Yang Jiemian: Co-response to Financial Crises Acts as Catalyst for the China-US Relations Development

The 11th “Monthly Economic Talk” was held by the China Center for International Economic Exchanges (CCIEE) on May 25, 2010 in Beijing; the topic was “China-US Strategic & Economic Cooperation”.

Yang Jiemian, Director of the Shanghai Institutes for International Studies, said that the China-US relations are one of the most important bilateral relations in the world. The China-US Strategic and Economic Dialogue which has just concluded will exert profound practical and far-reaching influences. The China-US relations have experienced three stages during the one and a half year since the Obama Administration came to power: first it was a stable start, and then followed by a low tide and finally a rewarming. The whole world is concerned about the direction for the future China-US relations, and this is because such relations have gone far beyond bilateral trade significance and have the regional and even global impact.

First, co-response to the financial crisis is becoming the catalyst for the China-US relations development.

Second, co-response to the global and hot issues becomes the driving force for the integration of the China-US relations.

Third, co-reform and restructuring of the international system to maintain the mutual and global interests will become a sustainable driving force from the start of the financial crisis to a very long run.