep it from becoming an adversarial one," in his view.

The US academic believes that both governments and societies need to learn how to manage competition and at the same time try to expand the zone of cooperation.

Other Chinese experts agree that China can rise without the downfall of the United States. In his book "China In 2020: A New Type of Superpower," Chinese economist Hu Angang states the theory China has neither the conditions nor the willingness to replace the United States as the sole leader of the world.

Hu argues that his country will not necessarily have a zero-sum competition with another already existing superpower. He said China's rise will be rooted in the superiorities of its own system, rather than competition with others in natural resources, markets and military power.

That’s it for today. Stay tuned for the next weeks post. Source: ChinaDaily.com

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