Caixin Summit: U.S.-China Competition Needs More ‘Carrots,’ Expert Says
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The U.S. and China should compete using more “carrots” and fewer “sticks,” as the core of their rivalry lies in who can offer better value to the world, an American expert said Thursday.
Ultimately, the two sides need to find a viable way to coexist, Scott Kennedy, a senior adviser at the Center for Strategic and International Studies, said at the 16th Caixin Summit.
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- Scott Kennedy urges the U.S. and China to use more positive incentives than punitive measures in their global competition.
- He highlights concerns over escalating rivalry under Trump’s second term and stresses the importance of international cooperation and reform, including CPTPP expansion and potential WTO voting changes.
- Kennedy warns against rising fear politics and urges multilateral approaches to address global challenges like technology and economic policy.
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