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The world's economy has room for a prosperous US and a prosperous China too [1]

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Date: 2023-05-09

World can live with US-China competition that stays clear of violence

Published: 9:15am, 8 May, 2023 After decades of toil by hundreds of millions of Chinese who helped to support prolonged global price stability and create a middle class with strong consumption power, China is today considered an economic predator. Meanwhile, the US accuses China of undermining the rules-based global order, and even of destroying it. When it comes to the right to security and prosperity, the world’s two largest powers appear to be at odds. The US-China economic relationship: A comprehensive approach Joshua P. Meltzer and Neena Shenai Thursday, February 28, 2019 Nevertheless, the economic costs of the bilateral economic relationship are very real. China’s economic practices now risk harming the U.S. service and knowledge economy. As identified in the United States Trade Representative (USTR) Section 301 report, intellectual property (IP) theft and forced technology transfer and other Chinese unfair trade practices threaten high-wage jobs and high-value-added manufacturing in the U.S. First, the move towards self-sufficiency in emerging technologies is inconsistent with a trading system based on comparative advantage. Second, use of SOEs, their access to subsidies, and limited rule of law in China support state companies within China and globally. Third, China’s use of industrial policy to pick winners is expected to lead to excess production and dumping overseas. This has already occurred, for instance, in steel and solar photovoltaic (PV) with negative impacts for U.S. and global industries,[2,][3] and is expected to occur in more advanced industries identified in China’s recent industrial policies, such as robotics, high-speed rail production, new energy vehicles, and batteries. Towards a new US–China modus vivendi in Southeast Asia 7 May 2023 Authors: Vu Le Thai Hoang and Ngo Di Lan, Diplomatic Academy of Vietnam Southeast Asia’s point of view Modus vivendi -an arrangement or agreement allowing conflicting parties to coexist peacefully, either indefinitely or until a final settlement is reached. A way of living. While US and Chinese leaders may find it difficult to negotiate an all-encompassing modus vivendi quickly, they can begin to initiate such efforts in Southeast Asia. Southeast Asia is the right place to start because the ASEAN countries already believe that their interests are better served when the superpowers cooperate rather than engage in existential struggle. Unlike Europe, where most countries are allied to the United States, Southeast Asia has historically preferred non-alignment. The United States and China could initiate pilot trust-building projects in low-stakes domains. For instance, they could work together to enhance regional public health capacities by supporting the establishment of disease surveillance networks, sharing research and best practices and providing training and resources to Southeast Asian nations. This cooperation would help address existing and emerging health threats in a timely manner, while building confidence and laying the groundwork to tackle more complex challenges. A US–China modus vivendi in Southeast Asia does not have to be ambitious to be effective. As long as it promotes a sense of trust between the superpowers and puts some limits on their competition,... There are hundreds if not thousands of articles on the subject of US-China relations and all of them make realistic proposals but in the best interest of the host. However, when we summarize these arguments into a combined presentation, a truer path to cooperation emerges. The fact is, both the US and China could satisfy the other's needs without sacrificing their on interest. National security

Domestic economies

Physical and intellectual property protections

Open markets

Prenegotiated terms of engagements, including dispute resolutions 7 May 2023

Hints for achieving these objectives are usually identifiable in the discussions that accompany the presentations of grievances. The Asian articles quoted here are recent. The US article is from a formal position paper presented by The Brookings Institution in 2019. It confounds me that the US reserves its discussions of matters of interest to average people the world over in academic papers, think tank papers, trade papers or behind pay walls.

Allowing the free airing of these ideas and grievances demystifies them and provide opportunities for lay people to become comfortable with what is at stake and participate in US elections motivated by knowledge instead of emotion. We are not going to agree any more then, than we do when debating from emotions, but the odds of us being civil rises exponentially. A well-informed electorate is essential to a healthy Republic, agreement on everything is not.

Neither the US economy not the Chinese economy would have experienced the growth and world domination they have achieved without cooperation. In that mode, US businesses gave up ownership for cost and the Chinese gave up profits for knowledge. As the Chinese economy is much more than a labor market these days and domestic innovation and entrepreneurship is exploding, major changes in the relationship is due. However, coupling every aspect of the US-China relationship in a reimagining of our trade relationship is a formula for disagreements, hostilities and failure.

Disassociated issues should be handled in different channels of negotiations. Security, economic and humanitarian issues are related, but the solutions are not the same. The answer may lie in the Southeast Asia model. Dependent economies should refuse to align, and major economies should have a system for recognizing and honoring their decisions without the use of punitive coercive tactics.

The US-China trade and security disputes will be resolved, but the humanitarian issues are endemic and will remain points of contention long after trade and security is resolved. Both nations will again benefit from healthy competition, and the rest of the world will breathe a sigh of relief.

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[1] Url: https://www.dailykos.com/stories/2023/5/9/2168174/-The-world-s-economy-has-room-for-a-prosperous-US-and-a-prosperous-China-too

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