The signing ceremony of the strategic cooperation agreement between China Global Television Network (CGTN) and the Center for China and Globalization (CCG), a Chinese independent think tank, was held in Beijing on Mar 27.
Jiang Heping, CGTN controller; Long Yongtu, chairman of CCG; and Wang Huiyao, president of CCG, presented at the ceremony alongside hundreds of experts and scholars, as well as representatives from political, business and media circles at home and abroad.
Long and Jiang delivered speeches successively, declaring the strengthened cooperation between the think tank and the media would benefit both sides and contribute high-quality ideas to the world.
Following the signing ceremony, the first CGTN-CCG high-end forum was held, during which CCG suggested 10 measures aimed at fostering stable Sino-US trade ties, as tensions between the world’s two largest economies have recently rippled through markets.
1. Campaign for a new mode of analyzing trade effects that would more accurately reflect how much US companies gain from the bilateral trade deficit, given the forces of the global value chains; and insist on including trade in services which China runs a large deficit with the US, such as tourism, education spending, immigration-oriented investments in the trade deficit analysis.
2. Lift the excessive export limits, especially on high tech products from American companies. This could be beneficial for US enterprises and would help balance the trade deficits of both nations.
3. Increase imports from the US, including consumer goods, energy, and agricultural products while reducing tariffs on goods such as automobiles and other high-value-added American products that are not central to the national economy, therefore fulfilling China’s WTO commitments.
4.Improve business environment and implement policies that have been long called forth to reduce barriers of market entry for US companies.
5. Promote the agreement between China and the US on cross-border e-commerce to benefit small businesses and consumers in both countries with substantial employment opportunities.
6. Extend the protection of intellectual property rights to foreign companies or taking foreign IP regulations into account.
7. Consider the establishment of an investment fund to help the US upgrade its infrastructure, capitalizing on China’s advanced technology and expertise in the field.
8. Enlist the participation of American companies in Belt and Road projects as third party partners.
9. Seize the opportunity to join the CPTPP discussions and facilitate the progress of multilateral trade systems building such as WTO, RCEP to sustain the momentum for global free trade.
10. Appeal cases of US violation of the WTO rules to the appellate body.
From CGTN, 2018-3-27