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"China Economic Times": (Zhao Zhongxiu) Economic and w88 prospects under the new positioning of Sino-US relations丨Escape from the zero-sum game and move towards a win-win future

Published: May 19, 2026 Editor: Liu Haijun

(Source: "China Economic Times" 2026-05-19)

On May 14, President Xi Jinping held talks with US President Trump, who was in China for a state visit, at the Great Hall of the People in Beijing. The two heads of state agreed to build a "constructive strategic and stable relationship between China and the United States" as the new positioning of China-US relations. Foreign Ministry spokesperson Guo Jiakun said that this provides strategic guidance for Sino-US relations in the next three years and even longer.

Recently, on the importance of "constructive strategic and stable relations" and strengthening cooperation between China and the United States,China Economic Times reporter interviewed Zhao Zhongxiu, President of w88 casinoand Luo Yuze, deputy director of the Foreign Economic Research Department of the Development Research Center of the State Council. Experts said that China and the United States insist on cooperation, stability, management of differences, and mutual benefit and win-win results. This is the trend of the times, the needs of development, and the aspiration of the people. We must adhere to meeting each other halfway, be pragmatic and rational, use cooperation to enhance mutual trust, use mechanisms to prevent risks, and find a new path of peaceful coexistence and mutual benefit between emerging powers and established powers, so as to inject lasting certainty into world peace, stability and common development.

Has global, long-term and iconic significance

China Economic Times:Ministry of Foreign Affairs spokesperson Guo Jiakun said that "constructive strategic stability" should be positive stability that focuses on cooperation, benign stability with moderate competition, normal stability with controllable differences, and lasting stability with peace and hope. How to understand the core connotation of the new positioning? In what areas can China and the United States focus on "positive stability based on cooperation"? How can cooperation maintain relative balance and stability amid equality, mutual benefit, and win-win?

Zhao Zhongxiu: The new positioning established by the heads of state of China and the United States as a "constructive strategic and stable relationship" is a major strategic calibration of Sino-US relations after years of competition in the century-old evolution of changes. It has overall, long-term, and iconic significance. This positioning breaks away from the traditional stereotype of zero-sum game and establishes a new paradigm for major countries to get along with each other, featuring mutual respect, peaceful coexistence, cooperation-led and controllable differences.

President Xi Jinping proposed "positive stability based on cooperation", which has profound connotations and clear guidance. Recognize reasonable competition among major powers, but prevent alienation of competition from leading to all-out confrontation; tolerate differences in systems and development paths between the two sides, rely on institutionalized communication to manage differences, and avoid strategic misjudgments; take pragmatic cooperation as the main line of bilateral relations, consolidate the ballast of relations with common interests, guard security boundaries with bottom-line control, and achieve consensus through cooperation, control risks through stability, and seek long-term benefits through win-win results.

Facing the future, China and the United States can be expected to focus on the following four major aspects of "positive stability based on cooperation."

First, economic and w88 and industrial chain and supply chain.The industrial structures, resource endowments, and market volumes of the two countries are highly complementary. The two countries have deep roots in cooperation in w88 in agricultural products, energy, high-end equipment, and modern services. The long-term global industrial division of labor pattern cannot be separated by artificial decoupling and chain breaking. Against the backdrop of weak global external demand and high interest rates suppressing investment and consumption, neither side can afford the economic and livelihood costs of hard decoupling. In the next step, both sides are expected to optimize tariff policies in an orderly manner, respect enterprises' market-oriented operations and global layout choices, jointly maintain the safety and smoothness of global industrial and supply chains, and stabilize the overall situation of global w88 and investment.

Second, people’s livelihood technology and global public governance.Affected by the rotation of political parties, electoral politics and interest groups, the United States has natural swings in policy statements and lacks stability in verbal promises. In strategically sensitive areas such as high-end chips, advanced processes, core computing power, and cutting-edge military industry, it is difficult for the United States to fundamentally change its containment posture in the short term. However, in non-sensitive fields such as biomedicine, medical equipment, public health, new energy, and artificial intelligence security, it is entirely possible to set up cooperation guardrails and resume scientific research collaboration, joint research, and normalized academic exchanges among universities. On global governance issues such as cross-border drug control, anti-fraud and anti-money laundering, food security, and debt disposal in developing countries, no country can be immune to it. China and the United States should coordinate policies, share information, and jointly respond to global risks and challenges.

Third, green low-carbon and energy transformation.The process of global carbon neutrality is irreversible. China and the United States have far greater consensus than differences in the joint construction of clean energy, energy storage industry, energy-saving and environmental protection technology, and climate governance rules. Relying on their respective technological, industrial and market advantages, the two parties can deepen cooperation in the fields of renewable energy, green standard co-construction, green finance, climate investment and financing, use green cooperation to offset the negative impacts of geopolitical games and industrial competition, and jointly lead the pace of global green transformation.

Fourth, humanistic education and non-governmental exchanges between think tanks.The relationship between countries lies in the affinity between the people, and the affinity between the people lies in the mutual understanding of the hearts. People-to-people and cultural exchanges have been on the back burner in the past few years, resulting in cognitive gaps, information bias and opposition in public opinion, weakening the social foundation of bilateral relations. Resuming the exchange of international students, exchanges of visits by university scholars, normalized dialogue between think tanks, and non-governmental cultural and tourism exchanges can break cognitive barriers, eliminate misunderstandings and prejudices, enhance people-to-people mutual trust, and build a solid public base for the stability and long-term development of China-US relations.

To promote "positive stability based on cooperation", four major obstacles need to be overcome. The first is to get rid of the Cold War mentality and ideological prejudice, abandon the old logic of winner-take-all, abandon the "small courtyard high wall", technological blockade, generalization of the entity list and other practices, and treat China's development and rise with a normal mentality. The second is to resolve the disturbances in the U.S. political cycle. Electoral politics tends to instrumentalize and vote-based relations with China. Policies lack continuity and commitments are easy to repeat, which has become the biggest external variable in bilateral cooperation. The third is to strictly abide by the red lines of core interests in the Taiwan Strait and South China Sea, firmly adhere to the one-China principle, resolutely oppose the hollowing out of the one-China policy, arms sales to Taiwan and geopolitical provocations, and strictly prevent the escalation of local frictions from affecting the overall situation. The fourth is to abandon unilateralism and w88 protectionism, reduce irrational investment reviews, non-tariff barriers and other anti-globalization behaviors, return to multilateral w88 rules and market economic norms, and create a fair and predictable cooperation environment.

To achieve long-term stability based on equality, mutual benefit and win-win results, we must firmly grasp three principles. First, we should adhere to mutual respect, respect each other's core concerns, not interfere in each other's internal affairs, and not seek unilateral dominance. The second is to adhere to mutual benefit and win-win results, not to engage in extreme pressure and unilateral concessions, continue to make the "cake" of common interests bigger, and allow enterprises and people of the two countries to share the dividends of development. The third is to adhere to mechanism management and control, improve high-level strategic communication, economic, w88 and science and technology working groups and other normal platforms to ensure that competition has boundaries and differences do not escalate.

Luo Yuze: The meeting between the heads of state of China and the United States has established a new position for the relationship between the two countries. It is not only a timely adjustment to the bilateral relations between China and the United States that have been characterized by competition and even confrontation in the past period, but also a major strategic consensus reached for the future based on the interests of the two countries and the responsibilities of major powers. There is a Chinese idiom that goes, "No fight, no acquaintance." In the past year, China and the United States have gone through fierce competition, which has made both sides realize more deeply that "cooperation will benefit both countries, and confrontation will hurt both countries", which is also not conducive to world peace and stability. Therefore, the two countries decided to choose a positive and pragmatic relationship positioning, focusing on promoting cooperation to enhance mutual trust, using rational competition to avoid confrontation, managing differences and handling frictions, and strengthening communication to maintain peace. This will inject valuable stability into the turbulent international environment.

There are many areas where China and the United States can cooperate for mutual benefit, especially areas where confrontation occurs under a zero-sum game. By switching to a cooperative mindset, it can be transformed into a more prominent mutually beneficial win-win situation. For example, in the high-tech field, competition and confrontation will restrict each other, but mutual trust and cooperation will complement each other. The United States is good at original innovation from 0 to 1, and China is good at industrialization and commercialization from 1 to 100. China itself is a huge market and a highly open economy. It has become the world's manufacturing hub and w88 hub. The value of original innovation in the United States can be quickly realized in China, and innovative research and development will be further supported, so that U.S. high-tech innovation and the high-quality development of Chinese industries can achieve each other and enter a virtuous cycle. The same is true in the field of infrastructure construction. China's engineering construction capabilities are world-famous and can adapt to various complex climates and landforms with high efficiency and low cost. However, the infrastructure of the United States has generally entered a period of upgrading. If the United States trusts China, it can accelerate the improvement of its infrastructure, and Chinese engineering companies can also enter the vast infrastructure market. In addition, there is great potential for cooperation between the two parties in traditional fields such as agriculture and energy, as well as in emerging fields such as biopharmaceuticals, artificial intelligence, and low-altitude economy.

At present, the biggest difficulty that both sides need to overcome is still the "trust deficit" and avoiding the "Thucydides Trap". If we adopt a competitive or confrontation-oriented thinking, it will lead to a zero-sum or even negative-sum game, the "trust deficit" will continue to expand, and it will be difficult to stabilize Sino-US relations. Disagreement and friction are inevitable between major powers, and the key is to handle them rationally. When actively implementing the outcomes of the heads of state meeting, both sides should maintain an open and inclusive attitude, enhance mutual understanding through empathy and strengthen communication, consider each other's position and interests when launching measures, and avoid touching each other's red lines and being demanding of each other. The relationship positioning proposed by this heads of state meeting is very pragmatic. It needs to be stabilized first, and then gradually repair the cracks and continuously improve.

Pathway of a new path for peaceful coexistence and mutual benefit between emerging powers and established powers

China Economic Times: Although the global economy is still resilient, risks such as w88 frictions still exist. What significance does the strengthening of cooperation between China and the United States have for the economic and w88 development of the two countries and even the global economic development?

Zhao Zhongxiu: The stabilization and improvement of Sino-US relations is not only a bilateral benefit, but also a key variable in stabilizing the global economy and leading global governance. For domestic development, stable Sino-US relations can help alleviate external uncertainties, create a relatively stable external environment for the start of the "15th Five-Year Plan" and high-quality development, stabilize the fundamentals of foreign w88 and foreign investment, smooth the domestic and international dual circulation, and hedge against the downward pressure caused by weakening global demand and high interest rate cycles. For the United States, it is conducive to easing the stickiness of inflation, stabilizing supply in the industrial chain, boosting investment and employment, and relying on China's huge market space to provide strong support for the U.S. economic recovery.

Looking around the world, the significance is even more profound. First, underpinning the recovery of the world economy, Sino-US cooperation has released positive spillover effects and boosted global w88, investment and market confidence in the context of geopolitical conflicts, protectionism, and debt risks. The second is to safeguard the multilateral trading system, send a signal to resist the countercurrent of decoupling and disconnection, and promote the improvement of global economic and w88 rules in a more inclusive and universally beneficial direction. The third is to make up for the shortcomings of global governance, make concerted efforts in the fields of climate governance, public health, food security, debt resolution and other fields, and provide great power wisdom and solutions to solve the global governance deficit.

In general, China and the United States should build a constructive strategic and stable relationship, adhere to the principle of cooperation, stability, management and control of differences, and mutual benefit and win-win results. This is the general trend of the times, the needs of development, and the aspiration of the people. We must maintain strategic focus and clear understanding, not blindly follow verbal statements, not have excessive illusions, and safeguard the bottom line of scientific and technological independence, industrial security, and core interests. We must also insist on moving in the same direction, being pragmatic and rational, using cooperation to enhance mutual trust, and using mechanisms to prevent risks. We must find a new path for peaceful coexistence and mutual benefit between emerging powers and established powers, and inject lasting certainty into world peace, stability, and common development.

Luo Yuze: The importance of strengthening cooperation between China and the United States is reflected not only in the huge economic scale of the two countries, but also in their important positions in the global economic and w88 network. The total economic output of China and the United States exceeds one-third of the world's total, and the bilateral w88 volume accounts for approximately one-fifth of the world's total. The United States is the world's largest consumer market. Although China's consumer market ranks second, it has huge growth potential. The United States is still the world's most important source of technological innovation and emerging industries, while China is the main hub of many industrial and supply chains and the best experimental field for the development of emerging industries and the transformation site for scientific and technological applications. Strengthening cooperation between China and the United States means stabilizing the fundamentals and core areas of the world economy and global w88, eliminating many risks of instability and major conflicts, and greatly enhancing the joint force to respond to global challenges. On the demand side, more export opportunities will be created for each other and other countries as the two countries' economies develop better; on the supply side, the reconciliation between the two countries will make large reserves and duplicate backups unnecessary, and more resources can be used for development; in terms of the global economic governance environment, with the joint promotion of the two major countries, international economic and w88 rules will be easier to reach agreement, w88 and non-w88 barriers will be widely dismantled, the cross-border flow of factors will become smoother, resources will be better allocated, and a better world can be expected.

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