09/12/2014 01:48 pm ET Updated Sep 12, 2014

WATCH: What Is China's Leader Thinking?

Can the West work with China's President Xi Jinping to fight climate change and improve global prosperity? Or, is China destined to clash with the West?

In this Asia Society discussion, former Australian Prime Minister Kevin Rudd (who speaks Mandarin) and former U.S. Treasury Secretary Hank Paulson -- who initiated the U.S.-China Strategic Economic Dialogue during his time in office -- ponder China's role in the world order.