A rising power’s identity
She added that while a US-China G2 has yet to be formally institutionalised, the meeting between the Chinese and US presidents in Beijing in May attracted global attention.
Chan said stable China-US relations would create more room and opportunities for other countries. At the same time, she noted that both the international community and Chinese policymakers themselves are asking what kind of great power China will become. “China does not want to be like the US, but what kind of power should it be? I think China is trying to work that out.”
US policy towards China is shifting from strategic decoupling to exploring a “manageable trade” relationship. “This is a very big change.” — Zhao Minghao, Deputy Director, Centre for American Studies, Fudan University
Speaking on the same panel, Zhao Minghao, deputy director of the Centre for American Studies at Fudan University, said the May meeting between the Chinese and US presidents in Beijing produced a consensus on building a “constructive strategic stability relationship”. This was a positive development, but the challenge lies in the limited domestic support in the US. How to make this consensus operational, institutionalised and sustainable beyond 2028 remains “a very big challenge”.
On the outlook for China-US relations, Zhao said that in the economic sphere, US policy towards China is shifting from strategic decoupling to exploring a “manageable trade” relationship. “This is a very big change.”
US President Donald Trump and Chinese President Xi Jinping stand together as they tour the Temple of Heaven in Beijing, China, on 14 May 2026. (Evan Vucci/Reuters)