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10 suggestions to ease tensions and sustain a stable Sino-US trade relationship
Abstract:US President inked a memorandum on March 23 to impose punitive tariffs on imports from China. The Chinese Ministry of Commerce reacted with retaliatory measures against US products. The tensions between the world’s two largest economies immediately rippled through markets and countries across the globe.Having concentrated on US-China economic relations for a decade, the Center for China and Globalization(CCG) suggests the following measures aimed at fostering stable bilateral trade ties:Promoting the concept of global value chain as the basis to analyze the current trade deficits between China and US; lifting the limits on the US exports to China; reducing tariffs on American products such as automobiles and mobile phones; reexamining the Chinese regime of IP protection; moderately increasing imports from the US, particularly oil, gas and agricultural products; participating in the CPTPP negotiations and other regional trading systems to promote free trade norms and enhancing China’s role in multilateral rule-making; taking US cases of trade rule violations to the WTO system.Summary:CCG recommends that the Chinese Government moderate its response to US actions and continue to adhere to the goal of long term stable economic and trade relations between the two nations via the following 10 suggestions: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.
July 19 , 2018 -
He Weiwen: Dialogue works better than threat on IP issues
The United States has launched an investigation to determine whether China has indulged in "forced transfer of American technologies and theft of American intellectual property". US Trade Representative Robert Lighthizer subsequently announced an investigation into IP issues relating to China under Section 301 of the US Trade Act of 1974.
August 23 , 2017 -
He Weiwen: China, US should look beyond trade imbalance
Why was the dialogue unable to redress the trade imbalance? It’s because the current situation is caused by the United States’ position in the global supply chain, and it’s beyond the two countries’ power to change it.
August 10 , 2017 -
He Yafei: Sino-US relations crucial to global peace and growth
Many historic changes are due to globalization and global governance, with uncertainties rising in geopolitics adding to the tensions between major powers. Therefore, many ask the question like what could be done to re-calibrate global governance to fix the woes plaguing the world economy.
May 28 , 2017 -
He Weiwen: What’s Next After Beef ?
China and the US on May 11 announced simultaneously the 10 initial results of the 100-day action plan of the US-China Comprehensive Economic Dialogue. We can call it an early harvest. The 10 results are dedicatedly balanced, benefiting both the US and China, with six mostly for the US, including beef, biotechnology products and LNG exports to China, market access for EPS, credit rating and bond underwriting. The four for China include cooked poultry exports, extension of current non-action relief to SCH, equal banking regulatory standards and a US official attending the One Belt One Road Forum in Beijing.
May 18 , 2017