US urged to back larger role for China in global economy(2)

"Power is the ability to obtain the outcomes one wants, and sometimes America's power is greater when we act with others rather than merely over others," he said, adding that the world's two largest economies have much to gain from cooperation on fighting climate change, pandemics, cyberterrorism and nuclear proliferation.

Subramanian recalled that Robert Zoellick, former president of the World Bank, once said the United States would accept the rise of China as a "responsible stakeholder" when he was deputy secretary of state under then president George W. Bush.

However, he said the United States must adjust its role and how it deals with China and move beyond familiar exhortations for China to become a "responsible stakeholder.

He noted that in a recent speech, Zoellick urged the United States and China to explore a new "Great Power Relationship," an apparent allusion to Chinese President Xi Jinping's call for a new type China-U.S. relationship.

On the trade front, the United States should halt such China-discriminatory initiatives as the Trans-Pacific Partnership and the Transatlantic Trade and Investment Partnership between the United States and the European Union, in favor of a new World Trade Organization-led global liberalization initiative, Subramanian said.