PIIE this week released a new report arguing that growing distrust and strategic rivalry have shifted the US-China relationship from mutually beneficial cooperation to costly conflict, and the two countries need a structured, negotiated approach to manage economic disengagement while still collaborating on shared goals.
The report states that failure to find ways to cooperate — even while competing — will continue to hurt both economies and the rest of the world, and will slow progress on urgent global problems including climate change, public health, and demographic challenges.
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Growing distrust and strategic rivalry between the US and China have shifted their relationship from mutually beneficial cooperation to costly conflict … This PIIE Briefing explore ways the two countries can pursue a structured, negotiated approach to economic disengagement while still collaborating on shared goals to address climate change, public health, and demographic challenges. Failure to find ways to cooperate—even while competing—will continue to hurt both economies and the rest of the world and also slow progress on tackling urgent global problems.
Read the full report: US-China cooperative interdependence: opportunities and obstacles