Trouble Brewing?

<正>Washington hawks must not be allowed to disrupt China--U.S.relations Will Washington unleash a trade war against China?President Donald Trump recently signed an executive order that triggers an extensive Section 301investigation of intellectual property(IP)issues between China and the U.S.The Section 301 process goes back to1974,when the U.S.was having trade issues with several countries.It is a unilateral process undertaken internally by the U.S.Government’s executive branch and can     

Confidence and Resolve

正China remains composed in the face of a trade war waged by the U.S.Trade ties between China and the United States have remained unclear and strained since August of last year,when Washington unilaterally started a Section 301 investigation into alleged Chinese intellectual property and technol-     

A Lose-Lose Move

<正>EDITOR’S NOTE:U.S.Trade Representative Robert Lighthizer on August 18 formally launched a Section 301investigation into alleged intellectual property practices by China under a rarely used 1974 trade law,triggering concerns that Washington may unilaterally impose restrictions that would eventually hurt both countries.Dagong Credit Research Institute Co.,a subsidiary of Dagong Global Credit Rating Group,China’s     

Choosing Sides

正A fair and just European Union will not side with the United States in Sino-U.S.trade dispute On March 22,Donald Trump signed a memorandum,invoking Section 301of the 1974 Trade Act,announcing U.S.plans to impose tariffs on$60 billion of Chinese imports,lodge a dispute with the World Trade Organization(WTO)over China’s technology licensing and restrict China’s investment in stra-     

AN OBSTACLE TO PROGRESS

正U.S.actions are typical of a trade bully The U.S.imposition of additional 25-percent tariffs on$34 billion of Chinese products has ignited the largest trade war in economic history,blatantly violates WTO rules and represents the typical actions of a trade bully.The excuse for the tariffs is the Section301 investigation,which mainly targets technology transfer and intellectual property(IP).In a report released on June 21,the White House Office of Trade and Manufacturing     

Typical Protectionism

In the middle of October, acting on a complaint from the United Steelworkers union, the Office of the U.S. Trade Representative initiated a Section 301 investigation into China’s     

An Unfair Accusation

The trade imbalance between China and the United States is becoming a tool for Washington to pursue its "America First" ob-jective. U.S. President Donald Trump has on several occasions threatened to impose steep tariffs on com-modities from China and other countries because he sees the United States as "the victim of a global trade war." In January, the Trump administration imposed tariffs of up to 50 percent on imports of washing ma-chines and solar panels, coming mostly from South Korea and China, respectively. The latest data from China Customs show that China's exports to the U.S. market reached 2.91 tril-lion yuan ($465.2 bilion) in 2017, while imports from the United States amounted to 1.04 trillion yuan ($166.2 billion). China's trade surplus against the United States was 1.87 trilion yuan ($298.9 bilion), up 13 percent from of 2016. But is the trade imbal-ance realy unfair to the United States? Is it fair to judge the trade relationship simply on the basis of surplus or deif cit?     

Talking Doha

Washington seeks Beijing's support to jump-start difficult trade negotiations "The Doha Round is...an important reason why I am in China today," said Susan C. Schwab on her first trip to Beijing as the U.S. Trade Representative. During her trip to China on August 27-29, the top U.S. trade envoy urged China on different occasions to play a bigger role in promoting the resumption of the Doha Round of multilateral trade talks. Stressing that China is an important member of the     

The Takeaway From the Failed U.S. High-Speed Rail Deal

正What is the most important lesson that China should learn from the recent termination of its U.S.rail deal?It is not that the overseas markets are complicated or that trade protectionism threats are lurking.What it demonstrates is that the United States cannot keep up with the times,and its public cannot rid themselves of vested interests,     

Lost in Protectionism

On March 22, U.S. President Donald Trump signed a memorandum targeting China's so-called "economic aggression," threatening to impose tariffs on up to $60 billion of imports from China based on an investigation into alleged Chinese intellectual property and technology transfer practices under Section 301 of the U.S. Trade Act of 1974. He also directed the U.S. Treasury Department to propose restrictions on Chinese investment in the United States.     

A Due Regard for Multilateralism

A World Trade Organization (WTO) arbitrator on January 26 ruled on the case of the United States—Countervailing Duty Measures on Certain Products From China, determining that China may impose trade retaliations against the U.S. with respect to trade in goods in the amount of$645 million annually given the U.S. failure to comply with a WTO ruling in force. China now urges the U.S. to take immediate action to right its wrongs in trade remedy investigations targeting China.     

Dangers of Trade Protectionism

正In the name of "national security," U.S. politicians have tried to block Huawei and ZTE, two of China’s major private telecom firms, from entering the U.S. market. This triggered concerns that trade protectionism could affect the development of the free market economy around the world.     

View Trade Deficit In Proper Light

On February 14, the Office of the U.S. Trade Representative issued a report entitled "U.S.-China Trade Relations: Entering a New Phase of Greater Accountability and Enforcement." It is the first comprehensive statement of U.S. trade policy toward China since China joined the World Trade Organization in 2001. U.S. Trade Representative Rob Portman, who submitted the report to Congress, says, "Our bilateral trade relationship with China today lacks equity, durability and balance in the opportunities it provides." However, Mei Xinyu, a research fellow at the Chinese Academy of International Trade and Economic Cooperation under the Ministry of Commerce, points out that the report "shows some reasons but still contains quite a few defects." His main ideas in an article carried in People's Daily follow:     

An Unchanged Stand

A head of the 13th round of bilateral trade talks between China and the U.S. in Washington, D.C., economists and entrepreneu's warned that U.S. President Donald Trump has set off a full-blown trade war by imposing several rounds of tariffs on Chinese goods, accusing China of “intellectual property theft” and sanctioning Chinese companies, thereby putting the global economy in danger.     

A Good First Step

Chinese Vice Premier Liu He,China’s chief negotiator for the China-U.S.comprehensive econom ic dialogue,and U.S.President Donald Trum p signed the phase-one economic and trade agreement in the East Room of the White House on January 15.It signaled that the nearly two-year China-U.S.trade friction started by the U.S.would abate,a significant step toward ending the trade war.     

NUMBERS

$1.3 tln China’s holdings of U.S. treasuries by the end of May, a historic high 39 Number of trade investigations targeting China in the first half of 2013 5.8 bln yuan Amount of money that 82 Central Government departments spent on official receptions, vehicles and overseas trips in 2012, or 420 million yuan below budget 16 tln yuan Credit balance of small and micro-sized enterprises by the end of May, accounting for 22.22 percent of the total     

WHAT'S BEHIND A TRADE DEFICIT?

正Why the United States can’t avoid a trade imbalance Although there are many causes triggering the trade disputes between China and the United States,the main reason is still the huge and chronic U.S.trade deficit with China,which has long vexed the U.S.government.The United States believes that its extraordinarily large trade deficit with China is unfair.Over the past two decades,successive U.S.administrations have raised and emphasized this     

China-U.S.Economic Relations:Accords and Discords

FOLLOWING a hiatus of 21 years,trade relations between the U.S. and China were resumed with the declaration of the Shanghai Joint Communiqué during President Nixon’s February 1972 visit to China. Prior to this historic declaration,President Nixon issued a statement on April 14,1971 outlining five steps to be taken before trade with China could be restarted. On June 10 of that year,the White House published a list of potential non-strategic trade items,thus setting the ball rolling toward an end to the trade ban imposed on China 21 years before.     

A WELCOME CATALYST FOR SINO-ROMANIAN TIES

<正>Romania believes that the Belt and Road Initiative contributes to the expansion of its economic and trade ties with China.Andrei Donciu,Counselor of the Political Section of the Embassy of Romania in Beijing,talks to Beijing Review reporter Li Nan about the Belt and Road Initiative and Sino-Romanian ties.     

A Fresh Take on Trade Frictions

<正>China seeks win-win economic and trade relations with the U.S.but does notfear a trade warChina has faced mounting pressure from trade conf licts with the United States in recent years,and it is widely expected that the situation will become more tense as a result of the Trump administration’s forthcoming policies on China.The United States launched 11 anti-dumping and nine anti-subsidy investigations against