Reform, domestically opening to the outside World International ly. Then its going to be a long process. So he used his marvelous analogy which is you cross the river steps feeling the stones step by step. [ speaking chinese ] i think we also need to have that concept alive in our minds about how you can possibly engineer that incremental trust building exercise between china and the United States as well. Step by step but knowing in fact that there is a destination called a common future. For our chinese friends here in the audience today, if you talk about realism, [ chinese word ] means something in the context. There are positive terms in the chinese context. [ chinese word ] or [ chinese word ] international and Global Public goods means something in the chinese discourse. So to frame a common vision, to frame a common concept but not to leave it at a level of political theory, but to then have an operational dimension which can be put into practice by regular symmetry by the two
Explicitly recognized, but critically managed in a manner which concludes that allowing any one of these matters to escalate into crisis conflict of war is mutually unacceptable. Thats the realist part. Whats the constructive part . The constructive part is this. If you look at the possibility of constructing genuine public goods between china and the u. S. , both bilaterally, regionally, and globally, the scope is, in fact, quite wide. If you look at a bilaterally, im a strong proponent of the early conclusion of the bilateral treaty for a simple reason. That is the more the two economies become enmeshed through investment, rather than just through trade, then, frankly, the more inseparable they become and the more their mutual interests in each others progress and advance becomes an indelible imprint within each country. So causing that investment treaty to come into being i think is a genuine public good. Because in the long term it will transform many elements of the relationship.
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