Asia & the Pacific

Once again, new economic readings from the World Bank's International Comparison Program have fed into the long-going debate over whether China is surpassing the United States as an economic and financial power. And once again, the answer to that question is a qualified "no."

Ambassador Nicholas Burns, Roy and Barbara Goodman Professor of the Practice of Diplomacy and International Relations, Harvard University, discussed the effect the current pandemic has on the relationship between Europe and the United States with Atlantik-Brücke-Chairman Sigmar Gabriel.

The Covid-19 pandemic is prompting reconsideration of issues that were thought to be settled. One is the wisdom of China as a hub in vital supply chains, a reality driven by cost considerations and the belief that integrating China into the global economy would moderate Beijing’s behavior. Unfortunately, China hasn’t moderated. Beijing has been an unreliable supplier that pressures trading partners.

In recent years the crisis of the transatlantic relationship and the North Atlantic Treaty Organization (NATO) has become a common theme in media, and various scholars have frequently questioned the futures of both entities. Not only are the new sovereigntist and populist trends within the NATO members calling the relevance of the transatlantic relationship into question, but some have found a reason to identify a crisis in the transatlantic relationship from the rise of global actors and the emergence of China as a great power in particular. China’s economic recovery after its “century of humiliation” is reshaping the international geopolitics and shifting the economic epicenter of the world from the Atlantic to the Pacific. 

Former U.S. Secretary of State Rex Tillerson offered his take on global leaders and hotspots, from Iran and Saudi Arabia to North Korea and Syria. He was joined by Professor Nicholas Burns, Professor James Sebenius and Professor Robert Mnookin.

If a symbolic denouncement is indeed the goal, Magnitsky sanctions are likely the right tool, as they would send a powerful message of solidarity with protesters to both the Hong Kong and mainland authorities. 

The Aspen conversation wasn’t a call to arms against China, but rather a call to prudent national security policy.