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As tensions and uncertainties loom over the global economy, former U.S. Treasury Secretary Lawrence H. Summers delivered a timely metaphor at this week's China International Import Expo (CIIE) in Shanghai: The U.S. and China must act like nations \"rowing in unison\" to stabilize the world's future.
Speaking at the event—which saw the highest-level U.S. delegation ever—Summers emphasized that economic collaboration between the two superpowers isn’t just beneficial, but essential. \"I find it difficult to imagine scenarios where one succeeds and the other fails, and the world still wins,\" he said, framing their relationship as a positive-sum game where cooperation lifts all boats.
With global instability rising, Summers warned against zero-sum thinking: \"If both economies face challenges, it could lead to conflict and lost opportunities for humanity.\" His remarks align with China’s push for shared modernization, highlighting how joint innovation and open trade could spark prosperity for billions.
As young professionals and entrepreneurs navigate today’s complex markets, Summers’ message resonates: When giants collaborate, the ripple effects—from tech breakthroughs to climate solutions—could redefine our generation’s future.
