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China and the US: From Co-operation to Confrontation?
Business Monitor International, March 2010, Pages: 29
The report examines the main threats to amicable China-US relations, and outlines three scenarios for the coming decade.
The relationship between the US and China is the most important bilateral tie in the world, and will be pivotal to maintaining global security and economic stability in the early 21st century. Thus far, Washington and Beijing have maintained a generally co-operative relationship, but this cannot be taken for granted indefinitely. We thus outline three scenarios for how the relationship might develop over the coming decade.
The US is the world’s sole superpower, while China is rapidly emerging as one, and is the only country that could realistically challenge the US for global dominance. The two countries’ economic ties are now so important that China and the US have since 2007 been described as ‘Chimerica’–two sides of a single economy that comprises a third of global GDP. Therefore, any deterioration in this relationship would be detrimental for global political, economic and financial stability.
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