U.S.-China Rivalry Shifts Global Economic Order, Demanding New Frameworks
The U.S.-China rivalry is fundamentally reshaping the global economic order, moving away from a U.S.-centric system towards a 'tripod' structure with China in Asia, Germany in Europe, and the U.S. in North America. This shift is creating significant misalignments between the evolving real economy and the existing dollar-centered international monetary system, as well as a global governance order still disproportionately shaped by the U.S. Jiandong Ju's book, 'US-China Great Power Competition and the New World Order,' proposes a unified framework to understand this rivalry, emphasizing 'competitive coexistence' rather than a contest for hegemony. The framework analyzes economic foundations, strategic dynamics, and the future of U.S.-China relations, incorporating concepts like international monopoly profits, the 'growth trap of specialization solidification,' and a 'dual-wheel drive' model of economic growth driven by technological innovation and market scale. 
