Dr Fu Yuning is the Chairman of China Resources Holding and a member of the National Committee of the 12th Chinese People's Political Consultative Conference (CCPPCC). In this interview with James Chau, he talks about the transformed role of state-owned enterprises in China, and lends his insight on how foreign-owned businesses can continue to leverage opportunities in China, especially around healthcare. This interview was recorded at the US-China Trade and Economic Relations Forum in Hong Kong on 9-10 July, 2019.

Americans are generally in favor of trade - 56% of U.S. adults said that free trade agreements have been good for the country as a whole, according to a 2018 Pew Research Center poll. Trade lowers consumer prices, leads to a greater selection of products, and opens new markets for Americans to sell their products.

I. M. Pei, one of the most revered architects in the world, died in New York on May 16, 2019. He was 102. Pei’s best known designs are the East Building of the National Gallery of Art in Washington and the glass pyramid at the entrance to the Louvre in Paris.

A good US-China relation is good for China. It's also good for America. But one other thing we must remember, good US-China relations is good for the world at large.

Harvard Professor Joseph Nye discusses the need for the U.S. to adjust its foreign poicy attitudes. “We can’t think just of power ‘over’ other countries, we have to think of power ‘with other countries,” he asserts. “ Whether it be transnational terrorism or whether it be cyber-relations, whether it be global pandemics, these are issues where nobody is going to be able to accomplish it by themselves, so we're going to have to develop these networks of cooperation if we're going to govern and manage these types of processes,” he says during an interview with James Chau, Editor-at-Large of China-US Focus. And that means that “we're condemned to cooperate, because if we don't, we are really just condemned,” he says.

In an interview with James Chau Editor-at-Large of China-US Focus, Harvard Professor Joseph Nye likens the current state of the U.S.-China relationship as a “cooperative rivalry.” He says that there are going to be elements of rivalry— take for example, issues like the South China Sea, but there are going to be areas of cooperation, areas like climate change. “We have to learn to realize that the relationship is going to be complex, but if we lose sight of the cooperative part of the relationship, we're all going to be the worse off for it,” he says. Nye also dismisses the assertion that China is a existential threat to the United States. “I think in the long run, the US and China do not present existential threats to each other. Neither of us is trying to destroy the other. And that means that the rivalry is something we can manage.”

He Yafei argues that the balance of power is shifting in favor of emerging markets, causing anxieties among US elites that “the world is not theirs anymore.” Nobody can live about the rules in a world of shared interests and responsibilities and shared destiny, he asserts.

At a meeting on the margins of the G20 in Argentina, President Xi Jinping of China and US President Donald Trump agreed not to escalate the trade tensions between the two largest economies and give time for negotiators to reach a deal.