Kent Calder: China’s Role as Global Sta­bi­lizer

The U.S. ex­pert on East Asian stud­ies be­lieves that the con­cept of a com­mu­nity with a shared fu­ture for mankind demon­strates Chi­nese wis­dom in ad­dress­ing global chal­lenges.

China Pictorial (English) - - Contents - Text by Hu Zhoumeng

“An open trad­ing sys­tem is key to global pros­per­ity,” re­marked Kent Calder, di­rec­tor of the Ed­win O. Reis­chauer Cen­ter for East Asian Stud­ies at Johns Hopkins Univer­sity, at the an­nual con­fer­ence of the Boao Fo­rum for Asia (BFA) on April 8, 2018.

Cur­rent ten­sions in China-u.s. trade have cre­ated greater risk to the world econ­omy than Ja­pan-u.s. trade con­flicts in the 1990s be­cause of the wider trade im­bal­ance and stronger in­ter­de­pen­dency be­tween the two economies, Calder noted.

He ex­pressed an­tic­i­pa­tion that the two coun­tries would con­duct in­ten­sive ne­go­ti­a­tions in the com­ing months, adding that both China and the U.S. could change and mod­ify their poli­cies.

“No citizen in any coun­try would want a trade war, nor would the multi­na­tional cor­po­ra­tions,” said Calder. “An open trad­ing sys­tem is im­por­tant for both China and the U.S., the world’s two largest traders.”

Amid ten­sions and risks fac­ing the world econ­omy, global trade and fi­nan­cial sys­tems need a sta­bi­lizer. “Ev­ery sys­tem needs a sta­bi­lizer,” Calder stressed. “China’s role as a po­ten­tial sta­bi­lizer in the global sys­tem is very im­por­tant.”

Calder noted that China, a firm sup­porter of free trade and in­vest­ment, has been fa­cil­i­tat­ing in­ter­na­tional trade and in­vest­ment

with its open­ing-up poli­cies, stand­ing against pro­tec­tion­ism in any form.

“China is step­ping into the role of a sta­bi­lizer,” Calder said. “It is sig­nif­i­cant in terms of pro­tect­ing the fab­ric of an open trad­ing sys­tem.”

This year’s BFA an­nual con­fer­ence was themed “An Open and In­no­va­tive Asia for a World of Greater Pros­per­ity.” Dur­ing the four-day con­fer­ence that ended on April 11, in­no­va­tion, like open­ness, was at the cen­ter of dis­cus­sions by over 2,000 guests from 63 coun­tries and re­gions in­clud­ing po­lit­i­cal lead­ers, busi­ness ti­tans and aca­demics.

Calder re­marked that tech­no­log­i­cal in­no­va­tion is crit­i­cal for all economies as it is for Asian economies, and mul­ti­lat­eral co­op­er­a­tion should be pro­moted to ad­vance tech­no­log­i­cal in­no­va­tion. He added that those who seize the op­por­tu­nity to in­no­vate will in­crease their global com­pet­i­tive­ness.

On April 10, Chi­nese Pres­i­dent Xi Jin­ping de­liv­ered a keynote speech at the open­ing cer­e­mony of the BFA an­nual con­fer­ence, which Calder at­tended. Xi called for peo­ple around the world to work to­gether to build a com­mu­nity with a shared fu­ture for mankind and make Asia and the world peace­ful, tran­quil, pros­per­ous, open and beau­ti­ful.

Pres­i­dent Xi is a global leader who cares not just for the fu­ture of China but for the whole world, said Calder. Ac­cord­ing to him, the con­cept of a com­mu­nity with a shared fu­ture for mankind demon­strates Chi­nese wis­dom in ad­dress­ing global chal­lenges.

April 17, 2018: Exhibition of home ap­pli­ances at the 123rd China Im­port and Ex­port Fair (Can­ton Fair). The fair fea­tured more than 60,000 exhibition booths and at­tracted over 25,000 com­pa­nies from home and abroad to show­case their prod­ucts and...

April 8, 2018: Kent Calder, di­rec­tor of the Ed­win O. Reis­chauer Cen­ter for East Asian Stud­ies at Johns Hopkins Univer­sity, meets the press at the an­nual con­fer­ence of the Boao Fo­rum for Asia (BFA) in Boao, south­ern China’s Hainan Prov­ince. by Chen Ye

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