13 Building Mutual Trust between China and the u.s.

Abstract

China and the United States (US) are facing a serious test, and risk the loss of strategic mutual trust as they strive to build an open Sino-U.S. relationship. The instability of bilateral relations leads to the loss of mutual interest. The two countries should abide by a new strategic approach, namely, that Sino-U.S. relations are by nature a relationship based on mutual benefit and win-win results. They should confront the difficulties and hurdles ahead and work to cast aside old ideas that negatively impact mutual interests. Economic and trade cooperation, which is at the core of Sino-U.S. relations forms an important pillar and anchors its strategic cooperation efforts. The two countries should cultivate and build the four major foundations of bilateral economic and trade cooperation from a strategic perspective. This includes free trade, mutual benefit and win-win results, a balanced economic structure, as well as equality and fairness. Keywords: China; free trade; Sino-U.S. relations; United States (US); win-win results