In a recent interview with Xinhua, Jeffrey Sachs, a renowned professor of economics at Columbia University, highlighted the significance of China’s economic success for the United States and the global community. He asserted that a prosperous China is beneficial not only for itself but also for the US and the world at large.
“The trade relationship between the two countries should be mutually beneficial, rather than a win-lose situation,” Sachs stated, emphasizing the importance of collaboration over competition. He advocated for a bilateral approach grounded in mutual respect, cooperation, and constructive dialogue.
“The idea of mutual respect, cooperation, dialogue, and jointly problem-solving is really wise and of paramount importance,” he added, underlining the necessity for both nations to engage in open communication to address global challenges effectively.
Sachs’s remarks come at a time when international trade dynamics are evolving rapidly, and his insights shed light on the potential for enhanced collaboration between the US and China. By focusing on shared interests and cooperative strategies, both countries can contribute to global stability and prosperity.
The esteemed economist’s perspective resonates with stakeholders worldwide who are keen on fostering positive economic relations and addressing pressing global issues through joint efforts.
Reference(s):
cgtn.com
