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Sino-U.S Economic Development Relationship: Confrontation and Cooperation?-- With Analysis on the History of Economy

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DOI: 10.38007/Proceedings.0001642

Author(s)

Xiangyi Shi

Corresponding Author

Xiangyi Shi

Abstract

As important power in the world, the relations between China and the United States in economy and trade have aroused extensive attention among countries. This paper sorts out the major events in trade and economic exchanges as China and the US established diplomatic relationship in 1979 from the perspective of economic history, as a result, the theme between China and the U.S. remains to be “Mutual benefits and Win-win scenario” in terms of trade and economic relationship. Temporary friction in trade and confrontation is not consistent with the aspirations of two peoples and the sustained economic development, which is especially true to the situation that the current ravaging COVID-19 yet to come to an end, and the global trade and economy is severely hit. China and the U.S should join hands to push forward the global economic recovery. At the same time, Cold-War and zero sum mentality should be resolutely abandoned in the spirit of cooperation, win-win scenarios on reciprocal basis.

Keywords

Sino-U.S Relationship; Economic Development; Economic History