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On the eve of crucial China-US summit, new CCG report maps a way out of trade dispute
Chinese and US leaders are about to meet at the G20 to try and resolve the damaging trade war. At this critical moment, on June 27, the Center for China and Globalization (CCG) released the latest in a series of reports on the China-US trade war, entitled Prospects for China-US Trade: Seeking a rational resolution via the “Argentina Consensus”. Based on analysis of China-US economic relations and the impact of the trade war, the report offers concrete solutions to find a way out of the dispute.
June 27 , 2019 -
He Weiwen: The “America First” Trade Policy is Hurting America
The “America First” trade policy has only resulted in two direct outcomes: increasing trade-related tensions between the US and its major trading partners, and threatening the global trading system. On February 27, 2018 the US Trade Representative published a report entitled “Putting America First: The President’s 2018 Trade Policy Agenda” (hereafter referred to as “The Agenda”), which begins with: “Ladies and Gentlemen, it’s time to declare our economic independence once again.”
June 11 , 2019 -
Andy Mok: China’s rare earths-U.S. should understand its vulnerabilities
Not surprisingly, much attention has been given to the possibility that China might use its dominant position in rare earth metals to counter increasingly escalatory attacks by the United States. Attention has been ratcheted up several notches since the publication of a People's Daily piece on this subject stating "Don't say I didn't warn you" ("勿谓言之不预也"), a phrase rarely used and one widely viewed as a signal regarding how seriously China is considering using rare earths as a form of retaliation.
June 03 , 2019 -
He Weiwen: How Trump’s Extreme Pressure on China is Backfiring
US President Donald Trump said recently on Twitter that Huawei could be part of a potential trade deal. In other words, America’s recent outright ban on Huawei was not truly done for national security reasons — there was no evidence supporting the allegations — but rather as a bargaining chip to help get “a great deal” with China. Immediately after announcing the US tariff hike on $200 billion of Chinese goods from 10% to 25% starting May 10, and the subsequent US Trade Representative’s release of the list of $ 325 billion of Chinese goods subject to 25% tariffs, US Treasury Secretary Steve Mnuchin expressed willingness to continue talks with China. All of the above leads people to think that this latest and much larger stick is also part of Trump’s “art of the deal” — extreme pressure to produce the best deal possible. It also provides an explanation for the recent abrupt suspension of China-US trade talks: the US government wants much more. It thus made the stick much bigger, then asked for talks while pressing for a decisive Chinese defeat, that ensures a comprehensive US-China trade deal would be in America’s favor.
May 31 , 2019 -
CCG’s twelve suggestions for the strengthening of Sino-U.S. relations
On Nov 2, 2017, Center for China and Globalization (CCG) held a conference to release its report for future cooperation of China and the United States.
May 28 , 2019