Handbook of US–China Relations
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Handbook of US–China Relations

Edited by Andrew T.H. Tan

This Handbook addresses the key questions surrounding US–China relations: what are the historical and contemporary contexts that underpin this complex relationship? How has the strategic rivalry between the two evolved? What are the key flashpoints in their relationship? What are the key security issues between the two powers? The international contributors explore the historical, political, economic, military, and international and regional spheres of the US–China relationship. The topics they discuss include human rights, Chinese public perception of the United States, US–China strategic rivalry, China’s defence build-up and cyber war.
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Chapter 8: US–China economic relations

Dong Wang


Often China’s global economic impact is approached with apprehension, as a question of ‘us’ (Europe and the United States, or China) and ‘them’ (China, or the United States and its allies), or as the ‘end of the beginning of the Chinese century’. In this chapter, I shift to an aspect that has been less debated, namely the governance of US–China economic relations in historical and contemporary terms. As the largest global trader, export-oriented manufacturer and foreign exchange reserves holder, China should be encouraged to do more for its Asian neighbors, the international economy and public goods. This is not going to thrust the United States’ nose out of joint in the global system. The United States would do no worse than share power and responsibility not only with China but also other countries around the world. In the economic sphere, China and the United States stand face to face like ambidextrous jugglers, articulating their differences while keeping business going. It is these very dynamic paradoxes that provide the kind of purpose and meaning to both countries’ continued search for order in their uneasy relationship. The United States and China, therefore, should and can see each other in a more relaxed way.

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