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[Asia Economy Beijing=Special Correspondent Jo Young-shin] "The China-US conflict is not just a matter between China and the United States. It is an extension of the relations among South Korea-China, South Korea-US, North-South Korea, North Korea-US, and South Korea-China-Japan."

Professor Lv Liangbiao (呂梁彪) of the Law School at Renmin University made this interpretation regarding the US-China conflict in a New Year interview with Asia Economy on the 6th. He explained that China-US relations are intricately intertwined with political, economic, defense, diplomatic, and nuclear issues among major countries in Northeast Asia.

Professor L? Liangbiao of the Renmin University Law School stated that China-US relations are intricately intertwined with political, economic, defense, diplomatic, and nuclear issues of major Northeast Asian countries, and that North Korea's nuclear issue and other Korean Peninsula matters are also extensions of China-US relations.

Professor Lv, a former judge at the People's Court of China and also a lawyer, stated that even after Joe Biden officially takes office as the US President, China-US relations will not improve rapidly, emphasizing the importance of South Korea-China relations.

He said that within the broad framework of globalization, the Chinese economy has grown rapidly, and in the process, China and South Korea have become important trading partners. To strengthen bilateral relations, both countries need to make greater efforts economically. Professor Lv added that South Korea's exports to China account for 30% of South Korea's total exports.

Professor Lv emphasized, "Over the past decade, trade relations between China and South Korea have proceeded smoothly without major problems, and economic relations such as trade between the two countries should continue steadily in the future." He also mentioned the need to establish new economic networks in Chinese Yellow Sea port areas such as Dalian.

He advised that research in the digital sector should also be conducted together for the continuous economic development of both countries.

Professor Lv predicted, "Due to the COVID-19 pandemic, the digital economy has come to us faster than expected," and "the era of digital trade between the two countries will open soon." He believes that non-face-to-face online trade will become a major pillar of future commerce.

Professor Lv also mentioned the Digital Currency Electronic Payment (DCEP) being experimented with by the People's Bank of China. He argued that China and South Korea need joint research and cooperation on digital currency to expand and revitalize economic exchanges.

He stressed the urgent need for joint legal research related to trade between the two countries. As economic exchanges expand, legal issues inevitably arise. He said, "When legal issues such as disputes occur during trade, differences in the laws of the two countries result in significant costs and time," and added, "To quickly resolve disputes, the two countries should establish mutually acceptable trade-related laws."

Regarding solutions to the North Korean nuclear issue, Professor Lv said that the Northeast Asian situation must be understood based on China-US conflicts. He advised that approaching it as a political science problem is necessary to solve the complex equation of Northeast Asia.

He said, "The Northeast Asian region is politically very delicate," and "Northeast Asia is a region where issues cannot be resolved separately from South Korea-China, North-South Korea, North Korea-US, North Korea-China, and China-US relations." While efforts by the parties involved are important to resolve the North Korean nuclear issue and the inter-Korean problem, surrounding countries must combine their strength and wisdom to find solutions.

He also mentioned the revival of the six-party talks, which have become ineffective, and China's role. Professor Lv said, "China has adhered to the principle of denuclearization for peace and stability on the Korean Peninsula," and expressed confidence that "if the six-party talks resume, China will play a certain role."

He stated that the top-down approach of former US President Donald Trump cannot resolve the North Korea-US issue, i.e., the North Korean nuclear problem. While a top-down approach is necessary at the final stage, a bottom-up approach must form the foundation until that stage is reached. Professor Lv added that a bottom-up approach based on the six-party talks would help resolve the North Korean nuclear and Korean Peninsula issues.

This content was produced with the assistance of AI translation services.