The US has shown no desire to defend the arbitration award with force as hinted by the exercise in the Philippine Sea. Although the American strategic community now sees markedly greater risks of military conflict with China, US decision-makers also don’t believe that the US has the ability to change or stop China’s international conduct by force.

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.

Compared with diplomatic issues, the new administration is facing more challenges in domestic affairs, which is also more critical for Trump’s re-election four years from now. For a Trump administration, with the edge of the Republican-controlled Congress, it is urgent to promote domestic policies and reforms. The alliance system, therefore, is not among the top priorities or issues, and its institutional nature insulates it from the whims of a single individual.

Despite some real tensions, the two countries are using high-level exchanges, close cooperation on global issues and improved ties between their militaries to keep bilateral relations on an even keel.

(Fu Ying addressed at the Valdai International Discussion Club.)It's an honor to be invited to the Valdai International Discussion Club.Founded in 2004, the Val

Despite their differences as argued by Clinton and Trump, the televised encounter showed that protecting the interests of the United States will be the objective of whoever wins the White House.

The two governments have been rather successful in managing their differences and avoiding possible crises, and they have the determination and the ability to continue safeguarding the overall China-US relationship. In the new normal, both sides need to direct their efforts at clearly explaining to their people the strategic intent of no conflict and no confrontation as well as their willingness to cooperate.

The process of globalization has dramatically transformed state-to-state relations at regional levels: As bonds of community of interest are being formulated on greater scales, cooperation will become essential for coexistence in the future. China-US cooperation in the construction of regional order for the Asia-Pacific is not only in their fundamental interests, but also the two major countries’ historical responsibility for the area.

Washington and Beijing have strengthened cooperation in coping with global challenges as climate change and pandemic control, and seen remarkable achievements. Such co-existence and interweaving of competition and cooperation will become the New Normal of China-US ties for a fairly long period of time, though challenges in North Korea and Afghanistan will test that potential.

The main challenges for the post-Cold War world include: Control by and challenges from international capitals, legacies of the Cold War, asymmetrical threats such as terrorism, regional and transnational conflicts. The world must find proper and effective means to cope with such challenges and manage crises in a time when the mobility and interdependence of personnel, capital, goods and ideas are increasingly enhanced.