Abstract
The China-U.S. relationship is the most important major power relationship in the 21st century. That this relationship can remain strategically stable and embrace further positive development is not only in the interests of themselves, but also of the whole international community. In other words, the relationship has gone far beyond the bilateral level to have increasingly significant implications for the Asia-Pacific region and the world at large. Currently, China and the U.S. are actively engaging each other in framing a new regional order in the Asia-Pacific, dealing with a series of global governance as well as geostrategic issues. During this process, some new challenges in their bilateral relationship are outstanding, including their ever more intense competition for a new world order, difficulty for their deepening cooperation on the new strategic basis of global governance, and their deficient security cooperation in the global arena. Facing these new challenges, both countries need to strive to manage their relationship more prudently and flexibly in order to keep it on the right track.
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