Strategic vows for stable bilateral ties
- By Shen Dingli
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E-mail China Daily, September 30, 2015
In the interim, China has to tap its excellence in manufacturing to make its structural reform a complete success and to improve interconnectivity with Asia, especially in infrastructure. China needs to better explain its intents and design a better plan to tap the US' competence in this regard.
While promoting its Trans-Pacific Partnership, Washington, however, should consider meeting the needs of other economies, which still require time to upgrade themselves.
The summit has also advanced a major intended objective: expediting the process of a Sino-US "Bilateral Investment Treaty". With China's growing economic capability, its businesses are now prepared to seek opportunities and invest in the US. This requires the US to remove some unnecessary legal hurdles, which it has set up to apparently safeguard its national security, key technologies and infrastructure.
The summit is a real shot in the arm for BIT talks, which could result in an ever-expanding and mutually beneficial investment and trade partnership.
There are numerous other positive outcomes from this historical visit. Based on the "100,000 Strong" exchange program that China worked out during the first term of US President Barack Obama, China will support 50,000 Chinese and an equal number of American students to study in each other's country during the next three years. And the US is committed to supporting 1 million American students to study Chinese. Such cultural exchanges, as the foundation of the bilateral bond, will eventually lead to a more mutually respectful and stable future.
China-US cooperation on such issues as climate change, nonproliferation, the refugee crisis, defusing regional tensions and clean energy bode well for a "new model of major-country relationship".
All these have to be implemented. Add to that the task of verifying violations of cybersecurity, implementing the comprehensive plan of action on the Iranian nuclear issue, maintaining peace in the South China Sea. This means Beijing and Washington still have a promising though challenging road ahead, which can be covered only through cooperation.
The author is a columnist with China.org.cn. For more information please visit:
http://www.shenbo75.com/opinion/shendingli.htm
Opinion articles reflect the views of their authors, not necessarily those of China.org.cn.
