How economic relations brought U.S. and China closer to eachother

The bilateral relationship between China and U.S has greatly improved since President Nixon’s visit to China in 1972. Although there has been ups and downs between the two countries, such as an accidental bombing of a Chinese embassy by a U.S aircraft in 1999, their interests and relations are deeply interconnected.

These two countries are economically interdependent. The U.S. has an abundance of capital and the Chinese have labor. Reports show that the Chinese market offers great opportunities for American companies and provide inexpensive goods to American consumers. Chinese investment in the United States is shown to boost the U.S economy. U.S. exports of goods and services have supported about 12 million jobs in the United States in 2014. According to Secretary of State John Kerry, “The sheer size of China and its economy, coupled with the rapid and significant changes that are taking place there, means that our relationship by definition has vast potential”. China is growing fast in economic power and international influence while the U.S, who is already a superpower, already has economic power as well as influence. This means that both can work together in the future to address global issues, challenges, and opportunities.

Diplomacy between China and the United States have allowed both countries to resolve any conflicts and move on despite their different ideological views. According to Paul Haenle of the article, U.S.-China relations: Moving Beyond the Script, “In April 2001, a U.S. Navy plane collided with a Chinese  F-8 fighter over the South China Sea. Beijing and Washington disagreed over the cause of the incident, and whether the United States needed to apologize to China. Finally, a middle ground was determined, which allowed the United States leadership to say it had not made an official apology, while the Chinese were able to claim the Americans had apologized”. Both presidents, Obama and Xi, have expressed the importance of their cooperation and wish to continue enhancing that cooperation.

President Barack Obama and Chinese President Xi Jinping participate in a joint news conference in the Rose Garden of the White House in Washington, Friday, Sept. 25, 2015. (AP Photo/Andrew Harnik)

President Barack Obama and Chinese President Xi Jinping participate in a joint news conference in the Rose Garden of the White House in Washington, Friday, Sept. 25, 2015. (AP Photo/Andrew Harnik)

Economic relations have brought The U.S. and China more closer than they could have ever been. The White House have stated that, “China has a strong stake in the maintenance and further strengthening and modernization of global financial institutions, and the United States welcomes China’s growing contributions to financing development and infrastructure in Asia and beyond”.

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2 thoughts on “How economic relations brought U.S. and China closer to eachother

  1. Thank you for sharing your blog post.

    I see that due to the Nixon’s determination on visiting China has brought huge economic wealth on both side. However, I am curious that was the US the only one country that China accepted to open economic market?
    I believe there would be several countries that has begun to trade with China and maybe US was the not the first country which started economic trade with democratic state.

    I assume that there must be some reason that China opened their mind and start to accept economic system. If it is clear then we might know the hidden agenda of why China started to accepting economic system in their country.

    Thank you.

    Like

  2. I agree with your idea that the relationship between U.S. and China has been more close than before because of interdependence of markets. Also, though this is my opinion, I want to add the related points. That is the security in East Asia. Nowadays, the territory issues within Asia countries, like China and the Philippines, China and Japan, have become the crucial problems in the world. U.S. may think that we should take some responsibilities on these issues because of a treaty with Japan. It is no doubt that China and U.S. can easily deal with these problems if their relationship become closer. Though there are some concerns like domestic governance, especially in China, I want to expect that they will play a role for creating better situations in East Asia by cooperating.

    Like

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