Promoting More China-U.S. Interdependence Is the Best Way to Guarantee Peace, Summers Says

(Singapore) — The U.S. and China can build a stronger relationship through collaborating on areas such as the climate, structuring of multilateral development banks, and the strengthening of global capital markets, said former U.S. Treasury Secretary Lawrence Summers at a Caixin-hosted business forum on Monday.

“I think that the United States needs to reassure China that it is not our objective to hold China down economically, or to make it impossible for China to achieve economic power, strength, and global influence,” Summers said, emphasizing a need for “strategic reassurance” on both sides.