Now, if we look at some of the key issues that exist
in American views towards China.
Here we can see we have a list, this was taken from PEW again.
And what do Americans worry about?
And you can go through this in detail, but you can see that loss of US jobs,
human rights are still a big issue, trade deficit, which I mentioned before, and
here, fairly down into the 40% but still, China's growing military power.
Now here you can see overall as well.
This is a table, a figure that maps,
the yellow is favorable views of China in the United States.
And the blue line here is unfavorable views.
And, as the title of the slide says basically from 2012,
which is interesting, the time that takes over, right, or
even back here 2011 when China becomes more assertive in its foreign policy.
The view in America starts to decline significantly, right?
If we look also at inter-ministerial relations, every year there are what
are called the Strategic Dialogue between top government officials.
And it's just one of 60 dialogues between officials of the two countries.
So in this sense, there really is a lot of goodwill within this relationship.
Shale energy, cross border drug smuggling, global warming,
North Korea, there's a lot of interaction between the United States and
China that can be seen in a more positive way.
The US military, in fact, prefers to have more engagement with China because it
hopes that this increase in transparency will then give them more information.
But again, Yan Xuetong calls this a false friendship, which is not deeply rooted and
very vulnerable to rapid shifts in domestic politics on both sides.
And in fact, we've seen that.
Now from the political economy perspective,
Chinese investment in US has become very important.
it's also, it's purchasing a products from the US, for example, Washington State.
It's a big trading partner with China, it sells Boeing aircraft, it sells apples.
So China has influence in some particular states.
Also there are 11 states that export energy to China and
they have strong interest in good US, China relations.
And the US exports to China has been a major
source of growth for US exports, more than anywhere else.
But the Chinese government has made it more difficult for
multinational corporations, they've investigated companies for
the prices they charge Chinese customers.
They've gone into their offices, not easy.
On the other side, the US has tried to help China in ways like
shale gas extraction, which I talked about.
Now, here again, we can see if we look at trade interdependence.
And so the argument is that neither side is dependent on the other but
that in fact, it's become highly interdependent, right?
And so here you can see Sino-US trade as a percentage of
China's total trade was at 17% back in 1998.
And it's share, sort of the use China has become less
dependent on the US and more dependent on other countries.
So that's gone down.
On the other hand, Sino-US trade as a percentage of US total trade.
So if you look at sort of what's the US, and largely its exports,
you can see that whereas for the US, China was only 2.7% of its trade.
That has gone up dramatically in 2014 to 10.7%.
And you can see that these two numbers are pretty close, right?
So we've got these trends that are coming together, and therefore,
you could really talk about interdependence.