“The United States has no capabilities or means to change China nor does it have the capabilities and means to contain China,” a China expert said here Tuesday.
In an article titled “The Future of China-U.S. Relations” published in the local Chinese language newspaper, Zheng Yongnian Director of the East Asian Institute of the National University of Singapore, wrote that there would be no winner in the “economic wars” between two deeply interdependent economies.
Zheng said Washington would fail to squeeze Beijing out of the global market if the latter continues to engage in its opening-up policies to the outside world.
“The opening of China’s economy has determined, to a large extent, its connections and relations with the rest of the world. For many years China has stood as the world’s largest trading country, which well proves how close China has been associated with the world,” Zheng said.
He cited the China-proposed Asian Infrastructure Investment Bank and the Belt and Road Initiative as two examples of China’s efforts to strengthen its integration and exchanges with other countries in the world.
“The U.S. efforts to portray China as an ‘enemy’ aren’t successful. Even traditional U.S. allies such as European Union nations and allies in Asia find it hard to deem China as an ‘enemy,’ because China has never posed any threat to them,” Zheng said.
“More importantly, the technological Cold War between China and the United States brings risks, but could also turn out to be an ‘opportunity,’ an opportunity driving China’s technology innovation,” Zheng said.
After several decades of reform and opening-up, China has become the largest technology application market in the world and has the potential to become the biggest innovation market in the world, Zheng said.
As regards the future of the China-U.S. relationship, Zheng said it’s possible to see a “One World, Two Systems” reality, which represents two relatively independent economies existing in one world.