West can and must live with a rising China: Financial Times commentator

Source: Xinhuanet| 2018-04-14 20:20:38|Editor: Yamei
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BEIJING, April 14 (Xinhuanet) -- "The west can and must live with a rising China," wrote Martin Wolf in an article published in Financial Times recently.

The following are the main points of the writer.

China is an emerging superpower.

It is quite unlikely that China's overall economy will not end up far bigger than that of the U.S.

China is already a more important export market than the U.S. for many significant countries, particularly in east Asia.

China is spending almost as big a share of GDP on research and development as leading high-income countries. This is a driver of Chinese innovation.

It is a universally accepted right of nations to develop.

The U.S. can try to protect its intellectual property. But any idea that it is entitled to prevent China from innovating its way to prosperity is mad.

The U.S. is right to insist that China abide by its commitments. But then so must the U.S. and the rest of the west.

China's future is up to China. But the west's relations with China are up to it. That relationship can surely be managed.