Sino-US Cooperations

By Ka Lee Angel Lee

The most significant newsworthy contract of Sino-U.S. economic cooperation happened recently is the 4^th round of China-U.S. Strategic Economic Dialogue held in Annapolis, the United States 2008. China and the U.S. exchanged their trade interests and concerns globally and domestically. The meeting “focused on five specific areas: financial and macroeconomic management, developing and protecting human capital, the benefits of trade and open markets, enhancing investment, and advancing joint opportunities for cooperation in energy and environment.” After an in-depth discussion of the current world economy view and possibilities of bilateral economic teamwork, diplomats of both countries agreed on continuous economic cooperation in the next decade.

There are many other signs of willingness of both countries to work together to strive for prosperity and harmony in the global economic context. The Sino-U.S. recognition of a share responsibility of global economy in the meeting of the Chinese President, Hu Jintao and the U.S. Treasury Secretary Henry H. Paulson in Beijing has great impact on both countries’ future collaboration. President Hu noted that “China will join hands with the United States to boost exchanges and communication, expand strategic mutual trust and appropriately handle sensitive issues in an effort to step up bilateral constructive and cooperative relations.”

Other signs of mutual trusts are engraved in mutual national aids to each other by China and the United States. The U.S.’ s encouragement of China’s entry of the World Trade Organization showed America’s optimistic and confident view of China’s opening of its trade market. The building of Microsoft’s research and development center in Beijing as well as the signing of a total of $13.6-billion contracts between companies of both countries indicate mutual trust and faith.

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