US, China must work out 'constructive cooperation' for stable global order: Heng Swee Keat
TOKYO - The United States and China need to accept new realities, come to terms with their global responsibilities, and rebuild trust in their relationship and bring stability to the world order, Singapore's Deputy Prime Minister Heng Swee Keat said here on Thursday .
Mr Heng, who is on a three-day visit to Japan, was addressing the 25th Nikkei Future of Asia conference themed"Seeking A New Global Order - Overcoming The Chaos".He said Sino-US ties, which he described as the most important bilateral relationship in the world, is key to continued peace and prosperity both in Asia and the world.
“It is important to clarify what each is intended to achieve,” he said later in a dialogue session with Nikkei senior editor Sonoko Watanabe. Chinese state media said on Wednesday that Beijing was ready to strike back using its dominant position as an exporter of rare earths to the US as leverage in the trade war."As both the US and China harden their positions, there are fears that the global order will end up in another Cold War. However, the context of US-China tensions is fundamentally different from the Cold War," Mr Heng said.
While the relationship between the US and China is complex, Mr Heng said, it is also highly interdependent, and so, it is in the interest of both countries to"work out a new model of constructive cooperation". Still, while China has said it will continue to open up, it will need to convince sceptics that it will actually do so.
He acknowledged that Singapore’s youth may be more open to opposition views, having grown up in relative affluence and with more exposure to the world than their elders whose main concerns were to put food on the table and have a roof over their head.
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