![]() ![]() Second, we seek a healthy economic relationship with China: one that fosters growth and innovation in both countries. Our goal is not to use these tools to gain competitive economic advantage. Even as our targeted actions may have economic impacts, they are motivated solely by our concerns about our security and values. And we will not hesitate to defend our vital interests. We will clearly communicate to the PRC our concerns about its behavior. Our economic approach to China has three principal objectives.įirst, we will secure our national security interests and those of our allies and partners, and we will protect human rights. ![]() And we should work together, when possible, for the benefit of our countries and the world. Both countries need to be able to frankly discuss difficult issues. Within that context, we seek a constructive and fair economic relationship with China. We also remain firm in our conviction to defend our values and national security. We remain the largest and most dynamic economy in the world. The United States proceeds with confidence in its long-term economic strength. My goal is to be clear and honest: to cut through the noise and speak to this essential relationship based on sober realities. So today, I would like to discuss our economic relationship with China. Yet our relationship is clearly at a tense moment. Progress on these issues requires constructive engagement between the world’s two largest economies. report released last month indicates that the Earth is likely to cross a critical global warming threshold within the next decade – if no drastic action is taken. Some nations, including our own, have faced pressures on their economic and financial systems. Debt challenges are mounting for low- and middle-income countries. ![]() The world is confronting the largest land war in Europe since World War II – just as it recovers from a once-in-a-century pandemic. This has come as China is striking a more confrontational posture toward the United States and our allies and partners – not only in the Indo-Pacific but also in Europe and other regions. Congress and successive administrations played a major role in supporting China’s integration into global markets.īut in recent years, I’ve also seen China’s decision to pivot away from market reforms toward a more state-driven approach that has undercut its neighbors and countries across the world. Its development was supported by assistance from the World Bank and other international economic institutions. In the years that followed, I saw China choose to implement market reforms and open itself to the global economy, driving an impressive rise into the second-largest economy in the world. And I heard our two countries begin to speak to each other again after decades of silence. I watched President Nixon make his famous journey to China in 1972. In the 1970s, our relationship was defined by rapprochement and gradual normalization. Since I began my career, the relationship between the United States and China has undergone a significant evolution. And they demonstrate that people around the world can learn from one another if we communicate openly and honestly – even and especially when we disagree. But I believe the students on this campus have served as a reminder of the respect that the American and Chinese people have for each other. This collaboration has been tested by the realities and complexities of our bilateral relationship. The result: the establishment of the Hopkins-Nanjing Center in 1986 – one of the first Western academic programs in modern China. The goal was to see whether Johns Hopkins and Nanjing University could partner together to educate future leaders. Just two years after, your university leaders had their own talks with their Chinese counterparts. In 1979, the United States established full diplomatic relations with the People’s Republic of China. SAIS has one of the oldest and most extensive China studies programs in the country. I’m particularly glad to be at this institution. I’m grateful for your contributions – not only during your time in government but here at SAIS. And thank you for your service to our country. Dean Steinberg, thank you for your kind introduction. ![]()
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