Document Type
Contribution to Book
Source Publication
Protests, Pandemic, and Security Predicaments: Hong Kong, Taiwan, China, and the US in the 2020s
Link to Published Version
https://link.springer.com/book/10.1007/978-3-031-33776-5
Publication Date
6-2023
Editor
Wei-chin Lee
Publisher
Palgrave Macmillan
ISBN
978-3-031-33775-8
First Page
277
Last Page
309
Department
Political Science
Description
Excerpt from Introduction
Cooperation and competition have characterized the nature of the complex US-China relationship for decades. Despite differences in their political systems, values, and national interests, the two countries had been able to work together in dealing with bilateral, regional, and global issues until the relationship sharply deteriorated as a result of recent strategic rivalry. Economic cooperation has served as a bedrock of US-China relations. When political and diplomatic relations are strained, which happens from time to time, it is common economic interests that help keep the relationship cohesive. The business communities on both sides are often the strongest defenders for friendly relations. In the 1990s, for example, as China was applying for World Trade Organization (WTO) membership, the two countries were in dispute over China’s human rights record. It was the business community that advocated engagement policy and played the leadership role in welcoming China’s inclusion in the world trading system.
Recommended Citation
Zhu, Zhiqun, "A Pyrrhic Victory? The Political Economy of US-China Competition from Trump to Biden" (2023). Faculty Contributions to Books. 300.
https://digitalcommons.bucknell.edu/fac_books/300