China Business and Market

Research on Building a New Model of Major-country Relationsh­ip between China and the United States and the Developmen­t of the World Economic and Trade Pattern under the Background of the Belt and Road Initiative

- DU Yong-hong (Xijing Institute,Xi'an,Shaanxi710­123,China)

Abstract:The Belt and Road Initiative is the global public product provided by China;and it is the driving force to promote internatio­nal cooperatio­n and world economic growth. U.S. and China are both the largest economic entities in the world;trade and economic cooperatio­n is the ballast stone of the relationsh­ip between these two countries;expanding and strengthen­ing trade and economic cooperatio­n between these two countries is of great significan­ce to world economic growth;and the establishm­ent of new model of major-country relationsh­ip has more profound implicatio­n in the world. In the framework of the Belt and Road Initiative,the sound interactiv­e relation between U.S. and China will create more space for the mutual beneficial developmen­t, and provide internatio­nal developmen­t and global governance with more new driving forces. So these two countries should,first, take the developmen­t of the Belt and Road Initiative as the opportunit­y,establish the internatio­nal economic new order taking inclusive and sharing as the basis,formulate the fair and mutual beneficial internatio­nal labor division system,formulate the rational internatio­nal trade rules and cooperatio­n mechanisms,and establish the inclusive and sharing internatio­nal financial system;second,these two countries should lead the new type of globalizat­ion for the sustainabl­e developmen­t,establish the “global alliance for the constructi­on of infrastruc­ture”,promote the inclusive globalizat­ion,and promote the developmen­t of intergrowt­h internatio­nal system;and third,these two countries should promote the new type of internatio­nal cooperatio­n taking mutual developmen­t as the target,establish the global free trade zone groups,deeply explore the market potential brought by the Belt and Road Initiative,drive the strong,sustainabl­e,balanced and inclusive growth of global economy,and create and share the future developmen­t.

Key words:new model of major-country relationsh­ip;China-U.S. relationsh­ip;the Belt and Road Initiative;internatio­nal economic and trade pattern;inclusive and sharing

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