Global EditionASIA 中文雙語Fran?ais
    Business
    Home / Business / Policies

    China agrees to expand trade in services with US

    Xinhua | Updated: 2017-07-21 14:17
    Share
    Share - WeChat

    WASHINGTON — China agreed to expand bilateral trade in services with the United States during the first China-US Comprehensive Economic Dialogue (CED) concluded on Wednesday.

    "Despite a huge deficit in services trade with the United States, China nevertheless believed that trade in services between China and the United States is mutually beneficial, and is willing to engage in mutually-beneficial and win-win cooperation in trade in services," a Chinese delegate to the one-day talks said Thursday in a statement to Xinhua.

    Given the differences between China and the United States in the size and structure of their services industries, it is possible to exploit their own comparative advantages and complement each other, the statement said, adding that "expanding bilateral trade in services can also promote balanced trading relations between the two sides."

    The two countries discussed trade in services in the high-level economic dialogue, and the United States expected China to further open up its services market, according to the statement.

    "China agreed to further open up, deepen its cooperation with the United States, and forge new areas of growth in bilateral commercial cooperation," said the Chinese delegate.

    The Chinese State Council last week approved a pilot plan to open up Beijing's service industry by removing some restrictions on the sector. Local governments will ease restrictions on foreign investments, streamline regulations and encourage innovation.

    The plan also highlights reforms in major areas, including science and technology services, the internet and communication, culture, education, finance and tourism.

    China has been trying to shift its economy toward a growth model powered by consumption, services and innovation. The service sector accounted for more than half of the Chinese economy last year.

    David Dollar, a senior fellow at the Brookings Institution (a century-old US think tank based in Washington D.C.), and former official with the US Treasury Department, believed a high-quality US-China bilateral investment treaty (BIT) would help US export services to China and build the foundation for a better bilateral trading relationship.

    "The US primarily exports services. It's hard to export services if you cannot invest. So I see the bilateral treaty as an opportunity for US firms to have new business in China, and that's going to encourage more exports and create good jobs in the United States," Dollar told Xinhua.

    In Dollar's view, the Trump administration may not have enough resources to resume BIT negotiations with China in the next two years, as the administration has chosen to renegotiate the North American Free Trade Agreement with Canada and Mexico and modify its free trade agreement with South Korea.

    "The United States Trade Representative's Office is actually quite a small department with limited capacity...It's hard for them to then have a third priority," he said.

    Chinese Vice Finance Minister Zhu Guangyao said Wednesday that China understands that the Trump administration has to revise all the bilateral and multilateral investment and trade deals with other countries, which could take some time.

    However, there are growing calls from the US and Chinese business community to sign the investment treaty as soon as possible, he said.

    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
    License for publishing multimedia online 0108263

    Registration Number: 130349
    FOLLOW US
    CLOSE
     
    成 人无码在线视频高清不卡| 亚洲日韩乱码中文无码蜜桃臀网站| 免费无码AV一区二区| 人妻系列AV无码专区| 自拍中文精品无码| 国产精品无码DVD在线观看| 中文字幕乱码人妻无码久久| 亚洲欧美日韩国产中文| 午夜无码视频一区二区三区| 人妻av无码一区二区三区| 日韩人妻无码一区二区三区综合部| 亚洲乳大丰满中文字幕| 日韩精品无码久久一区二区三| 无码AV中文字幕久久专区| 熟妇人妻系列av无码一区二区| 7777久久亚洲中文字幕| 中文无码vs无码人妻| 蜜臀精品无码AV在线播放| 久久久久久国产精品免费无码 | 日韩精品无码免费视频| 狠狠躁狠狠躁东京热无码专区| 亚洲人成无码网站| 中文字幕丰满乱孑伦无码专区| 一区 二区 三区 中文字幕| 中文字幕亚洲综合久久| 日本一区二区三区精品中文字幕| 日韩亚洲不卡在线视频中文字幕在线观看 | 亚洲AV日韩AV永久无码久久| 免费一区二区无码东京热| 最好看的电影2019中文字幕 | 亚洲成AV人片天堂网无码 | 人妻丰满熟妇岳AV无码区HD| 日韩va中文字幕无码电影| 中文字幕在线观看国产| 久久亚洲日韩看片无码| 亚洲精品无码不卡在线播放HE| 一本色道久久HEZYO无码| 亚洲AV无码日韩AV无码导航| 亚洲ⅴ国产v天堂a无码二区| 无码人妻精品一区二区三区久久 | 最好看的中文字幕最经典的中文字幕视频 |