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0 White Paper on the Business Environment in China
however, Sino-US relations had a good start but was equivalent to the combined total of the US
with a bumpy ride before being stabilized. On and Japan—an unprecedented record in Chinese
April 1, 2009, Presidents Barack Obama and Hu history. At the current growth pace, China’s factory
Jinao announced the establishment of the high- output would be as much as the sum of the US,
level Strategic and Economic Dialogue (SED) co- Japan and Europe in 10 years (Canrong).
chaired by Hillary Clinton and Timothy Geithner on
the US side and Dai Bingguo and Wang Qishan on In 2014, President Obama became the first
the Chinese side. Then on May 16, 2009, Obama president to formally state that the US recognized
personally announced the nomination of Jon Tibet as a part of China but also encouraged the
Huntsman Jr., the Republican Utah Governor to fill Chinese authorities to take steps to preserve the
the position of Ambassador to China. Huntsman unique cultural, religious and linguistic identity
was the only ambassador in the Administration of the Tibetan people. Obama’s policy toward
to be personally announced by the President. China has built on the efforts of every presidential
Later that year, President Obama and Secretary administration since Richard Nixon. It has been
Clinton made a high-profile trip to China, Obama's grounded in several principles: accepting increased
first visit to the country. It was also Obama's first influence for a China that rises peacefully and
presidential Asia trip since he was inducted. At the plays by international rules; building an extensive
end of President George W. Bush’s second term, network of interconnections and ties with Chinese
the US-China relationship was heading in the right elites and ordinary people; providing assurance
direction on both fronts. Under President Barack to allies and partners in the region of enduring
Obama, significant progress was made on some US security commitments and presence that will
issues, but the US-Chinese security relationship meet any foreseeable challenge; and creating a
and the Asia-Pacific region in general were tenser formal framework of multilateral cooperation
than they were at the start of 2009. encompassing the United States, China, and
various regional states (Bader).
Behind the US adjusting its global strategy
to return to the Asia-Pacific is the rise of China: Conclusion
within a space of three years, China held three
high-profile events—the Olympic Games in 2008, In weighing the state of US-China relations,
the military parade in 2009 and the World Expo in it might be best to remember Zhou Enlai, who
2010. Moreover, in 2010 China surpassed Japan served as China’s premier from 1949 to 1976.
to become the world’s second largest economy, When he was asked for his opinion of the 1789
and overtook the US in manufacturing output and French Revolution, he demurred: “It’s too early to
power generation. US pragmatic strategists are say.” To analyze history as it unfolds presents an
keenly aware that manufacturing is the foundation even riskier and more challenging proposition.
of industry. Strong manufacturing comes with Among America’s postwar presidents, Obama has
strong military power, and with strong military placed the least emphasis on a “top dog” image
power comes the ability to compete for global of the United States. Instead, he has stressed
leadership. Obama’s two terms saw improved the need for the United States to integrate itself
equality in the balance of power between the into a changing world rather than stomp around
US and China. China smoothly completed its arrogantly and blindly. This principle is consistent
leadership transition at the 18th CPC National with his enthusiastic participation in the G-7 and
Congress. By purchasing power parity (PPP), G-20. He has repeatedly expressed that “the
China overtook the US as the largest economy in United States welcomes the rise of China,” and
2014, which, in terms of historical significance, he characterizes the US-China relationship as
can compare to the US surpassing Britain in real the most important bilateral relationship of our
GDP in 1872. By mid-2016, China’s real GDP was time. Globalization and domestic aspirations
already 12 percent higher than that of the US. for diversity are also reflected in the historic
At the end of 2015, China’s total manufacturing
output represented 150 percent of the US, or
30
however, Sino-US relations had a good start but was equivalent to the combined total of the US
with a bumpy ride before being stabilized. On and Japan—an unprecedented record in Chinese
April 1, 2009, Presidents Barack Obama and Hu history. At the current growth pace, China’s factory
Jinao announced the establishment of the high- output would be as much as the sum of the US,
level Strategic and Economic Dialogue (SED) co- Japan and Europe in 10 years (Canrong).
chaired by Hillary Clinton and Timothy Geithner on
the US side and Dai Bingguo and Wang Qishan on In 2014, President Obama became the first
the Chinese side. Then on May 16, 2009, Obama president to formally state that the US recognized
personally announced the nomination of Jon Tibet as a part of China but also encouraged the
Huntsman Jr., the Republican Utah Governor to fill Chinese authorities to take steps to preserve the
the position of Ambassador to China. Huntsman unique cultural, religious and linguistic identity
was the only ambassador in the Administration of the Tibetan people. Obama’s policy toward
to be personally announced by the President. China has built on the efforts of every presidential
Later that year, President Obama and Secretary administration since Richard Nixon. It has been
Clinton made a high-profile trip to China, Obama's grounded in several principles: accepting increased
first visit to the country. It was also Obama's first influence for a China that rises peacefully and
presidential Asia trip since he was inducted. At the plays by international rules; building an extensive
end of President George W. Bush’s second term, network of interconnections and ties with Chinese
the US-China relationship was heading in the right elites and ordinary people; providing assurance
direction on both fronts. Under President Barack to allies and partners in the region of enduring
Obama, significant progress was made on some US security commitments and presence that will
issues, but the US-Chinese security relationship meet any foreseeable challenge; and creating a
and the Asia-Pacific region in general were tenser formal framework of multilateral cooperation
than they were at the start of 2009. encompassing the United States, China, and
various regional states (Bader).
Behind the US adjusting its global strategy
to return to the Asia-Pacific is the rise of China: Conclusion
within a space of three years, China held three
high-profile events—the Olympic Games in 2008, In weighing the state of US-China relations,
the military parade in 2009 and the World Expo in it might be best to remember Zhou Enlai, who
2010. Moreover, in 2010 China surpassed Japan served as China’s premier from 1949 to 1976.
to become the world’s second largest economy, When he was asked for his opinion of the 1789
and overtook the US in manufacturing output and French Revolution, he demurred: “It’s too early to
power generation. US pragmatic strategists are say.” To analyze history as it unfolds presents an
keenly aware that manufacturing is the foundation even riskier and more challenging proposition.
of industry. Strong manufacturing comes with Among America’s postwar presidents, Obama has
strong military power, and with strong military placed the least emphasis on a “top dog” image
power comes the ability to compete for global of the United States. Instead, he has stressed
leadership. Obama’s two terms saw improved the need for the United States to integrate itself
equality in the balance of power between the into a changing world rather than stomp around
US and China. China smoothly completed its arrogantly and blindly. This principle is consistent
leadership transition at the 18th CPC National with his enthusiastic participation in the G-7 and
Congress. By purchasing power parity (PPP), G-20. He has repeatedly expressed that “the
China overtook the US as the largest economy in United States welcomes the rise of China,” and
2014, which, in terms of historical significance, he characterizes the US-China relationship as
can compare to the US surpassing Britain in real the most important bilateral relationship of our
GDP in 1872. By mid-2016, China’s real GDP was time. Globalization and domestic aspirations
already 12 percent higher than that of the US. for diversity are also reflected in the historic
At the end of 2015, China’s total manufacturing
output represented 150 percent of the US, or
30
