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Strategies & Market Trends : China Warehouse- More Than Crockery -- Ignore unavailable to you. Want to Upgrade?

To: RealMuLan who wrote (2081)	12/18/2003 1:22:18 PM
From: RealMuLan	Read Replies (1) \| Respond to of 6370

China-US Relations: From Strategic Competitor to Diplomatic Partner By W. Robert Warne President George W. Bush rolled out the red carpet for visiting Chinese Premier Wen Jiabao last week in Washington calling China a ¡°diplomatic partner.¡± These signs of rapprochement are a far cry from the cautious, suspicious approach of the two towards each other three years ago. Then the U.S. sought to check Chinese ascendancy, especially in the military field, calling it a strategic competitor. China got off to a bad start with the Bush administration by retaining the crew of the EP-3 reconnaissance plane. At first it appeared the two could become rivals for power. Instead, the war on terrorism and its threat to international order, along with North Korea¡¯s nuclear proliferation threats and other developments, have created opportunities for cooperation. Indeed, the two now seem determined to preserve the status quo: they seek to build upon their shared interests in order to promote global growth and stability. While there are many challenges ahead that could disrupt this high water mark in relations _ Taiwan, North Korea, U.S. trade actions, the yuan exchange rate, arms proliferation _ the positive Washington visit indicates that both sides are intent on managing issues to secure a constructive relationship. The implications for South Korea are great. Its two largest trading partners that also have central strategic importance on the peninsula are seeking to work together and manage their differences. Both are playing a pivotal role in North Korea. China as the largest aid and trading nation with North Korea appears ready to act as an arbiter and facilitator of negotiations. It has made it clear that North Korea should not pursue the development of weapons of mass destruction. China shares concerns over a nuclear arms race in the region. Its influence is critical to the success of the ROK¡¯s engagement policy. Similarly, the U.S. welcomes China¡¯s role and increasingly cooperates with it on North Korean issues. times.hankooki.com