CHINAMacroReporter

'China rejects 'strategic competition' and calls on US to cooperate'

Cooperation or 'Strategic Competition'?

‘China wants cooperation, not strategic competition, the Foreign Ministry said Tuesday, a day after the White House said it was looking to form a "new approach" toward China.’
by

|

Nikkei Asian Review

January 27, 2021
'China rejects 'strategic competition' and calls on US to cooperate'

‘China wants cooperation, not strategic competition.’

‘China wants cooperation, not strategic competition, the Foreign Ministry said Tuesday, a day after the White House said it was looking to form a "new approach" toward China.’

  • ‘ "Over the past few years, the Trump administration went in a very wrong direction. They regarded China as a 'strategic competitor' and even a 'threat,' and thus took erroneous actions that interfered in China's internal affairs and undermined China's interests," Zhao Lijian, the Ministry of Foreign Affairs spokesperson, said during a regular news briefing.’
  • ‘ "As two major countries, China and the United States have broad common interests and shoulder special, major responsibilities in safeguarding world peace and stability, and in promoting global development and prosperity," he said.
  • ‘ "Both countries stand to gain from cooperation and lose from confrontation. Cooperation is the only right choice for both," he stressed.’

‘Zhao's stance echoes the "new type of great power relations" that Beijing was trying to sell to Washington during the era of former President Barack Obama.’

  • ‘In a meeting with Obama at the Sunnylands Resort in California in 2013, President Xi Jinping described the three main concepts as: no conflict or confrontation, and treating each other's strategic intentions objectively; mutual respect, including for each other's core interests and major concerns; and mutually beneficial cooperation, by abandoning the zero-sum game mentality and advancing areas of mutual interest.’

‘ "We hope the new U.S. administration will learn from the Trump administration's lessons where they carried out the wrong policies on China," Zhao said.’

  • ‘ "We hope the new administration will view China and China-U.S. relations in an objective and rational manner, implement China policies that are positive and constructive." ’
  • ‘Zhao went on to say that he hopes Washington will "meet with China half way, focus on cooperation, manage differences, and bring China-U.S. relations back on the right track of sound and stable development." ’

‘The comments stand in contrast to the relationship described by White House press secretary Jen Psaki in Monday's press briefing.’

  • ‘ "We're in a serious competition with China. Strategic competition with China is a defining feature of the 21st century," Psaki said, criticizing China for engaging in conduct that "hurts American workers, blunts our technological edge, and threatens our alliances and our influence in international organizations." ’
  • ‘She called for a "new approach" with China, but that the administration of President Joe Biden will approach the issue "with some strategic patience," citing the need to discuss the path going forward with bipartisan members of Congress.’

‘The term "strategic patience," which Psaki mentioned in her Monday briefing, was used by the Obama administration in its policy toward North Korea.’

  • ‘It referred to not negotiating with the regime unless it takes concrete steps toward dismantling its nuclear arsenal.’

‘However, the strategy ended up granting time to North Korea to further develop nuclear weapons.’

  • ‘Biden served as vice president under Obama, and Psaki was the spokesperson for the State Department during part of the Obama administration.’

More

CHINAMacroReporter

June 12, 2022
'The competitiveness of China is eroding.'
Understanding the drivers of China’s rise to supply chain prominence gives (me anyway) insights to help analyze the changes – or not – of ‘decoupling.’
keep reading
June 5, 2022
U.S.-China Relations: A Chinese Perspective
Wang Jisi notes that the views are his own, and certainly we don’t know how closely, if at all, they reflect the thinking of anyone in the leadership. But given his straightforward and thorough analysis, free of canned arguments and slogans, I hope they do. I also hope the Biden administration pays heed.
keep reading
May 30, 2022
Is Xi Jinping China's Biggest Problem?
And while the impact of Zero Covid may be relatively short-lived, the impact of Mr. Xi’s return to the socialist path will be felt for a very long time, both in China and the world. So the impact will no doubt be felt as long as Mr. Xi leads China.
keep reading
January 31, 2021
'Ted Cruz, Chinese Communist Party Agree: Keep Hongkongers Trapped in China'
‘The bill Cruz blocked, the Hong Kong People's Freedom and Choice Act of 2020, would grant political asylum to any resident of Hong Kong who arrives in the United States, allowing them to remain in the country legally after the expiration of any other visa.'
keep reading
January 31, 2021
Analysis: China tests Biden on Taiwan, with eye on another island
‘And it is at Pratas Island where a behind-the-scenes tug-of-war is being played out between the U.S. and China.’
keep reading
January 31, 2021
'Top Conflicts to Watch in 2021: The Danger of U.S.-China Confrontation Over Taiwan'
‘While people appear to believe that the Biden administration will strive to avoid acute crisis with China over Taiwan, U.S. policy toward Taiwan only reflects half of the story. The other, and more important half is from China.’
keep reading
January 31, 2021
China Tests Biden
In today’s issue: 1. China Tests Biden Over Taiwan / 2. The UK Stands Up, the U.S. Not So Much / 3. Why Impeding U.S.-China Capital Flows Isn't Easy
keep reading
January 27, 2021
Xi Jinping: 'Why We All Just Get Along?'
In today’s issue:1. Biden Shows his Hand on China / 2. Xi Shows his Hand on the U.S./ 3. Multi-Lateralism, Chinese-Style / 4. Cooperation or 'Strategic Competition'?
keep reading
January 27, 2021
'Xi Jinping Wows Them at Davos'
‘The test for the Biden team is whether it will be tripped up by the feints toward international norms and comity that punctuate Mr. Xi’s pattern of regional aggression.’
keep reading
January 27, 2021
Part One | 'Biden’s Opening Salvo on Beijing'
‘The Biden administration is less than a week old, but its most consequential foreign-policy decisions may already be behind it.’
keep reading
January 27, 2021
'China’s Xi Champions Multilateralism at Davos, Again'
‘While Xi’s speech may have echoed similar themes from his 2017 address, today’s circumstances are markedly different.’
keep reading
January 27, 2021
'China’s Xi Warns Against Confrontation in Veiled Message to Biden'
‘Chinese President Xi Jinping issued a veiled warning against the new Biden administration’s preparations to rally allies to challenge Beijing on a range of issues.’
keep reading
January 27, 2021
'China rejects 'strategic competition' and calls on US to cooperate'
‘China wants cooperation, not strategic competition, the Foreign Ministry said Tuesday, a day after the White House said it was looking to form a "new approach" toward China.’
keep reading
January 27, 2021
'Xi Jinping at the Virtual Davos: Multilateralism with Chinese characteristics'
‘At the virtual Davos this week, Xi essentially proposed a multilateralism with Chinese characteristics—designed to ensure that international interactions be conducted in accordance with China’s perspectives.’
keep reading
January 27, 2021
Part Two | 'Biden’s Opening Salvo on Beijing'
‘China will think carefully before making its next moves, but it’s unlikely to submit tamely to American pressure.’
keep reading
January 23, 2021
‘Reasons for Increases In Cross-Border Capital Flows into China’
'Cross-border portfolio capital flows into China have been rising since 2014.'
keep reading
January 23, 2021
'Rethinking 2020: What’s Overlooked and What’s Overhyped'
‘If a single word were chosen to define US-China in 2020, “decoupling” would be a good candidate. What has been overlookedis just how little meaningful decoupling actually happened.’
keep reading
January 23, 2021
'A Complex Inheritance: Transitioning to a New Approach on China'
‘For the Biden administration to successfully transition to a new and more effective China strategy, the various existing Trump measures should not be treated in the same way.’
keep reading
January 23, 2021
‘China’s Easing of Regulations Restricting Foreign Ownership of Financial Firms’
'Foreign firms have only a tiny slice of most segments of this market; they control less than 2 percent of banking assets, for example, and less than 6 percent of the insurance market.'
keep reading
January 23, 2021
'Does Xi Jinping Face a Coup Threat?'
In today’s issue: 1. Rest easy. Xi is Safe / 2. China a Career Killer? /3. Rethinking 2020: What’s Overlooked and What’s Overhyped / 4. China’s Financial Opening Accelerates
keep reading
January 23, 2021
The struggle over chips enters a new phase
In the 20th century the world’s biggest economic choke-point involved oil being shipped through the Strait of Hormuz. Soon it will be silicon etched in a few technology parks in South Korea and Taiwan.’
keep reading
January 23, 2021
'Why Chinese Companies are Having a Tough Time Recruiting in the U.S.'
‘I have seen senior executives who take on very public roles within some of these Chinese companies find that their life after those companies has been more limited. It even has a bit of a taint. A bit like working for tobacco.’
keep reading
January 23, 2021
H.R. McMaster: 'Biden would do the world a favor by keeping Trump’s China policy'
‘No doubt the Biden administration will see ways to improve the strategic framework we devised, but continuity with the approach is essential.’
keep reading
January 23, 2021
'Does Xi Jinping Face a Coup Threat?'
‘So if you're an autocrat, you really have to be nervous about what's the military doing and is the military coming after me?’
keep reading
January 23, 2021
‘China’s Financial Opening Accelerates’
‘Despite predictions by some observers that the United States and China are headed for a “decoupling,” China’s integration into global financial markets is accelerating.’
keep reading
January 22, 2021
Confronting the Challenge of Chinese State Capitalism
‘When a U.S. or European firms compete against, say, COSCO Shipping or Huawei, it is the entirety of the Chinese government’s balance sheet that it must contend with, not just an individual firm.’
keep reading
January 20, 2021
'When it comes to China, Team Biden sounds a lot like Team Trump'
‘As Biden has announced his picks for cabinet positions and senior policy advisers, it has been almost impossible to distinguish his new team's China rhetoric from that of the departing Trump officials.’
keep reading
January 20, 2021
'When it comes to China, Team Biden sounds a lot like Team Trump'
In today’s issue: 1. Biden's China Hawks / 2. Keep Trump's China Policy [?] / 3. Breaking Down Biden's China Challenges
keep reading
January 16, 2021
'Jack Ma Misreads Xi Jinping'
"The reason why Jack Ma and others could build enormous Internet companies is because the Party had no idea what they were doing. They became famous globally and made China look very good, but then the Party had to figure out how to get their arms around them."
keep reading
January 16, 2021
'China: Taming the Overshoot'
‘We expect GDP growth to improve to 7.1% in 2021 from 2.2% in 2020.Realized growth will likely overshoot potential growth in 2021, but from a policy perspective, we expect that the authorities would prefer to avoid an aggressive overshoot in one particular year in exchange for a smoother and more sustainable growth profile over the next five years.’
keep reading
January 16, 2021
'Financial Technology Is China’s Trojan Horse'
‘Chinese fintech firms function like a geoeconomic Trojan horse.’
keep reading
January 16, 2021
'Where in the World is Jack Ma?'
In today’s issue: 1. Where in the World is Jack Ma?'The CCP's Ambivalence about the Private Sector’‘Jack Ma Misreads Xi Jinping’ / 2. China’s Fintech Threat‘Financial Technology Is China’s Trojan Horse’ / 3. 2021 Economic Outlook: Sunrise in a Fractured World’ | CHINA
keep reading
January 13, 2021
'Kurt Campbell, Biden’s pick for a new NSC Asia position, should reassure nervous allies'
‘Asia watchers in Washington and America’s Asian allies should be reassured that Biden is planning to elevate the importance of the Indo-Pacific region by creating this coordinator role and staffing it with someone so senior.'
keep reading
January 13, 2021
1. 'Restoring Balance'
‘China’s growing material power has indeed destabilized the region’s delicate balance and emboldened Beijing’s territorial adventurism. Left unchecked, Chinese behavior could end the region’s long peace.’
keep reading
January 13, 2021
3. 'Forging Coalitions'
‘The principal challenge facing the United States is to bridge European and regional approaches to Chinese challenges.’
keep reading
January 13, 2021
'How America Can Shore Up Asian Order'
‘This combination of Chinese assertiveness and U.S. ambivalence has left the Indo-Pacific region in flux.'
keep reading
January 13, 2021
2. 'Restoring Legitimacy'
‘Negotiating Beijing’s role in this order is the most complex element of the overall endeavor.’
keep reading

Heading

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.