China’s financing and investment spread across 61 BRI countries in 2023 (up...
2024-02-27 30 英文报告下载
For over four decades, from the early 1970s to mid-2010s, the United States and China had surprisingly stable ties. Despite diferent political and economic systems, contrasting views of the international order, and the occurrence of several crises, relations proved to be anything but “fragile,” as one analyst characterized them in 1992.1 Ties endured in part because of the large gap in relative power, but also because of mutual perceptions of common interests and a sense that the remaining signifcant diferences could be efectively managed, if not resolved. In the process, the two countries became highly interdependent. From 2000 to 2022, two-way bilateral trade in goods and services rose from $125.2 billion to $802.1 billion, while direct investment rose from $4.8 billion in 2000 to $14.2 billion in 2021 (see Figure 1.1).
According to the Rhodium Group, at the end of 2020 the total fnancial relationship surpassed $3.6 trillion.2 Similarly, over the last couple of decades, two-way travel skyrocketed from a few thousand passengers in the 1980s to 15.2 million passengers in 2019. And in the same year, there were 369,000 Chinese students in American universities and over 11,000 American students studying in China. Central to these trends, leaders in Beijing generally saw their country’s integration into many aspects of the existing international order as in China’s self-interest, and the United States felt confdent that integrating China into the rules-based system and global economy would facilitate constructive interaction and reduce the chances of confict.
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