"China is not just a rising great power and strategic competitor, it is also our number one trading partner. And our relationship with it is the most important relationship in the world," Gen (retd) David Petraeus, former CIA Director, told members of the House Armed Services Committee.
"In fact, in each case, our relationship inevitably combines some aspects of intensifying rivalry with other aspects of shared interest, including the need to develop some concept of mutual restraint and respect," he said in his appearance before the Congressional Committee.
"China's economic growth on the one hand is at a 25 year low, but President Xi has not stopped from fielding potentially transformational initiatives,' he said.
"Like the Asia Infrastructure Investment Bank, most of our allies of joined, and the New Silk Road trade and transportation network connecting China with the Middle East and Europe," he added.
"Moreover, he's moving into a vacuum created by our withdrawal from the Transpacific Partnership; by pushing a competing initiative that will pull in 16 of the world's fastest-growing economies, comprising about one half of the world's population," McLaughlin said.
China, he said, is a rising power, not a declining one, as the Soviet Union was.
Seventeen years after the Cold War from 1991 to 2008, the US didn't have to check with many other people in the world about what it wanted to do, McLaughlin said.
"From 2008 forward I think there's some last declining confidence in the world in our model and more competition," he said.
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