PANEL DISCUSSION 3. China-U.S.: Competition, Interdependence, Global Context

The rivalry is becoming protracted, and the consequences of this confrontation are spreading to many spheres of the world economy and politics. As mutual political trust between the two countries wanes, the threat of military conflict increases. Having achieved tremendous growth over several decades, trade between the U.S. and China has begun to decline in 2023. The original premise of the “trade war“ was the expectation that China was too dependent on export markets and would therefore be forced to accept American demands. Western policies of “decoupling“ and “risk reduction“ have been accompanied by an increased use of trade barriers and technological prohibitions. Moderator: Sergey Ryabkov, Deputy Minister of Foreign Affairs of the Russian Federation. Speakers: — Zhang Yuyan, Director of the Institute of World Economics and Politics (IWEP), Chinese Academy of Social Sciences (CASS), China; — Robert Legvold, Professor Emeritus of the Department