The sixth China International Import Expo (CIIE) is currently underway in Shanghai from November 5 to 10, marking a significant moment in China-U.S. relations. For the first time, the United States has dispatched its highest-level delegation to participate in the event, signaling a hopeful turn amid global uncertainties.
Analysts view this unprecedented participation as a positive indicator for the future of China-U.S. relations. The collaboration at CIIE serves as a beacon of hope, suggesting that both nations recognize the importance of working together to foster global stability and prosperity.
China's development has brought substantial benefits not only to its residents but also to the global community. To highlight these achievements, CGTN and the China Institute for Innovation and Development Strategy (CIIDS) have launched the \"Chinese modernization: Sharing prosperity\" series. In the latest episode, Lawrence H. Summers, former U.S. Treasury Secretary, shares his insights on the positive impacts of China's growth.
Summers emphasizes the crucial role that the economic interactions between the United States and China play in shaping the world's future. He envisions scenarios where both economies flourish, leading to global prosperity. Conversely, he warns of the potential conflicts and setbacks that could arise if either economy faces significant challenges independently.
According to Summers, the most favorable outcomes occur when the United States and China engage in a positive-sum game, where collaboration leads to mutual benefits and enhances global well-being. This perspective underscores the importance of maintaining strong economic ties and working in unison to address shared global challenges.
As the CIIE continues, all eyes are on the developments between these two economic powerhouses. The hope is that their unified efforts will set a precedent for international cooperation, ensuring a stable and prosperous future for the world.
Reference(s):
U.S. and China need to be 'rowing in unison' in same lifeboat
cgtn.com
