The end of the Cold War and China’s integration into the world economy generated the context that led to a serious soul searching for China’s “identity” in the international system. While a shifting balance of power, socialization, and crises have driven China’s involvement in global governance, they have not led to similar advancement in U.S.-China cooperation in global governance.

The United States, China, and other nations are now faced with the decision as whether they will work together to put Venezuela on a more sustainable political and economic course. At some point soon, Beijing will have to determine whether China stands a better chance of realizing its fundamental interests by supporting Maduro or by working with the international community to press for change.

Traveling in each other’s company and benefiting each other should be the form and path to effective China-U.S. cooperation, as building a community of shared future for all mankind requires partners with shared objectives instead of fellow travelers who meet by chance and lack mutual trust.

On the evening of June 14, 2017, Foreign Minister Wang Yi attended upon invitation the reception of the Shanghai Cooperation Organization (SCO) Day held by SCO

As things stand, with four more years of the Trump Administration, China will have the field wide open for its continued ascent into global power. However, China should be wary of the dangers posed by overconfidence, great power chauvinism and a growing sense of entitlement that unbridled nationalism and unchecked leadership may breed.

Moon needs practical and operational measurements and outcomes, as well as ambition and determination to tackle the challenges of inter-Korean relations. And yes, there surely are opportunities and advantages for the South Korea to take. But the government has to be very careful to turn them into positive forces, so that a revival of “Sunshine” isn’t weakened to mere “Moonlight” as the pessimists have predicted.

It is not ideology that Beijing should count on, then, but incompetence. With TPP and the Paris Agreement, the Trump White House has been driven by rank opportunism – not in pursuit of a coherent set of policy goals, but rather to claim alpha status by the simplest means available.

The following are remarks by C.H. Tung, Chairman of the China-United States Exchange Foundation, at the High-Level Dialogue on US-China Economic Relations in New York on June 14, 2017. The dialogue was co-hosted by the China Center for International Economic Exchanges and the Asia Society Policy Institute.

As cooperation advances and with a shared position on climate change, China-EU relations are likely to maintain a momentum of steady growth, and cooperation will become increasingly important in this world of increased uncertainties about the US.

While the BRI will provide China with geopolitical gains as well as costs, it is unlikely to be as much of a game changer in grand strategy. A more difficult question is whether the US can live up to its part.