Home>Top Issues

Beijing’s patience tested by comment from Ross

Sunday,Feb 05, 2017

From: South China Morning Post

Beijing’s patience tested by ‘most protectionist’ comment from Ross


 

Donald Trump’s pick for commerce secretary fires latest salvo at China

In the latest criticism targeting Beijing from US president-elect Donald Trump’s team, Wilbur Ross, the commerce secretary nominee, branded China the “most protectionist” major economy.

But mainland analysts said Beijing should avoid being drawn into making an immediate reaction as the comments were merely aimed at testing China’s bottom line.

Ross, 79, a billionaire private-equity investor, told Congress in confirmation testimony that America’s trade partners should practise “fair trade”, echoing Trump’s earlier statements that the US would take a tougher stance against China.

“We should not put up with malicious trading activities, state-owned enterprises or subsidised production,” he told the Senate Commerce Committee which will vote on his nomination.

Foreign business groups operating in China have long complained of discrimination, vague regulations that are selectively enforced and Beijing’s favouring of state-owned enterprises.

He Weiwen, deputy director of the Beijing-based Center for China and Globalization (CCG) and a former diplomat, said China faced challenges in treating foreign companies fairly and it would take time to restore their confidence.

Lester Ross, head of the policy committee at the American Chamber of Commerce in China said China was less dependent on foreign expertise than before and some businesses felt China was less welcoming.

“What we are asking for here is not a welcome or some extra benefits. What we are asking for is level playing field and fairness,” he said.

Trump has nominated Peter Navarro, a well-known hardline China critic, to lead the White House National Trade Council, while Robert Lighthizer has been picked to act as US trade representative.

Lighthizer was previously deputy trade representative during the Reagan administration in the 1980s and helped craft policies that curbed Japan’s exports to the US in the 1980s.

“The nominations and their remarks have already signalled a tougher trade policy approach against China under Trump’s presidency,” said He, who was economic and commercial counsellor at the Chinese consulate general in New York and San Francisco.

“China has its toolbox to counter extreme trade policies, but we have very little knowledge of Trump and we must collect any relevant information at any time,” said He. (By Wendy Wu)

From  South China Morning Post, 2017-1-19

  • CCG releases new report Understanding the US-China Trade War: Analysis and CCG Recommendations

    Based on CCG’s long-term ongoing research and investigations through visits to the US, the report,titled with Understanding the US-China trade War: Analysis and CCG Recommendations, presents an in-depth, systematic appraisal of Sino-US economic relations. It draws on solid empirical research and data to dispel misunderstandings surrounding the current dispute and puts forward recommendations to resolve current tensions and promote the healthy development of Sino-US relations.

  • On Trump’s inauguration

    World Insight Studio make a discussion on the Trump’s inauguration, Dr. Wang Huiyao, the President of the Center for China and Globalization (CCG) , Tom McGergor, the Geopolitical Analyst, David Woodard, Political Professor from Glemson University and Parag Khanna, global strategist from Naitonal Univeristy of Singapore, to sharing their opinions.

  • Laurence Brahm:The Artists – 1981 Re-visited

    With massive real estate developments and the transformation of China’s cities, new social and societal demands have called for cultural and art centers, and with the scale is the need for creativity to fill the spaces.

  • Education can be effective channel to bring China, India closer

    China receives more Indian students than the UK, according to India’s TNN. New Delhi ranks among the top 10 nations sending the highest number of students to Chinese varsities, the report claimed, adding that China has now become another most favored country of international students after the US.

  • Laurence Brahm: Protectionism with U.S. characteristics

    Under WTO principles, there are no specific requirements for a member country to get the market economy status, a concept that harks back to the Cold War principles espoused by the U.S. to isolate and sanction socialist economies.