Can the United States, China and Russia Cooperate on Trade?

The 2016 G20 summit in Hangzhou is fast approaching and, similar to the pre-summit meetings hosted by China throughout the year, the focus will be the state of the global economy. Still contending with sluggish global economic growth, the summit ’s theme of “Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy” is especially timely. Under the umbrella of global economic growth, cultivating opportunities for trade and investment will become a major priority for G20 states, and three global powers—the United States, China, and Russia—are each developing their own multinational trade route projects. These major trade projects could serve as opportunities for cross-country cooperation and growth, but they could also become sources for future conflict.China ’s management of domestic markets, currency, and commitment to structural reforms was a cause for global concernat the first meeting of G20 Finance and Central Bank Governors in February. At next week ’s summit, China’s President Xi Jinping will undoubtedly point out China’s efforts towards realizingsupply-side structural reforms in the face of China ’s “new normal” of slower economic growth. As part of these reforms aimed at rebalancing China’s economy, Beijing plans to cut industrial overcapacity, tackle overhanging debt, reform state-owned enterprises, and seek out new consumer markets. On the last point, Beijing is championing its Ne w Silk Road Initiative (also known as ...
Source: Cato-at-liberty - Category: American Health Authors: Source Type: blogs