Abstract
The US-China relationship is one of the most important bilateral relationships in the world. As two of the world's largest economies, there can be no solution to the global economic crisis if the two work at cross purposes and many of the region's most complex security challenges - North Korean denuclearisation first among them - require Sino-US cooperation. The good news is that both US President Barrack Obama and Chinese President Hu Jintao are aware of and accept the shared responsibility and necessity for a cooperative approach toward dealing with the global financial crisis and regional security challenges; both have pledged to develop a "positive, cooperative and comprehensive" relationship and build mutual trust in a way that encourages, rather than worries, friends and allies in the Asia Pacific.
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