This dialogue achieved positive results in four main aspects — creating a positive atmosphere, controlling the crisis, confirming the intentions of each side and expanding cooperation.
To conclude, there are motives from both the US and China to improve their relations, particularly trade relations, in coming months.
So how did some U.S. exhibitors view the expo?
On October 20, 2018，Trump also stated that the United States will withdraw from the US-Soviet Treaty on the elimination of intermediate-range and shorter-range missiles signed with the Soviet Union 30 years ago.
China-US relations are not in a new cold war but in a situation of intertwined competition in which their interests are tangled. This cold wrestle is aimed at finding a new equilibrium of interest between China-US through each issue.
The US, long the world’s largest destination of FDI inflows, lost the top position for the first time in decades. Its ranking slid to third, with total FDI inflows of $46.5 billion, less than China ($70.2 billion) and the UK ($65.5 billion).
China does not need and will not seek a release of pressure on commodity exports by guiding the RMB to unilaterally depreciate sharply. In fact, this is also unfavorable to China in its efforts to attract foreign investment and enhance its import capacity.
It’s impossible for the US be merciful to China, and China is certain to lower its expectations regarding cooperation with the US.
China had never owed anything to the US and was full of goodwill towards the US.
It is easy to take sides politically or ideologically, but politicization of trade issues is itself a poison pill that no one will be able to escape. The poison pill as embedded in USMCA is after all poisonous, not only for China, but also the world at large.
The short-term dividends of Trump’s new fiscal, trade and financial policies will gradually be exhausted, and the structural factors that limit economic growth and the negative effects of the trade war will begin to emerge.
China now is clearly on the edge of anger, what will be the final card on the table? Let’s find out.
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