Formal China-US G2 framework key to ‘guarantee’ world peace: top Beijing adviser

Noted political scientist Zheng Yongnian argues that de facto ‘Group of Two’ structure has already emerged between the rival powers Zheng Yongnian, a noted Chinese political scientist, said the world was faced with four intertwined challenges – geopolitical conflicts, increasingly “religionised” societies, imbalances in the global economy and the fading of the UN-centred governance system. He characterised this collective breakdown as a “crisis of modernity”. A pressing question was how to move beyond the US’ or European Union’s bilateral trade disputes with Beijing, to rebalance the global economy by having all three sides work together, Zheng told the Baichuan Forum in Shenzhen, southern China, on Saturday. Zheng, dean of the school of public policy at Chinese University of Hong Kong, Shenzhen, argued that China and the United States might each adopt an “open-source” approach to international development, applying their strategies to regions where they held a distinct comparative advantage.

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