1. LINE

      Text:AAAPrint
      Economy

      Imbalance in trade to top agenda at Sino-U.S. dialogue

      1
      2017-07-19 09:06Global Times Editor: Li Yan ECNS App Download

      China-U.S. trade war unlikely to happen despite tensions

      Thorny issues like a trade imbalance are expected to be tackled when the first round of the Comprehensive Economic Dialogue (CED) between China and the U.S. takes place on Wednesday in Washington, DC.

      The dialogue will inject fresh impetus into Sino-U.S. economic and trade ties and both countries are expected to adopt collaborative and innovative ways to address tough bilateral and global challenges, experts said.

      The dialogue comes following Chinese President Xi Jinping's meeting with his U.S. counterpart Donald Trump on July 9 on the sidelines of the G20 summit in Hamburg, Germany, in which they reaffirmed their commitment to healthy and stable economic relations.

      The two sides may discuss topics related to bilateral trade and investment, macroeconomic policies as well as global and regional economic issues, experts said.

      China and the U.S. have achieved some progress in applying the China-U.S. 100-day action plan under the CED's framework, and the two sides will discuss a one-year cooperation plan at the dialogue, Chinese Ministry of Commerce spokesman Gao Feng told a briefing on Thursday.

      The action plan was initiated after the two presidents met at Mar-a-Largo, Florida in April. Agreements on agricultural products, energy, banking and financial services were signed.

      For instance, as part of the plan, China lifted a 14-year ban on U.S. beef imports and the U.S. has pledged to issue regulations on China-made poultry exports.

      The 100-day action plan has made progress, and is a prelude to a new type of Sino-U.S. economic and trade relationship, said Zhuang Rui, deputy dean of the Institute of International Economics at the Beijing-based University of International Business and Economics.

      Trade balance concerns

      The U.S. is concerned about its trade deficit with China, and maintaining a trade balance with China is expected to be high on the dialogue's agenda, Zhuang said.

      China's trade surplus with the U.S. was $25.4 billion in June, up from $22 billion in May, its largest since October 2015, according to official data.

      To address the trade imbalance, China should further open up its services sector to the U.S., including financial and tourism services, while the U.S. is expected to approve exports of high-tech products to China, experts said.

      Although the U.S. has taken a harsh stance on Chinese imports, especially in such items as steel, a trade war between the two countries is unlikely to happen, Gao Liankui, research program director of China and World Economic Governance at the Renmin University of China, told the Global Times on Tuesday.

      The dialogue is expected to help the two nations seek a collaborative and innovative way to advance their economic growth as well as to lead the world out of the [economic] crisis, Gao said.

      Experts said that a Bilateral Investment Treaty (BIT) will also be discussed at the dialogue. BIT talks began in 2008 as China and the U.S. moved to strengthen bilateral investments.

      "The BIT was supposed to have been signed years ago, but after Trump took office, the treaty's prospects looked bleak," Zhuang said.

      China and the U.S. should focus more on their common challenges, Gao noted. "The two nations face a serious debt crisis and they need to improve their tax policies."

      Manufacturing figures prominently for both countries, Zhuang said.

      The growth of the manufacturing sector plays a key role in China's economic transformation and upgrade, while Trump is also seeking to bring manufacturing jobs back to the U.S.

      "Striking a balance between their goals should be tackled in the coming years," Zhuang added.

      She also said that since this is the first time the two nations are entering comprehensive discussions on economic and trade issues since Trump took office, it will have a big impact on future bilateral economic and trade ties, and on the future of global trade and investment.

        

      Related news

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      News
      Politics
      Business
      Society
      Culture
      Military
      Sci-tech
      Entertainment
      Sports
      Odd
      Features
      Biz
      Economy
      Travel
      Travel News
      Travel Types
      Events
      Food
      Hotel
      Bar & Club
      Architecture
      Gallery
      Photo
      CNS Photo
      Video
      Video
      Learning Chinese
      Learn About China
      Social Chinese
      Business Chinese
      Buzz Words
      Bilingual
      Resources
      ECNS Wire
      Special Coverage
      Infographics
      Voices
      LINE
      Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2018 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      主站蜘蛛池模板: 亚洲香蕉久久一区二区 | 猫咪免费人成在线网站| 国产桃色在线成免费视频| 亚洲精品成人无限看| 国产三级在线免费观看| 亚洲第一区精品日韩在线播放| 亚洲av永久中文无码精品| 无码国产精品一区二区免费I6| 亚洲成aⅴ人片在线观| 在线观看www日本免费网站| 77777_亚洲午夜久久多人| 无码精品人妻一区二区三区免费看 | 精品亚洲456在线播放| 日韩在线播放全免费| 亚洲精品国产手机| 91精品免费久久久久久久久| 亚洲成综合人影院在院播放| 成人浮力影院免费看| 亚洲av一本岛在线播放| 成人免费午夜视频| 理论亚洲区美一区二区三区| 高清在线亚洲精品国产二区| 久久久久久毛片免费看| 亚洲乱码精品久久久久..| 日韩免费高清大片在线| 亚洲午夜成激人情在线影院| 国内自产拍自a免费毛片| 污视频网站在线观看免费| 亚洲夜夜欢A∨一区二区三区| 日本免费电影一区二区| 亚洲熟妇无码爱v在线观看| 女人被免费视频网站| 一级毛片免费播放视频| 亚洲成AV人片在线观看ww| 97视频免费在线| www亚洲精品久久久乳| 亚洲精品你懂的在线观看| 日本zzzzwww大片免费| 国产亚洲欧美在线观看| 亚洲国产精品成人久久| 成年女人喷潮毛片免费播放|