Sino-US Economic and Geopolitical Competition under the American Rebalance to Asia strategy

Since entering 21 centuries,the Asian region has become the focus of international attention.The Trans-Pacific Partnership (TTP) and the“One Belt, One Road”(OBOR) strategy are major strategic initiatives launched by the United States and China in response to the American rebalance to Asia strategy.The economic and geopolitical competition between China and the United States in the Asia-Pacific region will continue and intensify for quite some time.What is important is that both sides should look at each other’s differences with an open and tolerant mindset and seek a win-win situation through dialog and cooperation.