What will China-U.S. Relations Look Be Like in the Next 40 Years?

On June 2, 2019, the State Council Information Office issued a white paper to provide acomprehensive picture of the China-U.S. economic and trade consultations, present China’s policy position on these consultations, and criticize the U.S. unilateralismand protectionism as well as its backtracking on Sino-U.S. trade talks. The escalating economic and trade frictions and the recent crackdown by the U.S. on Chinese enterprises have brought unprecedented challenges to China and the U.S. 2019 mark the 40th anniversary of the establishment of diplomatic relations between the two countries, but also a crucial year in dealing with China-U.S. trade. Can China and the U.S., two major countries that have gone through 40 years of ups and downs together, weather the impact of a trade war? How do we view current China-U.S. relations? In the next 40 years, what will China-U.S. relations be like? New Problems in China-US Relations After U.S. President Donald Trump took office in 2017, China-U.S. relations faced many uncertainties. At the end of 2017, the White House released its first National Security Strategy Report since Trump assumed office. The report mentions China 33 times, arguing that China is a revisionist power and an adversary of the U.S. In 2018, the US provoked the largest ever trade war against China, and it toughened its stance on the Taiwan issue. “I think […]

Mar 5, 2019

Greater Bay Area: Prospects and Challenges

The recently announced Guangdong-Hong Kong-Macao Greater Bay Area is an ambitious initiative to link different cities in the Pearl River Delta region into a dynamic financial and innovative powerhouse. As a prominent part of China’s national strategic plan, the proposed link involves 11 cities with a combined GDP twice that of San Francisco’s Big Bay and close to the similar scheme of New York. The region also has combined trade of US$1.5 trillion, more than three times that of the Tokyo Bay Area. In fact, the combined economic size of the Chinese Bay Area is comparable to Canada as the world’s tenth largest economy. A new vision for Hong Kong’s role in the regional cooperation is necessary to achieve mutual benefits and maintain overall competitiveness. As part of the integration plan, a series of large-scale infrastructure and transport projects, in particular the 26-km Guangzhou-Shenzhen-Hong Kong Express Rail Link (Hong Kong Section) and the 55-km Hong Kong-Zhuhai-Macao Bridge, both opened in the second half of 2018, are vital links to facilitate the flow of people, goods, services, and capital. This in turn allows the concept of a “one-hour living circle” embedded in the Greater Bay Area project to be thoroughly realized. All these infrastructure developments are indeed highly effective in reducing the time and cost of overall integration. Hong Kong could […]

Mar 2, 2019