The Sino-American Decade
The next ten years will be characterized by major structural shifts in individual economies and a huge reconfiguration of the global economy as a whole. Above all, much depends on the two largest economies, China and the US, and their leadership in creating global public goods and maintaining a stable and open economic environment.
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HONG KONG – The California summit between US President Barack Obama and Chinese President Xi Jinping on June 7-8 comes at a time of heightened tension between the world’s two preeminent powers. But divisive issues – from computer hacking to America’s “pivot to Asia” – must not claim all of the attention. If Obama and Xi lift their heads above the parapets and begin charting a jointly agreed course through the coming decade, they may find that they have much in common.