In January 2021, Professor Xiao Li of our college published an academic essay entitled ‘The World Pattern After the US Election and Future of Sino US Relations’ in the Northeast Asia Forum, which was translated and reprinted by the famous Japanese academic journal ‘International Finance’ in March 2021.

One of the biggest impacts on the world brought by COVID-19 epidemic in early 2020 is probably the outcome of the US presidential election. Many domestic and international scholars believe that Trump's four-year rule has had an irreparable impact on the international status and image of the United States and accelerated the adjustment and transformation of the world pattern. Therefore, how should we understand some changes in the current world pattern, especially the new trend of economic globalization? How to recognize the world status of the United States today? Will the policies and strategic measures that the new US government may take after the election have a substantial impact on Sino US relations? This paper makes a detailed analysis about the above questions. The paper is mainly divided into three parts: the first part is the main trend of economic globalization at the present stage; the second part is how to view the international status of the United States; the third part is the world pattern after the US election and the trend of Sino US relations.

‘International Finance’ [Japan] translated and reprinted the full text of this article with the editor's note attached. The specific contents are as follows: This article is the Japanese translation version of ‘The World Pattern After the US Election and Future of Sino US Relations’ (Journal of Northeast Asia Forum, No. 1, 2021), written by Xiao Li. China's economic circle has various views on Sino US relations after the US presidential election. This magazine introduces one of its views to readers. As for the trend of inferring the decline of the United States based on the narrowing of the GDP gap between China and the United States, the author points out that the foundation of American hegemony is the strong and firm soft power such as ‘the structural power of the dollar system’, and calls for people's calm judgment. For details of ‘structural power of the US dollar system’, please refer to Xiao Li's ‘Financial Logic and Power of the US Dollar System: Monetary and Financial Background of Sino US Trade Friction and China's Thinking’ (published in Japan's ‘International Finance’, July 2019)