BEIJING - One of the biggest world developments in the past three decades has been China joining the global economy and that"story is far from over", Deputy Prime Minister Tharman Shanmugaratnam told a high-level forum in Beijing on Saturday .
The solution is to reform global financial governance which currently"lacks coherence", said Mr Tharman, who chairs the G-20 Eminent Persons Group which released a report on proposed reforms last October. A new, cooperative international order will have to emerge, and it will require a new relationship between the United States, China and other leading powers, said Mr Tharman; one which"involves a sharing of responsibilities and an updating of rules that enables China to take greater responsibility in maintaining an open world order"."We see that as essential. Not only for China to reach its full potential but for the global economy to thrive," he said.
"For two robust economies, it's remarkable how few habits of cooperation we have. Competition simply will not sustain us going forward."
Source: Financial Digest (financialdigest.net)
Not likely if one party cheats all the time and grabs territory of neighbouring countries.
yes, but wont happen till after Trump
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