Con­vince world about China’s peace­ful rise

China Daily (Latin America Weekly) - - Views -

en­gage­ment to con­tain­ment. The trade sanc­tions and de facto tech­no­log­i­cal em­bargo are at­tempts to slow Chi­nese eco­nomic growth.

It is still not cer­tain whether US at­tempts to con­tain China will work. When one looks at the tra­jec­tory of China’s eco­nomic and

Both coun­tries’ tra­jec­to­ries were based more on a do­mes­tic build-up in hu­man and phys­i­cal cap­i­tal, with their vast lo­cal mar­kets pro­vid­ing the nat­u­ral shield from the va­garies of in­ter­na­tional trade. Great Bri­tain failed to con­tain the US at that time. It’s doubt­ful whether Wash­ing­ton can suc­ceed now with Bei­jing given that China’s in­ter­na­tional in­flu­ence is now so per­va­sive. A good in­di­ca­tor is that China now sup­plies the most sig­nif­i­cant num­ber of sol­diers to the UN Peace­keep­ing Force among all per­ma­nent UN Se­cu­rity Coun­cil mem­bers.

News that Chi­nese Vice-Premier Liu He and US Trea­sury Sec­re­tary Steven Mnuchin are en­gaged in talks to re­solve their dif­fer­ences has some­how calmed the mar­ket. It is be­lieved that the cur­rent US poli­cies re­flect more the gut re­ac­tions of Trump and not a na­tional con­sen­sus. The mid-term US elec­tion in Novem­ber will likely force a de­ci­sion on what di­rec­tion Wash­ing­ton will take vis-à-vis its trade pol­icy.

In the cur­rent febrile Amer­i­can po­lit­i­cal at­mos­phere, China should take care not to in­ad­ver­tently

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