久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

USEUROPEAFRICAASIA 中文雙語(yǔ)Fran?ais
China
Home / China / Top Stories

Trade becomes key focus for Trump visit

By Chen Weihua in Washington | China Daily USA | Updated: 2017-11-07 10:33

Beijing says deliverables aside, it is moving toward easier market access

When US President Donald Trump arrives in Beijing on Wednesday, exactly a year after he was elected, he will be bringing with him key cabinet members and a delegation of top US business executives.

He will talk with President Xi Jinping on several key issues, notably the denuclearization of the Korean Peninsula and the bilateral economic and trade relationship. And he also will be witnessing the signing of major business deals ranging from energy to agriculture.

Cui Tiankai, the Chinese ambassador in Washington, said there will be significant "deliverables" on the economic and trade front during Trump's visit.

Those "deliverables" are expected to narrow the bilateral trade deficits, which Trump has been concerned with long before he started his presidential campaign.

Shortly before he embarked on his 11-day Asia trip, Trump described the US trade deficits with China as "horrible" and "embarrassing" while praising his good working relationship and personal relationship with President Xi.

Trade deficit

The bilateral trade deficit in 2016 hit $347 billion, according to the US Commerce Department. But according to China's General Administration of Customs, it was $251 billion, a gap of $96 billion.

The US takes in 16 percent of China's exports, making it the largest importer of Chinese products. China is the third-largest export market for both goods and services for the US. The US ran a surplus of $37.6 billion in services trade with China in 2016.

Apart from the numbers, China has argued that while it enjoys an overall surplus, the US reaps the most dividends.

A report by China's Ministry of Commerce in May showed that 59 percent of the surplus in the trade of goods is contributed by foreign-funded ventures in China, and 61 percent comes from processing trade, for which China retains meager fees.

A typical example raised is the assembly of Apple's iPhones in China. Their assembly accounts for roughly 2 percent of the phones' value. Most key components and value are supplied by companies in the US, Japan, South Korea and Germany. But in counting imports, the US uses the wholesale value.

Most economists agree that China's trade surplus with the US in the past two decades was largely due to the fact China has become the assembly line of East Asia, as companies in Japan, South Korea, Hong Kong and Taiwan moved their production to the Chinese mainland.

As a result, the US trade deficit with China grew, but its overall trade deficit with East Asia has not changed much.

Economists believe that the bilateral trade deficit does not matter, and a trade deficit has more to do with fiscal policy. The US has been running trade deficits since the mid-1970s. In 2016, the US had trade deficits with 99 countries.

Martin Feldstein, a professor of economics at Harvard University who chaired President Ronald Reagan's Council of Economic Advisors, also noted that foreign import barriers and export subsidies are not the reason for the US trade deficit.

"The real reason is that Americans are spending more than they produce," he wrote in an article on Project Syndicate.

"The overall trade deficit is the result of the saving and investment decisions of US households and businesses. The policies of foreign governments affect only how the deficit is divided among American trade partners."

China's concerns

Cui said that China does not seek trade surpluses.

To boost the country's imports, the Ministry of Commerce and the Shanghai Municipal Government will launch the first China International Import Expo (CIIE) in Shanghai from Nov 5-10, 2018.

China also has called on the US to further remove export restrictions on high-tech products for civilian use as a way to increase fair trade and expand US exports. Much of the US export-control regime was formulated in the Cold War era and is believed to be no longer relevant in today's world.

Vice-Foreign Minister Zheng Zeguang on Nov 3 expressed that the way to resolve the trade imbalance is to expand US exports to China and facilitate bilateral investment, rather than restrict US imports from China. "Both sides will lose in a trade war," he said.

While Zheng did not specify, the message is seen as reflecting China's displeasure with a US announcement in August of a Section 301 investigation into China's policies and practices on intellectual property. Section 301 under the US Trade Act of 1974 is regarded by many as outdated and inconsistent with World Trade Organization rules.

China also protested a US Commerce Department decision on Oct 27 to impose preliminary import duties on aluminum foil from China from 96.81 percent to 162.24 percent.

"It not only hurts the interests of Chinese companies but also dents the seriousness and authority of multilateral rules," said a statement posted on the Ministry of Commerce website.

China said that starting on Dec 11, 2016, 15 years after China's accession to the WTO, the US can no longer conduct anti-dumping probes against imports from China under the "analogue country methodology", calculating the value of products based on the costs of production in a third country. China has repeatedly demanded that the US fulfill its obligation to recognize China as a market economy.

On the investment front, China also has demanded fair treatment of Chinese investors in the US. Cui expressed China's dissatisfaction by saying that the US has used unspecified national security issues as an excuse to block Chinese investment in the US.

"If this is the trend, it should be a concern for us," Cui said on Oct 30.

US concerns

US officials, from Trump to Secretary of Commerce Wilbur Ross, have repeatedly talked about a fair, balanced and reciprocal trade relationship with China.

Senior White House officials expressed that progress on a range of bilateral economic issues with China has become increasingly difficult.

"We believe this reflects a slowdown and even a retreat in China's move toward a market-oriented economy," the senior official said on Oct 31 in a background briefing about Trump's Asia trip.

The official used the word "predatory" to describe China's trade and investment practices, and said Trump will continue to push China to follow through on commitment that it has made recently and also when it joined the WTO to take steps toward a more market-oriented economy.

Market access, technology transfer and intellectual property rights are some of the key issues raised by the US side over the years.

"People tend to think that China is an authoritarian country, therefore if the leader snaps fingers, things will happen," said Colin Grabow, a trade analyst at the Cato Institute.

Trade becomes key focus for Trump visit

Ryan Hass, a senior fellow at the John L. Thornton China Center of the Brookings Institution and a former Obama administration official concerned with China policy, noted the decreasing leverage on the US side, saying "China's dependence on the US market for its exports is not what it once was".

"When measured by value added, Chinese exports to the United States account for only 3 percent of its GDP. This figure will continue to decline as China's growth model becomes less export-dependent and more concentrated around domestic sources of growth," Hass wrote on the Brookings website ahead of Trump's visit.

Speaking in New York on Oct 25, Ross said the US is seeking "immediate" results and "tangible" agreements on trade with China during Trump's visit. He indicated that results on key issues such as market access, intellectual property rights and tariffs are more complex and may take longer to negotiate.

Progress

Unlike the days in the 2016 presidential campaign when Trump threatened a 45 percent punitive tariff on imports from China and to label it a currency manipulator, few people are now as worried about a trade war between the world's two largest economies as they were a year ago.

Stapleton Roy, a former US ambassador to China, Singapore and Indonesia, expressed disappointment in what he called the Trump administration's lack of a China policy after 10 months in office, saying "the policy people have not been appointed".

He said President Xi used the spring Mar-a-Lago summit in Florida to forge a personal relationship between the two men that helps to stabilize the relationship. "And that's very important," Roy said.

At Mar-a-Lago, the two sides agreed on a 100-day action plan in economic cooperation and also launched four dialogue mechanisms, including the first Comprehensive Economic Dialogue, held in Washington in July.

Despite some points of contention inside the White House on how to deal with China on trade, Roy believes both presidents want this to be a successful visit.

Cui admitted that disputes will only grow with a growing trade and investment relationship between the two countries, but he stressed that that is only small part of the economic relationship.

"These disputes should be handled in a very constructive and pragmatic manner, so it will not undermine the overall economic relationship," said Cui, adding that some issues will not be solved in one visit.

Zheng, the vice-foreign minister, dismissed the concern of a lack of economic reform in China, saying the recent 19th CPC National Congress pledged to deepen supply-side reforms, further open up to the outside world, implement high-standards trade and investment-facilitation policies and greatly reduce restrictions on market access.

"These measures will provide great opportunities for China to conduct mutually beneficial economic and trade cooperation with other countries, including the United States," he said.

chenweihua@chinadailyusa.com

Editor's picks
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
久久久无码人妻精品无码_6080YYY午夜理论片中无码_性无码专区_无码人妻品一区二区三区精99

    精品国产区一区| 国产精品你懂的在线欣赏| 蜜臀av一区二区三区| 精品国产乱码久久久久久浪潮| 国产精品综合视频| 亚洲三级电影全部在线观看高清| 欧美午夜影院一区| 久久精品国产秦先生| 国产片一区二区| 色婷婷av一区二区| 免费在线看成人av| 国产欧美日韩卡一| 欧美日韩在线不卡| 国产综合久久久久影院| 亚洲三级在线播放| 日韩视频一区二区三区在线播放| 丁香啪啪综合成人亚洲小说| 亚洲韩国一区二区三区| 精品乱人伦小说| 91色在线porny| 日韩不卡免费视频| 欧美国产精品专区| 欧美日韩在线不卡| 国产高清不卡一区| 亚洲18色成人| 欧美国产国产综合| 欧美日韩国产高清一区二区三区 | 久久99九九99精品| 最近中文字幕一区二区三区| 欧美一区二区三区在线| 成人av在线影院| 琪琪久久久久日韩精品| 亚洲色欲色欲www在线观看| 日韩视频一区二区在线观看| 色综合久久天天综合网| 久久99精品国产麻豆不卡| 一区二区免费看| 国产偷国产偷精品高清尤物| 欧美精品亚洲一区二区在线播放| 成人午夜看片网址| 美女脱光内衣内裤视频久久影院| 亚洲精品五月天| 久久一区二区视频| 欧美色偷偷大香| av色综合久久天堂av综合| 久久精品av麻豆的观看方式| 一区二区三区电影在线播| 久久九九久久九九| 日韩一区二区三区视频在线观看| 一本到一区二区三区| 国产激情视频一区二区在线观看| 日韩精品亚洲一区二区三区免费| 亚洲欧美日韩精品久久久久| 久久免费国产精品| 91精品国产免费| 欧美日韩一区二区三区在线| 日韩精品一区二区三区中文不卡| 99视频精品在线| 国产精品亚洲视频| 蜜桃视频在线观看一区| 亚洲一区在线观看视频| 亚洲欧洲一区二区在线播放| 久久久影院官网| 日韩欧美亚洲国产精品字幕久久久| 在线观看亚洲一区| 91视频91自| 成年人网站91| 国产成人aaa| 激情久久久久久久久久久久久久久久| 亚洲大片免费看| 樱花影视一区二区| 成人免费在线视频| 国产精品美女久久久久av爽李琼| 2欧美一区二区三区在线观看视频 337p粉嫩大胆噜噜噜噜噜91av | 国产午夜精品久久久久久免费视| 日韩欧美一区在线| 777亚洲妇女| 欧美综合一区二区三区| 91麻豆国产香蕉久久精品| 成人av网址在线观看| 国产1区2区3区精品美女| 国产一区二区免费看| 韩国精品免费视频| 久久99精品久久只有精品| 美女网站色91| 蜜臀av性久久久久蜜臀aⅴ| 日韩不卡一区二区三区 | 日韩电影在线免费观看| 亚洲高清不卡在线观看| 亚洲一区精品在线| 一区二区免费在线播放| 亚洲一卡二卡三卡四卡无卡久久| 亚洲最新在线观看| 亚洲一区二区在线视频| 亚洲小少妇裸体bbw| 亚洲v日本v欧美v久久精品| 婷婷开心激情综合| 日韩中文字幕区一区有砖一区| 日韩极品在线观看| 欧美96一区二区免费视频| 老司机精品视频一区二区三区| 久久精品72免费观看| 狠狠色狠狠色综合系列| 国产老肥熟一区二区三区| 国产精品自拍一区| 盗摄精品av一区二区三区| 99视频在线精品| 91久久精品日日躁夜夜躁欧美| 91福利在线免费观看| 欧美日韩国产色站一区二区三区| 制服丝袜中文字幕亚洲| 日韩欧美www| 久久久久久久国产精品影院| 国产人成亚洲第一网站在线播放 | 亚洲国产精品麻豆| 日韩成人一级大片| 久久99国产精品麻豆| 成人一区二区三区视频| 91免费在线播放| 欧美日韩国产首页| 精品99久久久久久| 欧美国产精品一区| 亚洲综合视频在线观看| 日日嗨av一区二区三区四区| 精品亚洲成a人| 成人av在线一区二区三区| 在线观看91精品国产入口| 欧美一级片免费看| 久久se这里有精品| 国产成人av电影在线播放| 色欲综合视频天天天| 在线成人小视频| 久久久国产精品午夜一区ai换脸| 中文字幕人成不卡一区| 婷婷国产v国产偷v亚洲高清| 精品亚洲免费视频| 91麻豆福利精品推荐| 337p亚洲精品色噜噜噜| 国产色爱av资源综合区| 最好看的中文字幕久久| 日本美女视频一区二区| 国产成人综合网| 欧美在线免费观看亚洲| 精品久久国产字幕高潮| 中文字幕亚洲综合久久菠萝蜜| 性做久久久久久免费观看欧美| 国产一区二区福利视频| 在线一区二区视频| www国产成人| 亚洲欧美激情在线| 美女免费视频一区二区| 99久久久无码国产精品| 91精品国产综合久久精品麻豆 | 国产精品夜夜嗨| 欧美午夜一区二区三区免费大片| www久久精品| 亚洲一区二区3| 国产91精品露脸国语对白| 欧美日韩一区二区电影| 日本一区二区综合亚洲| 香蕉久久一区二区不卡无毒影院 | 亚洲女女做受ⅹxx高潮| 久久er99热精品一区二区| 91麻豆swag| 久久久久国产精品人| 亚洲一区二区三区爽爽爽爽爽| 国产美女在线观看一区| 欧美午夜片在线看| 欧美激情一区二区在线| 秋霞av亚洲一区二区三| 色婷婷综合久久久久中文| 精品国产亚洲在线| 午夜欧美电影在线观看| 成人av在线影院| 精品国产区一区| 午夜精彩视频在线观看不卡| 成人av在线看| 欧美精品一区二区三区在线| 一区二区成人在线观看| 成人免费不卡视频| 日韩女优av电影| 亚洲一区二区视频在线观看| 成人午夜看片网址| 欧美大片在线观看一区| 性做久久久久久免费观看 | 久久久精品综合| 免费人成精品欧美精品| 欧美色图片你懂的| 亚洲天堂精品视频| 国产91精品一区二区麻豆亚洲| 日韩欧美精品在线视频| 天堂一区二区在线免费观看| 91欧美一区二区| 中文字幕一区二区三区视频| 国产精选一区二区三区| 精品剧情在线观看| 免费精品视频在线| 欧美精品tushy高清| 亚洲午夜激情网站| 在线一区二区三区四区五区|