Amid threats such as climate change, more exchanges and dialogues between young people in the US and China can help forge trust. Hong Kong also has a crucial role to play when it comes to connecting youth across the Pacific, owing to its unique concentration of intellectual capital.
If the European Union moves forward with tariffs on Chinese electric cars, it could prompt Beijing to retaliate against Europe’s aviation and agricultural sectors. Instead of undermining world trade, the EU should talk to China to find solutions acceptable to both parties
The governance that was set up by the victors of World War II no longer reflects the actual balance of powers. France and China, two countries deeply attached to multilateralism, can play a role in establishing a global order that better reflects the new reality.
As Bretton Woods institutions falter, nations like China are pushing for reform that reflects the global reality amid challenges such as debt distress and climate change. While the most likely scenario is marginal changes to the international monetary system, multilateral collaboration should not be underestimated.