Skip to main content
war is intensifying within the US. For example, the US Chamber of Commerce – one of the country’s most powerful bu
上海会所siness lobbies – has called for the reversal of all tariffs imposed over the past two years.
The effects of the trade war have already spread to cross-border investment
. In recent years, rising Chinese production costs have driven many foreign enterp上海会所女神会所
rises – and, increasingly, even Chinese enterprises – to relocate their operations to lower-cost countries such as
Vietnam and Thailand. The trade war is accelerating this process. According to the Vietnamese government, inward for
上海会所eign direct investment increased by nearly 70 percent year-on-year in the first five months of 2019, the highest such i
ncrease since 2015. Meanwhile, the growth of US investment in China is slowing.上海会所女神会所
Essential to improve investment environment
上海会所The US administration wants American companies to leave China. It is u
p to China to persuade them to stay. That means improving the local investment envi
ronment, including responding to foreign companies’ justifiable complaints – say, by strengthening intellectual p上海会所
roperty rights protection – and, more broadly, better adhering to World Trade Organization rules.
But the pressure on China does not end there. The US is also eager to exclude the count
上海会所女神会所ry’s high-tech companies from global value chains. Trump recently announced that he would allow US co
mpanies to continue to sell to Chinese high-tech giant Huawei, after a months-long campaign against the company. But it r
emains highly unlikely that the US administration – which reversed a similarly aggressive policy toward sm
artphone company ZTE last year – will abandon its efforts to strangle China’s high-tech industries.上海会所女神会所
China has three options. First, it could accede to US pressure to disengage from global value chains. Second, it could remain
committed to integration, hoping that, thanks to existing interconnections, sanctions on Chinese high-tech com上海会所
panies will also hurt their US counterparts (such as Qualcomm) enough for the US administration to back d
上海会所女神会所own. The third option is to focus on supporting domestic high-tech companies’ effo
rts to strengthen their own positions within global value chains and develop contingency plans.
re trade agree上海会所ment should tilt in the direction favourable to the US side, Gao said the esse
nce of Sino-US economic and trade cooperation is mutual benefit and win-win cooperation.上海会所
China has always stressed that consultations should be conducted under the principles of mutual respect, equality and mutual benefit, he said.
“If an agreement could be reached, it should be balanced, equal an上海会所品茶微信
d mutually beneficial, and China’s core concerns must be properly addressed,” Gao said.
上海会所Commenting on the US side’s recent claim that China agrees to
purchase large quantities of US agricultural products, Gao said China and the United States are str
ongly complementary in agricultural trade and have huge room for cooperation.
“Affected by Sino-US economic and trade frictions, agricultural trade上海会所品茶微信
between the two countries has taken a blow, which is something we do not want to see,” Gao said.
“Trade in agricultural products is an important issue that needs to be discussed betw
een the two sides,” Gao said. “We hope that the two sides will proceed from the fundamental interests o上海会所品茶微信
f the two peoples and find a solution to the problem on the basis of equality and mutual respect.”
Gao expressed the hope that the two sides will follow the important instructions given at the meet
上海会所品茶微信ing of the heads of state of the two countries, accomodate each other’s reasonable concerns on the basis of
equality and mutual respect, and seek mutually beneficial and win-win solutions to create a stable and
predictable trade and investment environment for enterprises of the two countries and the rest of the world.
“This is not only in the interests of China and the United States and their
peoples, but is also the common expectation of the international community,” he said.
hina Petrole上海会所品茶微信um and Chemical Corp, the world’s larg
est refiner by volume, has agreed to establish a joint venture with Russia’s Novatek and Gazp
rombank to market natural and liquefied natural gas (LNG) in China, Sinopec said on Thursday.
The agreement, which aims to sell LNG produced by Novatek in the Arctic, was signed fo
llowing talks in Moscow between Russian President, Vladimir Putin, and Chinese President, Xi Jinping.
The agreement will be of considerable economic and social benefit an
d will further diversify China’s natural gas imports, while meeting ever-increasing ga
s demand in the country, said Dai Houliang, China Petrochemical Corp president.
orwomen “friendly, meaningful talks. Both agreed: trade war is bad! (For Trish, that’s a change of hea
rt, since she had tried to justify the US trade war against China.)”, it said on its Twitter account.
A Twitter user, Ryan Bryant @RayCaiYan, said in a reply to Regan’s tweet, “That was not even a DEBATE, more like a Q&A session
. I thought Trish could leverage some of Liu’s answers to discuss the issues further, but sadly she couldn’t.”
FionaXu tweeted: The American hostess is talking about free market. Tell me how American
market is “free” under Trump’s government? You mean protectionism equals free market???”
Jon Taylor, a professor of political science of the University of St. Thomas in Houston, said that while they pretty muc
h disagreed on everything, it offered US viewers the chance to actually hear the Chinese side of the issues.