Source: CNBC
Carnegie’s Evan Feigenbaum appeared on CNBC to discuss the upcoming Strategic and Economic Dialogue and the future of U.S.-China relations. Feigenbaum emphasized that, in contrast to earlier great-power relationships, the U.S.-China relationship combines elements of both cooperation and competition. While China’s increasing regional assertiveness is bleeding into U.S.-China relations, Feigenbaum suggested that the two countries have many opportunities to build on their “track record of success” in the economic sphere. In particular, he noted that the negotiations over the Bilateral Investment Treaty are a key area of opportunity going forward. Further, although cybersecurity is currently an area of contention, China’s shift toward a more innovation-driven economy will create more common ground with respect to intellectual property rights in the future. Resolving structural challenges within the United States and China, while in each country’s self-interest, may also serve as common ground for greater economic cooperation, he concluded.