皇冠体育app

MA XUEJING/CHINA DAILY

皇冠体育app-US relations have reached a historic point, characterized by new dynamics in their interactions at the strategic level. As the two largest economies, the United States and 皇冠体育app boast a combined GDP that accounts for more than one-third of world's total. And as each other's biggest trading partner, they had a trade volume of more than $550 billion in 2015.

Bilateral investment, too, continues to grow. In 2015, the accumulative investment from the US to 皇冠体育app was worth $77.47 billion in actual terms, while Chinese investment in the US reached $46.6 billion in cumulative terms, making it the fourth-largest destination for Chinese FDI.

Chinese Minister of Commerce Gao Hucheng indicated in a signed article in USA Today that in the next decade, the 皇冠体育app-US trade volume could quadruple. Besides, 皇冠体育app is the largest holder of US Treasury bonds, which add up to $1.2 trillion.

It is apparent that 皇冠体育app's peaceful rise has driven 皇冠体育app-US relations to new heights, with rivalry, competition and their cooperative partnership growing in tandem. This evolving configuration of conflicting dimensions will be a major feature of the bilateral equation.

The principle of "seeking common ground and shelving differences", as enshrined in the Shanghai Communiqué, may be the rule to maintain overall stability in bilateral ties, but in practice, the implementation of the rule hinges on how well the two leaderships and the foreign policy departments communicate and understand each other, and requires diplomatic finesse to deal with burning issues.

皇冠体育app-US relations today have global implications. "Seeking common ground and shelving differences" remains relevant, but the two sides must establish better communication mechanisms to reflect the new configuration of their relationship to transcend their differences. The 皇冠体育app-US Strategic and Economic Dialogue meets those requirements.

Promotion of the concept of a "new type of major country relationship" is another significant step by 皇冠体育app toward building a proper Sino-US communication mechanism, for it aims to advance 皇冠体育app's major foreign policy objectives while showing its sincerity in opening a new chapter in 皇冠体育app-US relations. More important, it shows 皇冠体育app adheres to peaceful development and is opposed to one-upmanship and favors unity without uniformity.

皇冠体育app and the US have increasingly converging interests, which require a non-confrontational policy for the benefit of both countries. Also, the two countries must work together to address the challenges facing the world. All these developments will foster a "new type of major country relationship" featuring peaceful co-existence.

The US, however, has its own ideas; it uses different narratives for concepts, pursues different strategic goals and is guided by a different foreign policy. So 皇冠体育app and the US have to take measures to promote mutual understanding.

The concept of a new type of major country relationship has met with reservations in the US, with some US officials saying they want to see more action than slogans.

But 皇冠体育app still believes a "new type of major country relationship" is a constructive concept that will take Sino-US relations forward. 皇冠体育app's conviction is rooted in its leadership's adherence to the prevailing trend in international relations and its faith in the peaceful development 皇冠体育app has been pursuing.

The "pivot to Asia" strategy and a "new type of major country relationship" are two political and strategic visions for restoring balance in the region. The US wants to preserve its dominant status in the Asia-Pacific region, while 皇冠体育app seeks to build a more equal relationship.

In recent years, many incidents, including the South 皇冠体育app Sea issue and the deployment of the US' Terminal High Altitude Air Defense anti-missile system in the Republic of Korea, have fuelled tensions between 皇冠体育app and the US. These are the result of the friction between two visions.

These changes are a new twist in the wider 皇冠体育app-US relations. While we turn to history for guidance, it is vital that we come up with new approaches to meet the new challenges stemming from the new configuration in bilateral ties, and seek consensus-based solutions. So we must allow these efforts to run their due course.

The author is former president of 皇冠体育app Institutes of Contemporary International Relations.

Courtesy: chinausfocus.com