The United States is currently the only country with the capacity and the ambition to exercise global primacy, and it will remain so for a long time to come. This means that the United States is the country that can exert the greatest strategic pressure on China. Although in recent years Beijing has refrained from identifying Washington as an adversary or criticizing its "hegemonism" -- a pejorative Chinese code word for U.S. dominance -- many Chinese still view the United States as a major threat to their nation's security and domestic stability.
Yet the United States is a global leader in economics, education, culture, technology, and science. China, therefore, must maintain a close relationship with the United States if its modernization efforts are to succeed. Indeed, a cooperative partnership with Washington is of primary importance to Beijing, where economic prosperity and social stability are now top concerns.
Fortunately, greater cooperation with China is also in the United States' interests -- especially since the attacks of September 11, 2001. The United States now needs China's help on issues such as counterterrorism, nonproliferation, the reconstruction of Iraq, and the maintenance of stability in the Middle East. More and more, Washington has also started to seek China's cooperation in fields such as trade and finance, despite increased friction over currency exchange rates, intellectual property rights, and the textile trade.
Although there is room for further improvement in the relationship, the framework of basic stability established since September 11 should be sustainable. At least for
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