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Helps Relations – BITAccepting BIT helps China-US relations- economic and investment cooperationJianmin 16 (Wu Jianmin, Former President of China Foreign Affairs University, 3-31-2016, "Here's What's on the Table for the China-U.S. Relationship This Year," Huffington Post, http://www.huffingtonpost.com/wu-jianmin/china-us-relationship-2016_b_9568060.html) The year 2016 is a very sensitive year for the China-U.S. relationship, because this is the election year in the U.S.. The presidential candidates may have a big mouth and say whatever they deem helpful to their campaign. Other sensitive issues include U.S. arms sales to Taiwan and the Democratic Progressive Party’s victory in the election in Taiwan. How to best manage the China-U.S. relationship is a major challenge to both China and the U.S.. There are two competing agendas in the relationship: cooperation and friction. If the cooperation agenda fails to move forward, the friction agenda may take over. That would be a very bad scenario. Given the importance of China-U.S. relations to world peace and development, this scenario would be bad not only for our two countries, but also for the whole world. Therefore, to advance the cooperation agenda is the best way to manage the China-U.S. relationship. To advance the cooperation agenda, we have first to identify the convergent interests between China and the U.S.. In 2016, what is the most important convergent interest between the two countries? Economy. If you read Premier Li Keqiang’s government work report and watch the U.S. economic performance in the 4th quarter of 2015, you can see that economic growth tops the agenda of both the Chinese and American governments. On Jan 27, when President Xi Jinping met with Secretary of State John Kerry in Beijing, Xi pointed out: “I’ve emphasized several times, when China and U.S. strengthen cooperation, we can do big things for the benefit of the world.” President Xi is right. Look at the Paris Climate Change Agreement, the Iranian nuclear deal and the U.N. Security Council’s resolution on North Korea — China-U.S. cooperation played a pivotal role in each. Sluggish economic growth is a major issue facing both China and the U.S., as well as the rest of the world. If we want to give a strong boost to economic growth, we must, first of all, further grow China-U.S. cooperation. What can China and the U.S. do in this area? Two things come to my mind: 1. To speed up and conclude BIT negotiation. China and the U.S. are negotiating a bilateral investment treaty. If concluded, this treaty will be another milestone in China-U.S. economic cooperation, taking our economic cooperation to a higher stage. Chinese companies, both public and private, are going global. The U.S. is one of their most coveted investment markets. The Chinese economy is going through a restructuring process. To fix the problem of pollution and upgrade the Chinese industry, American companies can do a lot in China. BIT will open up a new phase of China-U.S. economic and investment cooperation and give a push to China’s badly needed economic reform. Download 357.18 Kb. Share with your friends:
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