Paul Sheard is M-RCBG Senior Fellow at Harvard Kennedy School. He has held chief economist positions at leading financial institutions in Tokyo and New York.
China’s increasing economic strength will bring commensurate military power, and it will not be eager to change what has worked so well. The US and China must work closely together, and with others, to create global security and prosperity.
A headline-grabbing deal at the G20 meeting between Trump and Xi is unlikely. China-US differences are systemic and structural, but with flexibility and compromise, the world’s two superpowers could work together to reshape the liberal international order.