Comment: Xi's visit to the United States and U.S. - China Relationship
A healthy, resilient and multidimensional U.S.-China relationship is vital for the world and Australia
A healthy, resilient and multidimensional U.S.-China relationship is vital for the global economic and security order, and critically important to Australia.
During his historic visit to the United States last week Chinese President Xi Jinping and President Barack Obama reiterated the commitment of both nations to work towards greater global prosperity and security.
Among the key outcomes of the visit are:
- Commitment of both leaders to accelerate the negotiations for the bilateral investment treaty
- Common understanding on the framework for dealing with cyber economic espionage
- Common vision for the comprehensive climate change agreements at the upcoming Paris conference, including new domestic policy commitments by China and U.S. to tackle climate change issues
The Hon Warwick Smith AM, Asia Society Australia Chairman and Global Trustee, Asia Society said:
“China and the U.S. have always demonstrated determination and creativity to find a common language and pathways to cooperation. The current visit showed that while there are disagreements, U.S. and China are committed to positive cooperation and dialogue to respond to global, regional and bilateral challenges. The visit also emphasized that both Chinese and American leaders understand the importance of U.S. and Chinese leadership on the global stage – in the security, political and economic domains and increasingly in a global response to climate change. This is vitally important for Australia – a global trading nation whose future depends on the stability and dynamism of the Indo-Pacific region. ”
Philipp Ivanov, CEO of Asia Society Australia said: “President Xi’s comprehensive overview of China’s actions to stabilize and grow its economy during his speech in Seattle sent a positive message to the global economy. But it also showed the world that China understands its vulnerabilities and – as any other globally-connected economic power - seeks to work with its major partners to find the solutions to the global and regional economic challenges”.
Recapping our programming on China this winter (2015) - China's impact is growing but the trajectory is unclear