So how did some U.S. exhibitors view the expo?
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.
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.
Talks are always better than no talks. Ultimately, no one really cares who took the first step because the essence of the whole matter is to contain the increasing damages to both economies.
United States Secretary of the Treasury Steven Mnuchin sent a proposal to China on September 12, seeking the initiation of a new round of trade […]
It is not hard to find cases where the United States unilaterally imposed pressure on China on issues such as human rights, Tibet or Taiwan. These problems have all ultimately been settled, but never by means of China making one-sided concessions.
Time pushes forward, with less than half a year until the U.S. midterm elections this coming November, and a president whose lawyer is currently under an FBI investigation; the Trump administration is in a tussle, not only for its mandate, but also for its survival.