China, US ramp up trade dialogue, a positive sign of ties returning to normal talk track despite lingering hurdles

币游国际官网网站

2021-06-06

China,USrampuptradedialogue,apositivesignoftiesreturningtonormaltalktrackdespitelingeringhurdles()Followingmonthsofnotablesilence,ChineseandUSseniortradeofficialsarerampinguptradetalks,asChineseVicePremierLiuHeheldavirtualmeetingwithUSTreasurySecretaryJanetYellenonWednesday-hisseconddiscussionwithtopeconomicandtradeofficialsundertheBidenadministrationinlessthanaweek,withbothpartiesunderscoringequalityandmutualrespectaswellastheimportanceofeconomictiesinbilateralrelations,sparkingoptimismoverenhancedcommunicationbetweentheworldstwobiggestowedafterChinesediplomatsdealtvigorouscounterblowstoUSrepresentativeswhowantedtospeaktoChinainacondescendingwayfromapoangeofissuesofdispute,andtrytountangleatleastcertainaspectsoftheincreasinglycomplexandescalatingrivalry,whichwouldinjectacertainsenseofstabilityintobilateraltiesandconfidenceforaglobaleconomystillreelingfromtheCOVID-19pandemic,,evenasChinacontinuestopromotebilateraltradeandeconomiccooperationthroughincreasedpurchaseofUSgoodsandservicesandexpandedmarketaccessforUSbusinesses,theBidenadministrationhassofarlargelymaintainedthetoxicpoliciescarriedoverfromtheadministrationofformerpresidentDonaldTrump,andhasevensteppedupcrackdownsonChinesefirms,posingserioushurdlesforthetwosidestoresolvedisputesandboostcooperation,LiuandYellensinceBidentookofficeinJanuary,thetwosidesagreedthattheChina-USeconomicrelationshipis"veryimportant,"accordingtoastatementpublishedbytheXinhuaNewsAgency."Thetwosideshadbroaddiscussionsoverthemacroeconomicsituationandmultilateralandbilateralcooperationwithanattitudeofequalityandmutualrespectandcandidlyexchangedviewsoneachothersissuesofconcern,"thestatementreads,sfirstphoneconversationontradeissueswithUSTradeRepresentativeKatherineTaionMay27,duringwhichtheofficialsalso,theUSTreasuryDepartmentsaidthat"SecretaryYellendiscussedtheBiden-HarrisAdministrationsplanstosupportacontinuedstrongeconomicrecoveryandtheimportanceofcooperatingonareasthatarein[US]interests,whileatthesametimefranklytacklingissuesofconcern."Thefreshdiscussioninvolvedcomprehensivetalksoneconomicissues,expandingfromthetradesectorasinthelasttalk,whichsendsaclearersignalthateconomyandtradearestillthemostprominentareaofcooperationbetweenthetwocountries,whichhingesonthestrongcomplementarityofbothcountries,dthatbothsidesarerampinguptalkstoatleastexchangeviewsandseektoaddressspecificissuesinapragmaticmanner."ItssucharelieffortheeconomicandbusinesscircletoseethatChinaandtheUSarereturningtothenormaltrade-talktrack,whichisquiteimportantforbridgingbilateralties,"saidLiGang,deputyheadofChinaAssociationofInternationalTradeundertheMinistryofCommerce."ThesecondChinaandUShigh-leveleconomicandtradedialoguehappeningwithinaweekshowedthatthetwocountriesareadvancingtheiroriginally-plannedcommunicationssmoothly,"GaoLingyun,anexpertattheChineseAcademyofSocialSciencesinBeijing,toldtheGlobalTimesonWednesday."AtatimewhenthedirectionofChina-UStradefacesuncertainty,thateconomicandtradeleadersofbothsidesareconductingverytargeteddiscussionssendsaverypositivesignal,"Gaosaid,addingthatmoretalkscouldtakeplaceinthenearfuture."hina-USrelationsoverthepastfewyears,especiallyaftertheoutbreakofCOVID-19atthestartof2020,itstillturnedouttobequitenecessaryandeffective,"SongGuoyou,deputydirectoroftheCenterforAmericanStudiesatFudanUniversity,,officialsonbothsidesunderscoredtheimportanceofbilateraltradeandeconomicties,t,China($).China,,stwolargesteconomiesnormalizedcooperationcouldplayinliftingtheworldseconomicrecoveryfromtheCOVID-19pandemic."WhiletherehavebeennosignsofareversaloftheUSpoliciestowardChinaundertheBidenadministrationfromtheconfrontationalstrategyofTrumps,neitherwilltheygoasprovocativeinconcretemethodsasthelatters,"Songnoted,po,despitetherisingoptimismoverenhancedtradeandeconomictalksbetweenBeijingandWashington,analystscautionedthatserioushurdlesremainastheUScontinuestocarryouttoxicpoliciesfromtheTrumpadministration,includingpunishingtariffsonChines,theUSexcessivemonetaryeasinghassparkedglobalinflationworries."WeshouldcontinuetobealerttotheUSeconomicpoliciesandthroughcalmobservation,getreadywithsolutions,",BidenreleasedonFridayitsfiscalyear2022budget,callingforover$6trillionintotalspendinginthecomingfiscalyeartostimulateeconomicrecovery,,therisingpriceofrawmaterialsandthestrengtheningoftheChineseyuanagainsttheUSgreenbackhashitChineseexportsoverseas,scentralbanksaidonMondaythatitwouldraisetheamountofmoneythatfinancialinstitutionsmustsetasideasreservesforforeignexchangedeposits,aimedatcurbingtheyuan,aseniorresearchfellowattheChongyangInstituteforFinancialStudiesattheRenminUniversityofChina,saidthatduringthelatestvirtualmeeting,thetwosideshavelikelydiscussedeachotherseconomicpoliciesandcooperationundertheG20."TheUSdemands,includingaskingChinatobuymoreproductsandprotectintellectualproperty,wontchangemuchfromthoseduringtheformerTrumpadministration,"DongtoldtheGlobalTimes,,sayingthatitwouldconductareviewonthetradepolicies,,erthepastfewmonths,investmentbetweenChinaandtheUSlastyearfelltothelowestlevelsince2009amidthepandemicandrisinggeopoliticaltensions,registering$,accordingtoareportissuedi,ChinahascontinuedtoincreasepurchasesofUSproductsandopenupmoresectorstoUSandforeignbusinesses,includinginthefinancial,,ChiactionsagainstChinesebusinessesa,cooperationwithChinaisparamount."TheUSisfacingfarmoredifficultiesinhealingitswoundsfromCOVID-19thanChinais,soitmightaskmorefromChina,"Gaosaid."Chinahasandwillrespondtothoseconcernssincerelyasaresponsiblepower,whichwillinjectconfidencetotheglobaleconomy."(Webeditor:GuoWenrui,LiangJun)。