In recent years, the China-U.S. relationship has experienced its most difficult strains since the establishment of diplomatic ties, and now stands at a critical juncture. Some people in the U.S. have cast China as a strategic adversary or even an enemy. This is a serious strategic misjudgment detrimental not only to Chinese and American interests, but also to world peace and development.
Some in the U.S. have pushed for economic blockade and sanctions against China, or "decoupling" from China. But the truth is our two economies are closely intertwined and one's success constitutes an opportunity rather than a threat to the other.
The U.S. trade deficit with China arises from differences of the two countries' economic structures and the simple fact that the U.S. consumes more than it produces. Study by U.S.-China Business Council and AmCham China found that trade with China has promoted U.S. economic growth, employment and international competitiveness, and most of the American businesses in China plan to increase investment in the country.
The trade war, however, has cost the U.S. economy 250,000 jobs and $108 billion in lost GDP, and cost each American household $675. There is no winner in a trade war, and decoupling will only make both sides losers.
Some have been playing up the so-called "China threat," accusing China of challenging the international order. This does not square with the facts.
China always maintains that global affairs be handled by all countries together through consultation and that state-to-state disputes be settled through dialogue and negotiation.
Since the founding of the People's Republic, China has never provoked a single war or occupied a single inch of foreign territory. Nor has it ever sailed warships or flown warplanes to others' doorsteps for the so-called "freedom of navigation." China has no intention to displace anyone or to compete with any country for supremacy. It never means to be the U.S. enemy, and has no "grand strategy" to weaken or displace the U.S. Nor has it ever eaten the American lunch.
Since its accession to the WTO in 2001, China has actively promoted international trade liberalization and facilitation, and made great contributions to the global recovery from the 2008 financial crisis.