In the wake of the global financial crisis, some have dubbed China and
the United States the G2, signifying their centrality in global economics and
politics. Even so, the relationship between China and the United States is rife
with new tensions. Trade and currency challenges persist, complicated by domestic
politics and differing approaches to security issues.
In its annual conference to honor the memory of eminent China scholar
Michel Oksenberg, Stanford's Shorenstein Asia-Pacific Research Center gathered
distinguished policymakers and analysts to examine colliding—and overlapping—interests
in U.S.-China relations.
The conference was kicked off by Jeffrey Bader, special
assistant to the president and senior director for East Asian Affairs at the
National Security Council, who began by exploring the possibility of productive,
stable relations amid values that appear to differ vastly. In support of this idea,
Bader pointed to successive American presidents, going back to Richard Nixon, who
found points of commonality with China. China poses a different challenge
today, he argued, than even a decade ago, as its influence has grown alongside
its commercial and economic presence. The Obama administration, Bader
explained, has sought China's support on key issues and pursued partnership
within the context of a broader Asian policy. He concluded by saying that China's
rise is not intrinsically incompatible with American interest, but that does
not preclude ongoing competition.
A panel chaired by Jean C. Oi,
director of the Stanford China Program, next looked at competition and
cooperation in the U.S.-China economic relationship. Despite the dangers of speculative bubbles and weakened export
markets, the prospects for sustained economic growth in China remain very good,
argued Nicholas Lardy,
senior fellow at the Peterson Institute for International Economics. Robert
Kapp, former president of the U.S.-China Business Council, explored growing
challenges facing American business in China, exemplified by recent clashes
over Internet censorship. Despite the U.S.-China clash at the Copenhagen global
climate conference, Stanford Law Professor Thomas Heller contended that behind
the scenes global consensus on this issue has advanced.
Points of tension in the security relationship were the focus of a
panel chaired by Amb. Michael H. Armacost, the Shorenstein Distinguished Fellow.
China-Taiwan tensions have improved, but Smith College's Steve Goldstein
cautioned that Taiwan's policies could shift again, particularly if the
promised economic benefits of improved ties do not materialize. China and the
United States must likewise manage challenging allies in North Korea and Japan
respectively, said Alan Romberg, director of the East Asia Program at the Henry
L. Stimson Center. Finally, the United States and China have both congruent and
conflicting interests at stake in dealing with the situations in Iran and
Pakistan, Stanford's Thomas Fingar, the Oksenberg/Rohlen Distinguished Fellow
at FSI, told the gathering.