Much can be accomplished before President Obama leaves office in developing the new model of major-power relations along the lines China’s President Xi has proposed, and there is good reason to expect such accomplishments.

The US strategy ignores the legitimate desire of most countries for peace and development and upsets the natural balance in the region. If Washington insists on playing the role of “regional balancer” under a misguided Cold War mentality, it would achieve nothing but create imbalance and walk right into the “hegemon’s trap” despite repeated historical lessons.

The following is the text of the prepared speech by C.H. Tung, chairman of the China-United States Exchange Foundation, at the Carnegie Endowment for International Peace in Washington, DC on May 11,2016.

China is but one factor in the two Anglophone countries’ diverging outlooks: President Obama has warned that China should not undermine international order and that the rules of global economy cannot be written by China, the UK has sensed that the evolution and reform in international system bring about opportunity for Britain, and is ready to seize upon it.

Obama will visit Hiroshima on May 27th when he attends the G7 summit held later this month in Japan. However, the visit may backfire and hurt Japan by touching off an inconvenient chain reaction. By fixating on the nuclear trauma while blotting out recollections of Japan’s victimization of others, Japan’s sense of its role as a victimizer has been weakened.

The following is the prepared speech by Antony J. Blinken, Deputy Secretary of State of the United States in his testimony before the Senate Foreign Relations C

Dialogue has been the path to a constructive relationship between Washington and Beijing, most recently on the long-contentious issues of cyber security. There is a wide range of areas for further Sino-US cooperation, including challenges in global hotspots, bilateral economic, trade and investment cooperation, people-to-people exchanges, military-to-military exchanges and security cooperation.

The following is the prepared speech by Antony J. Blinken, Deputy Secretary of State of the United States in his testimony before the House Foreign Affairs Comm

Chinese President Xi Jinping on April 28 addressed the opening ceremony of the fifth foreign ministers' meeting of the Conference on Interaction and Confidence Building Measures in Asia (CICA) in Beijing, further elaborating his vision on security in Asia. He also touches upon China's position on security hotpots in the region, including North Korea, Afghanistan, Syria and South China Sea.

U.S. Secretary of Defense Ashton Carter visited Delhi in mid-April, and along with $14 billion in supposed defensive military items from the U.S., as well as a cancelled Beijing trip, unease has spread in China’s defense community. It appears that mutual concerns about China’s ambitions are principal driving force in the China-U.S. bilateral relationship.