Formal China-US G2 framework key to ‘guarantee’ world peace: top Beijing adviser

An “institutionalised” China-US G2 framework could offer a “structural guarantee” for global peace in a world beset by crises, a high-profile adviser to Beijing has said.Zheng Yongnian, a noted Chinese political scientist, said the world was faced with four intertwined challenges – geopolitical conflicts, increasingly “religionised” societies, imbalances in the global economy and the fading of the UN-centred governance system. He characterised this collective breakdown as a “crisis of modernity”.A pressing question was how to move beyond the US’ or European Union’s bilateral trade disputes with Beijing, to rebalance the global economy by having all three sides work together, Zheng told the Baichuan Forum in Shenzhen, southern China, on Saturday.