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Sun Xia: China-U.S. Competition and Cooperation
March 19, 2018 @ 4:30 pm - 6:30 pm
Guest lecture by Sun Xia, a Research Associate at the Institute at the Institute of International Relations at Shanghai Academy of Social Sciences, Shanghai, China on energy crisis.
Over the last four decades China’s economy has been growing by leaps and bounds. In the late 80s and 90s China’s Gross Domestic Product (GDP) annual growth rate had been in the double digits. Even though recently, China’s economy has started to cool down with its GDP annual growth rate hovering around six percent. China now has the second largest economy. Over the same period of time China’s demand for foreign oil has been increasing from 30% in 2000 to approximately 57% in 2014, reached 69% by the end of 2016, and is expected to reach 80% by 2040.
The US on the other hand reached its height for demands of foreign oil around 2005, and it has been declining ever since. In the Middle East the oil producing countries see their markets moving away from the west towards the east.
The world is in a rare situation where the second largest economy is quickly approaching and will eventually overtake the first largest economy. The question that has to be asked is can China and the United States sidestep the “Thucydides Trap” and the “Kindleberger Trap”, and jointly chart bilateral ties based on a long-term perspective through energy cooperation?
Dr. Sun Xia is a Research Associate at the Institute of International Relations a unit in Shanghai Academy of Social Sciences. Her research interests includes Energy Security, China’s Energy Policies, China’s Diplomacy and the Protection of Oversea Interests, as well as Global Governance of Climate Change. Sun has contributed extensively to leading international conferences in China, Saudi Arabia, South Korea, the United States, and numerous other countries
Cosponsored by the University of North Carolina Department of Public Policy