China and the United States will step up their cooperation for global financial and economic stability out of strategic considerations despite other conflicting interests, the experts told the March 30 symposium.
The global crisis and the calls for rebuilding the international financial system also set the stage for Japan and China to work together for a new regional architecture, although Tokyo-Beijing ties remain a weak link in the trilateral relationship among the world's three largest economies, they said.
What is happening now, said Yoshihide Soeya, director of Keio University's Institute of East Asian Studies, is a paradigm shift in the world's economic and political systems, and the question will be how to build a new paradigm.