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Trump’s upsides for China

Monday,Nov 14, 2016

From: People’s Daily Online

 

Donald Trump (Photo/Xinhua)

To the surprise of people around the globe, Donald Trump beat Hillary Clinton to win the 2016 U.S. presidential election. Despite certain challenges, opportunities can be found in this upset to improve the China-U.S. relationship, experts pointed out at a seminar held by the Center of China and Globalization (CCG) on Nov. 10 in Beijing.

 

Trump claimed during his campaign that he would designate China as a "currency manipulator," imposing a 45 percent tariff on imported Chinese goods. He has also urged opposition to TPP and globalization.

Wang Huiyao, director of CCG, pointed out that Trump’s campaign statements may not all be implemented, or may not be implemented fully, due to practical national and diplomatic concerns. After all, Trump is tasked with representing the will and interests of the entire nation. The main bilateral challenges therefore lie in the uncertainty of U.S. policies going forward, and the negative impact brought about by backtracking globalization.

According to Wang, trade is where China and the U.S. share the most common interests. Both countries have achieved tangible benefits through bilateral cooperation in the past. As important participants in and beneficiaries of globalization, both China and the U.S. should firmly support and lead the development of globalization, promoting the inclusive growth of all countries in the world.

An Gang, a senior editor and journalist at World Affairs, holds the view that Trump’s promises to cut taxes for enterprises and return manufacturing jobs to the U.S. are likely to pose the most major obstacles for China-U.S. cooperation under his leadership. However, Trump also said he would improve the infrastructure of the U.S., and Chinese companies may have a chance to participate in this effort in the future, according to An.

Zhou Xiaojing, former director of the Asia-Africa Development Research Institute under the Development Research Center of China’s State Council, also believes that Trump’s success may bring more favorable than troubling news for China-U.S. relations. However, China should still make preparations and take measures to handle pressure on the RMB exchange rate and China-U.S. trade.

From People’s Daily Online, Nov. 11, 2016