by Ding Gang
BEIJING, July 28 -- The first round of the
China-U.S. Economic and Strategic Dialogue, an extension of the economic talks
that began under the administration of President George W. Bush, is set for July
27-28 in Washington D.C.
The strategic track of the dialogue is co-chaired by Chinese
Vice Premier Wang Qishan, as special representative of President Hu
Jintao, and State Councilor Dai Bingguo from the Chinese side and, for the
American side, by U.S. Secretary of State Hillary Clinton, special
representative of U.S. President Barack Obama, and Secretary of the Treasury
Timothy Geithner. The main themes of the two-day strategic talks include
Sino-U.S. relations, and issues of international, regional and global
The current talks have been arresting a wide-ranging
global attention. An important feature of the China-U.S. relations in recent
years is that its impact worldwide is more significant than in the past and that
new issues have been continuously included to bring changes to bilateral ties.
Obviously, the reality and future of bilateral ties cannot be steered if they
are considered and observed merely from the bilateral angel.
In the past two decades, the strategic ties between
the U.S. and China have been turned into the relations aimed to spur global
stability and development from a kind of ordinary bilateral ties, said a U.S.
scholar on China, David Lampton, noting that the multilateral and global effect
of Sino-U.S. relations has become all the more outstanding or protruding, and
particularly since the outbreak of the global financial crisis in 2008.
In this big perspective, China and the United States
have been raising and improving the levels and mechanisms for dialogue and
enhancing their cooperation to jointly cope with the crisis. This not only
conforms to the interests of both China and the U.S. but helps to promote peace,
stability and prosperity in the Asia-Pacific region and the world at large.
At present, the world economic recovery continues to
face grin challenges. It would undoubtedly send forth a positive,
"helping-each-other-out" signal for both China and the U.S., the two most
important members of the global trading setup, to strengthen their
policy-related dialogue and make bilateral trade ties and structure more
As far as the Sino-U.S. relations are concerned, what
more crucial in the years to come may be how to make the two great powers shape
a basic framework for mutual induction, consultation and cooperation.
Discussing its annual report on the world trade prior
to the current China-U.S. strategic and economic talks, the World Trade
Organization (WTO) predicted that China is expected to overtake Germany as the
world's biggest exporter this year. Meanwhile, vigorous Asia economies show that
Asia would lead other regions in the recovery of global trade. And changes in
global wealth and economic power have also spurred the two great nations to set
up new bilateral communication and dialogue mechanisms.
With the emergence of China, India and other emerging
countries, a global multilateral setup is currently taking shape, according to
the U.S. National Intelligence Council. "The unprecedented global shift in
relative strength and economic power from the West to East now under way will
continue." Although the U.S. remains the most powerful nation in the world, its
right of disposal, however, is not as strong as before.
In the American academic field, the voice of
discussing whether China will emerge has dimmed, whereas the voice of how to
deal with the nation has been on steady rise. If China is able to phase out the
current financial crisis as quickly as possible and be less affected than other
major powers, acknowledge an increasing number of American scholars, the country
will greatly enhance its comprehensive national strength.
To view Sino-U.S. ties from this angel, the
challenges confronting both sides would be in fact in a new balance, and it
indicates that both nations are striving to seek a new balance. The goal is
naturally still distant but the launching of Sino-U.S. strategic economic
dialogue has been unprecedented. It precisely shows both countries are working
hard to explore a new path for increasing mutual trust and that such an endeavor
will surely help promote the strategic mutual trust and long-term cooperation.
(Source: People's Daily)
Special Report: First Round Sino-U.S. Strategic and Economic