Abstract
In response to China's rapid rise and its claim of broadening its "core interests", the U.S. launched the "Indo-Pacific Strategy" and "Pivot to Asia". Meanwhile, in order to avoid conflicts with the U.S. caused by advancing eastwards, China continues its steps of expanding westwards by proposing the cross-border and inter-continental "Belt and Road Initiative". To carry on this initiative smoothly and maintain economic stability and development, China has also proposed the new model of major power relations. This paper aims to explore the development and influence of political and economic relations between the two countries by analyzing the policies pursued by the U.S. and China.
Highlights
The success of China's reform and opening-up has contributed to China's substantial economic growth and its overall national strength, and the rapid rise of China in the Asia-Pacific region has threatened the U.S that starts to feel insecure
The results show that: (1) In terms of transportation cost, maritime transportation holds an obvious upper hand, but the respective advantages of maritime and land transport vary from one region to another; (2) Taking time cost into account, the competition pattern of maritime and land transport basically shows a balance of 1:1; (3) Against the backdrop of the "Belt and Road Initiative", the integration of the Central European and Russian regions is the hub for the integration of the Eurasian Continent
As Yang (2012) stated, the U.S remains active in Central Asia, the five countries of this region are expected to opt for the economic "Belt and Road Initiative" rather than the political " Pivot to Asia "
Summary
The success of China's reform and opening-up has contributed to China's substantial economic growth and its overall national strength, and the rapid rise of China in the Asia-Pacific region has threatened the U.S that starts to feel insecure. In response to this change, the U.S government has proposed the "Indo-Pacific Strategy" and “Pivot to Asia" (Wang and Wu, 2016). In order to avoid direct conflicts with the U.S, China continues its steps of expanding westwards by proposing the "Belt and Road Initiative" and the new model of major power relations, in the hope of coexisting and flourishing with the U.S through its "peaceful rise". This study discusses the major policies respectively pursued by China and the U.S and analyzes their impact on the Sino-US political and economic relations
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