Trump’s visit to China to yield significant outcomes: Experts
Possible solutions
Though several conflicts and problems hindering bilateral ties remain, experts believe that deepened mutual trust and profound cooperation will benefit both nations in the long run.
“Bilateral cooperation in infrastructure will provide great opportunities for both nations. Trump has rolled out plans to upgrade America’s infrastructure, but his $1 trillion plan is as elusive as ever. On the other hand, China has spent $11 trillion on infrastructure in the past decade, accumulating rich experience in building high speed rails, roads, and energy plants and proving itself to be a strong partner,” said Wang Huiyao, director of CCG.
Meanwhile, the U.S. can also help China’s Belt and Road initiative, as the former has rich experience in economic cooperation with countries along the Belt and Road.
“It would be a win-win solution for both nations if the U.S. is willing to participate in the Belt and Road initiative and the Asian Infrastructure Investment Bank,” added Wang.
In terms of boosting the stability and development of the region, experts believe that promoting a Free Trade Area of the Asian Pacific (FTAAP) with both the U.S. and China’s participation can alleviate their conflicts in the region, seeking more mutual benefits.
“Trump’s decision to withdraw from the Trans-Pacific Partnership has been denounced by many American leaders and other member nations, while the Regional Comprehensive Economic Partnership which involved China has yet to make any remarkable economic achievements. A FTAAP with both China and the U.S. may solve the current problems, but it would require hard work and mutual trust from both sides.”