As Chinese leaders reiterate, the Pacific is wide enough to support the development needs of both China and the U.S. China’s huge development has never relied on challenging American leadership in the international system, and the Chinese achievements have contributed to global economy and prosperity. Eager to work with the U.S. for peace and development, China sees no reason for the American game in China’s periphery.

Globalization is always an evolving process, with inevitable ups and downs and not moving in a linear fashion. Despite populist reservations in the US and UK, the international community has become intertwined and interdependent, thanks to global free trade and investment. Cooperation to tackle global challenges will continue while more efforts will address the “global governance deficiency” in promoting social justice and fairness such the widening gap between rich and poor both domestically and among nations.

If the Trump administration offers opportunities to improve U.S.-Thai relations, Bangkok will likely move to maximize them. What gains Washington may reap, however, can only be calculated when the shape and direction of a Trump foreign policy are more clearly defined.

The U.S. has long used dialogue to prod China to act in a manner supportive of global norms and institutions. In 2005, then Undersecretary of State Robert Zoellick gave a speech where he called on China to start acting as a responsible stakeholder of the global governance regime. Some eleven years later, the lectured became the lecturer. Rather than the U.S. lecturing China, China is calling on the U.S. to act responsibly in relation to global trade and climate norms.

China and Pakistan are forming an ““iron friendship” through the China-Pakistan Economic Corridor (CPEC), and it is becoming widely influential in the region. Although negotiations with the Pakistani government have been effectively turned over to the military, Pakistan and China hope to develop, the coastline, particularly port and naval cities like Gwadar and Omara. Pakistan has long eyed developing Gwadar as a bridgehead for commercial activity, and the robust military relationship between China and Pakistan and the unfolding strategic power play in the Indian Ocean add a huge security dimension to the CPEC.

Expectations are high as leaders meet to promote strong trade and investment liberalization and facilitation, and develop partnerships characterized by inter-connectivity, unity, consultation, development and shared benefits.

Trump’s security and diplomatic policies may offer opportunities for China, but that would be secondary compared with the damage he may inflict on China-US economic and financial relations. The China-US economic and financial relationship means a lot to the Chinese economic health at home, especially in the face of the nativism, populism and nationalism that seems to be sweeping the globe.

Traditional hands-off posture toward foreign entanglements could well be the hallmark of the incoming administration, as it pursues the new president’s call to put “America first”. It remains to be seen whether that is a formula for isolation or trade wars in the modern era.

Donald Trump’s ascension to the presidency in 2017 will also make him the new commander-in-chief of the United States Armed Forces, with a large say over the question of war and peace in the next four years. While some see his strongman style as reminiscent of Theodore Roosevelt’s Gunboat Diplomacy, there are too many known unknowns about Trump’s defense policies to predict how he would react in the event of war or a perceived threat.

A president-elect’s promises and actual policies are always two different things. “Putting America first”, Trump’s chief consideration, means that a quick expansion of the U.S. role in international affairs doesn’t look likely in the near future. But remarkable shrinkage in U.S. diplomatic and military activities in the world will not happen very soon either.