A defining moment for China-US ties

The China-US relationship today is probably at another defining moment. How we direct it now will have far-reaching consequences. Both countries have a big stake in the choices we are going to make. Whether or not we will be able to make the right choices depends on a few key factors.

First, it depends on our vision of the world today.

On the positive side, all major powers are now members of key international institutions such as the United Nations, the World Bank, the International Monetary Fund and the World Trade Organization. We are also working together in new global governance mechanisms such as the G20. This means that the major powers are committed to the maintenance and better functioning of the existing international order. As long as there is sufficient political will, it will be possible for us to seize this historic opportunity and build a new partnership for long-term stability and prosperity in the world.