Services fair aims to revive global trade, providing venue for prospective business partners to meet

People look at an unmanned delivery vehicle at the booth of Meituan at the comprehensive exhibition area of the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, capital of China, Sept. 8, 2020. Chinese enterprises demonstrated latest innovations and technologies such as 5G and AI at the fair. (Xinhua/Pan Siwei)

China's first major in-person international trade event since the coronavirus outbreak, where 99 innovations were unveiled and 240 agreements were signed, showed the nation's resolve to expand opening-up and push for economic globalization, an official with the Ministry of Commerce (MOFCOM) said on Wednesday.

The six-day gathering incorporates the nation's prowess in digital technology innovations, which will allow for services trade to expand regardless of the pandemic. It also underscores China's drive to revitalize global trade, which is caught in raging unilateralism and protectionism, according to event participants.

A national negative list for cross-border services trade and a separate list for the nation's free trade zones and free trade ports will be rolled out within this year, Xian Guoyi, head of the Department of Trade in Services and Commercial Services of the MOFCOM, told a media briefing at the conclusion of the China International Fair for Trade in Services (CIFTIS) in Beijing.

China's services trade has ranked No.2 globally for six consecutive years. The event took full advantage of digital technologies to enable business exchanges and negotiations both online and in-person, helping companies explore opportunities to hedge against the impact of COVID-19, Xian said.

Governments at various levels, major centrally administered state-run enterprises and financial firms organized trade groups for the first time at the event to participate in negotiations and procurement, resulting in the signing of 240 agreements, he disclosed.

The amount of contracts of intent signed during the six-day event is still being calculated and will be announced later, Xian said in response to a question from the Global Times after the media briefing.

A total of 22,000 companies and institutions from 148 countries and regions took part in the gathering, including 33 international organizations, 68 embassies in China, 110 overseas business chambers and associations, and 199 Fortune global 500 firms, according to Yan Ligang, head of Beijing's commerce bureau.

Yan said that 5,372 domestic and foreign companies put on online stalls, and 3D stalls accounted for 2,037 of them, while 1,870 projects were unveiled online and 550,000 negotiations were initiated online.

Many health measures were taken to ensure the meeting's effectiveness, Yin Yong, vice mayor of Beijing, told reporters on the sidelines of the CIFTIS on Wednesday -- pre-attendance health checks, nucleic acid tests for exhibitors and volunteers, regular daily disinfection and nucleic acid testing at exhibit halls, and a cap on daily visitor numbers for key halls.

The event's registered participants and visitors exceeded 100,000, according to Xian.

Eager to take advantage of the fair to explore overseas markets, a businesswoman was at a booth of the Japan External Trade Organization (JETRO) on Wednesday, asking questions about how her electronics business could venture into the Japanese market.

A number of Chinese businesses asked how to build footprints in Japan, Kazuyuki Karasawa, deputy director of JETRO Beijing, told the Global Times, adding that this year's CIFTIS allowed many Japanese companies, particularly in the elder care area, to showcase their services expertise.

A comprehensive stall for exhibits from Australia, New Zealand, Argentina, Panama and Colombia also stood out.

For the fourth time, Joshua Sun, CEO of the China Australia Business Industry Centre Group, was participating in the annual services trade fair, the only major gathering for services businesses where he could seek opportunities.

It was the first time that the three Latin American countries took part in the trade fair, according to Sun. He told the Global Times on Wednesday that the China-Australia row won't deter bilateral business cooperation and the gathering proved to be a platform for talks that might later become actual deals.

The value of deals originating from the services fair during the previous three years has been rising, Sun said.

A key focus of the six-day gathering was the announcement on Friday that the central government will support Beijing city in setting up a pilot international free trade zone for services sector opening, the digital economy and sci-tech innovation.

The creation of the zone "is of particular significance and [will have] a strong demonstration effect," Yin said.

Japanese money broker Ueda Yagi Tanshi Co's currency broking venture, the first fully foreign-owned money brokerage in China, was announced on Wednesday to be set up in Beijing's sub-administrative center.

Daiwa Securities' majority-owned joint venture in China, the first Japanese-invested securities firm to be granted an underwriting and sponsoring license, was also announced Wednesday to be located in Beijing.

The capital city also unveiled an intellectual property trading center on Wednesday that is intended to become a key facility for the nation's sci-tech innovation center and a pivotal hub for international intellectual property cross-border trade.

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Global connection, disconnection, reconnection

In four separate speeches, Secretary of State Pompeo (pic), Attorney General Barr, National Security Adviser O’Brien and FBI Director Wray laid out their case for containing China. But do the US Gang of Four’s analyses of containment of China make global sense?

https://youtu.be/DPt-zXn05ac

This is the age of disconnection. What Covid-19 has done is to show up all the flaws of global connectivity.

The virus travels with human beings and forces us to have periodic lockdowns that disconnects the transmission, buying time to bring it under control. Commenting on the pandemic, US Foreign Affairs magazine laments not only the US failure to prepare, but also the failure to contain: “what is killing us is not connection, it is connection without cooperation.” Touché!

Globalisation was the great connector, created by the unipolar order which saw free trade as beneficial not just to the world, but mostly to itself. But the shift to a multi-polar order made America insecure and everyone else unsure.

A wounded Alpha is always dangerous, emotionally hurt and lashing out on perceived rivals. China as number two falls into that category.

In four separate speeches, Secretary of State Pompeo, Attorney General Barr, National Security Adviser O’Brien and FBI Director Wray laid out their case for containing China. But do the US Gang of Four’s analyses of containment of China make global sense?

Beating the drums of war, decoupling trade and splintering the Internet into a “Clean Net” may sound great for domestic politics, but no one in their right mind can support a nuclear arms race in the midst of a growing global pandemic and possibly the worst economic depression since the 1930s.

The global free trade bargain is very simple - free trade is win-win for all trading partners, but each country must deal with the unequal distribution of trade benefits within its own borders - all about domestic politics.

Disconnecting global trade and free flow of information only increases costs for all, reducing the resources to deal with domestic inequalities.Worse, any arms race is lose-lose for all, diverting scarce resources from fighting pandemics, climate warming and domestic injustices.

History is the best guide to understanding how we got into the mess today.

The story on US politics and economics is well told, but the China story is often undertold. Because of China’s rapid growth from poverty to world number two in 40 years, most historians are still at a loss to explain what this implies for the world as a whole. NUS East Asia Institute Professor Wang Gungwu in his marvelous new book: “China Reconnects (2019)” has given us a clear and easily readable sweep of China’s history and her search to reconnect with the outside world.

Professor Wang has condensed global history into three key centres of power: Mediterranean, India and China.

In 1500, China and India accounted for 48.6% of world population and 49.2% of world GDP (OECD). The Mediterranean powers (broadly including all Western Europe and West Asia) amounted to 17.1% and 22% of population and GDP respectively.

But it was naval power, science and technology that enabled the Western swerve to global dominance, so by 1950, China and India together accounted for 16.3% of world GDP, but 35.9% of the population. Western Europe and USA plus Western offshoots accounted for 19.1% of global population, but 56.8% of world GDP.

This neglect of maritime power caused India to be colonized by the 18th century, and China nearly gobbled up by the 19th century.

China’s engagement with the world was mostly through the Silk Road, with Indian Buddhism being the major foreign cultural influence on China. The Silk Road flourished during the Tang Dynasty (618-907 AD), but the Mongol empire in the 13th-14th century connected China not only to Europe, but also to Mughal India.

However, the arrival of Western traders through South-East Asia after 1500 accelerated China’s trade with the West (including cross-Pacific trade with Latin America through Manila). Only in the 20th century did China begin to appreciate that the key instruments of Western power came from maritime power and ability to enforce international law.

In Chapter 2 of “Behind the Dream, ” Professor Wang skillfully weaves the story of post-dynastic China, when Chinese intellectuals struggled to understand modernity. It was the Japanese invasion that sparked Chinese nationalism, culminating in the civil war that enabled the Communists to unite the country with the founding of the People’s Republic in 1949.

The story of Chairman Mao, Deng Xiaoping and the policy choices of President Xi Jinping is told with verve and deep insight, without the usual Western baggage of seeing personalities in black and white.

China’s admiration for the West is defined in Chinese names for the leading powers – heroic England, beautiful America, legal France and virtuous Germany. Hence, the reforms in the last 40 years were all about reconnecting to the West through trade, investment, technology and people. But as China became deeply entangled in globalisation as the world’s largest manufacturer and trading partner, there grew an internal awareness that continued development would have to rely on internal stability and order, as well as external security. Stability was premised on a strong Party, and as Professor Wang put it, “the country’s integrity rests on the capacity to defend its borders even from the world’s sole superpower.”

Professor Wang goes deep into Chinese philosophy and political history to find China’s roots into the new world order.

The book’s real contribution is in explaining China’s shift from the Old World to the New Global. Here, China’s interaction with the South, especially with the Association of Southeast Asian (Asean) countries, will play crucially in the next phase of development of the New Global.

Asean comprises 600 million people and over US$2.5 trillion in GDP, with great cultural diversity, natural resources and a strategic zone that holds the key to global trade between the West, South Asia, China and Northeast Asia. The South China Sea cannot afford to be balkanized because it was Great Power struggles that made the Balkans an unstable region for Europe and the Near East for over a century.

As the US tries to disconnect, China Reconnects is a tour-de-force for us to understand current developments from the lens of philosophy and history. Professor Wang writes with eye-popping clarity, dosed with empathy, to guide us through the fog of uncertainty. Unfortunately, reconnection takes two to play. Whether the next US President will attempt to connect or disconnect will be the question of the century.

Andrew Sheng is a Distinguished Fellow of Fung Global Institute, a global think tank based in Hong Kong.The views expressed here are the writer’s own.

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Why is Pompeo so obsessed with China?

‘America First’ undermines multilateralism, Pence's APEC speech offers nothing new

Illustration: Liu Rui/GT

‘America First’ undermines multilateralism

According to media reports, the Asia-Pacific Economic Cooperation (APEC) forum held in Papua New Guinea (PNG) was concluded on Sunday without leaders issuing the traditional communiqué, and PNG will instead issue a formal "chairman's statement," for the first time ever. PNG Prime Minister Peter O'Neill said talks broke down over language about the World Trade Organization (WTO).

The US is a strong advocate for WTO reform. While China has no objection for the necessity of reform, the two powers are widely divided over "what" to reform. The US thinks the WTO doesn't fit the current world economy and needs massive reform, but China hopes reform will focus on dispute settlement mechanisms.

China's view is echoed by most WTO members. But some developed countries have vacillated because they worry that the US, if objected, would exit the WTO and build another platform that it thinks enables fair competition. They also hope to benefit from US moves pressuring developing countries. As a major WTO founder, the US intends to overturn the system and start over again. This invites concerns that Washington would choose to support or abandon any international rule based on whether it serves US interest, bringing a fundamental tumult to international trade system.

"America First" has been deeply embedded in US foreign policy. Washington used to pursue its interest by building a US-led multilateral system, but now it just asks for benefits. Multilateral mechanisms are seeing their authority eroded. This will last for some time until Washington feels what repercussions of the collapse of the international system can bring to it.

Such impact will come sooner or later. Current international system carries Western values, endows a US leadership, supports the dollar as a major international currency and helps the US enhance its grip on international relations so that it can secure its interest easily. Destroying such a system will bring itself huge losses in the long run.

It's delusional of some US elites to think that China is the largest beneficiary of the international system since they mistakenly blame China for the US' own problems. China has realized its development through hard work, not by taking advantage of the international system. Though China's economy has rapidly expanded, it is due to China taking up a lot of work that US society doesn't want to do. A large share of China's foreign exchange that the country earned through toils has been borrowed by the US.

"American First" cannot become "America takes all." The US should give other economies room for further development and take care of its relationship with developing countries. All Western countries need to rethink the meaning of fairness. They can't take their vested interests for granted while hoping the developing countries stay at disadvantaged position forever.

Modifying WTO rules must aim at win-for-all, instead of interest redistribution for a few specific countries. It's impossible for the US to be the only winner. If it blocks the development path of other countries, the US itself will go nowhere either.

The APEC summit this year concluded without issuing a communiqué, but it is not a big deal. The summit between Chinese President Xi Jinping and his US counterpart Donald Trump during the G20 meeting later this month will carry much more weight. It is hoped Washington makes serious preparations for the summit and not pin its hopes on exerting pressure.- Global Times.

Pence's APEC speech offers nothing new

Illustration: Liu Rui/GT

US Vice President Mike Pence aimed bluntly-worded criticism toward China while delivering a speech at the Asia Pacific Economic Cooperation meeting in Papua New Guinea on Saturday. He repeated the US' hardline approach in its trade conflicts with China, reiterated the US' determination of freedom of navigation and criticized China's foreign aid and cooperation with other countries.

Pence is considered the spokesperson for the US' tough position on China. Apparently, he shoulders the responsibility of piling pressure on China before the summit between Chinese President Xi Jinping and US President Donald Trump during the G20 meeting later this month.

But a few hours before Pence said that the US will not back down from its trade disputes with China unless Beijing bows to US demands, Trump told a number of journalists in the White House that he may not impose more tariffs.

Washington has made quite a lot of noise recently, and Pence's speech at APEC barely offers anything new. Pence said that China's assistance drowns recipient countries in a sea of debt and makes them compromise sovereignty, and that the US offers a "better option."

"We don't coerce, corrupt, or compromise your independence. The United States deals openly and fairly," Pence said. In reality, however, the country that does as Pence described is China and the one that jeopardizes the sovereignty of recipient countries is in truth the US.

The most prominent feature of China's international assistance and cooperation is that it comes with no political strings attached. Is there a better way than this to show respect for others' sovereignty? A big problem in the US' relations with developing countries is that Washington often interferes in their internal affairs. In fact, many Western countries have preconditions, mostly political, attached to their assistance, which touches upon the social governance system of developing countries and hence puts them in difficult positions.

Just look at how many times the US has found political fault with China when it comes to economic cooperation, with human rights issues often brought up during trade negotiations with China. The US also wants to intervene in the business of China's State-owned enterprises. With the US treating the strongest country among its cooperative partners this way, it's easy to imagine what a difficult time it gives to less powerful and underdeveloped countries in trade relations.

If the US can truly behave as Pence claims and make economic cooperation separate from others' sovereignty and based on an equal footing, there would be no major divergence in principles between China and the US. It's a blessing for the world in the 21st century that China emphasizes both sovereignty and equality when it comes to international economic cooperation.

We especially welcome the US to adopt this attitude toward China-US relations and make comprehensive China-US cooperation a role model for the world.

The core consideration of US diplomacy is geopolitics rather than global development. Washington cares about the neighboring regions of major powers and offers its assistance to these regions so as to weaken the influence of regional major powers. Meanwhile, distant countries are forgotten by the US and other Western countries. The South Pacific is one such region. It is China's mutually beneficial cooperation in the region that has drawn the attention of the US and other Western countries back there. The same goes for Africa. A number of African countries used to be ignored by the West in its geopolitical map. However, China's cooperation with Africa has reshaped the attitude of Washington and other Western countries toward Africa.

The China-proposed Belt and Road initiative has been warmly received by a large number of countries because it's not a geopolitical strategy, but a development plan guided by the principles of extensive consultation, joint contribution and shared benefits. It meets the pressing needs of developing countries and hence has ignited their passion for the initiative. When meeting with Xi on Friday, leaders and government representatives of eight South Pacific countries expressed their gratitude for China's longtime assistance and loans that have had no political requirements attached. This is the epitome of how welcome the Belt and Road initiative is.

It is hoped that Pence's words concerning sovereignty, respect and equality can become real action taken as part of US foreign policy. As long as the US has goodwill and real action, it will no longer need to criticize China and other countries will sense this and support it. Belittling a third party is not a noble act on the international stage.- Global Times

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China meets an unequal detractor in US

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‘America First’ undermines multilateralism, Pence's APEC speech offers nothing new

Illustration: Liu Rui/GT

‘America First’ undermines multilateralism

According to media reports, the Asia-Pacific Economic Cooperation (APEC) forum held in Papua New Guinea (PNG) was concluded on Sunday without leaders issuing the traditional communiqué, and PNG will instead issue a formal "chairman's statement," for the first time ever. PNG Prime Minister Peter O'Neill said talks broke down over language about the World Trade Organization (WTO).

The US is a strong advocate for WTO reform. While China has no objection for the necessity of reform, the two powers are widely divided over "what" to reform. The US thinks the WTO doesn't fit the current world economy and needs massive reform, but China hopes reform will focus on dispute settlement mechanisms.

China's view is echoed by most WTO members. But some developed countries have vacillated because they worry that the US, if objected, would exit the WTO and build another platform that it thinks enables fair competition. They also hope to benefit from US moves pressuring developing countries. As a major WTO founder, the US intends to overturn the system and start over again. This invites concerns that Washington would choose to support or abandon any international rule based on whether it serves US interest, bringing a fundamental tumult to international trade system.

"America First" has been deeply embedded in US foreign policy. Washington used to pursue its interest by building a US-led multilateral system, but now it just asks for benefits. Multilateral mechanisms are seeing their authority eroded. This will last for some time until Washington feels what repercussions of the collapse of the international system can bring to it.

Such impact will come sooner or later. Current international system carries Western values, endows a US leadership, supports the dollar as a major international currency and helps the US enhance its grip on international relations so that it can secure its interest easily. Destroying such a system will bring itself huge losses in the long run.

It's delusional of some US elites to think that China is the largest beneficiary of the international system since they mistakenly blame China for the US' own problems. China has realized its development through hard work, not by taking advantage of the international system. Though China's economy has rapidly expanded, it is due to China taking up a lot of work that US society doesn't want to do. A large share of China's foreign exchange that the country earned through toils has been borrowed by the US.

"American First" cannot become "America takes all." The US should give other economies room for further development and take care of its relationship with developing countries. All Western countries need to rethink the meaning of fairness. They can't take their vested interests for granted while hoping the developing countries stay at disadvantaged position forever.

Modifying WTO rules must aim at win-for-all, instead of interest redistribution for a few specific countries. It's impossible for the US to be the only winner. If it blocks the development path of other countries, the US itself will go nowhere either.

The APEC summit this year concluded without issuing a communiqué, but it is not a big deal. The summit between Chinese President Xi Jinping and his US counterpart Donald Trump during the G20 meeting later this month will carry much more weight. It is hoped Washington makes serious preparations for the summit and not pin its hopes on exerting pressure.- Global Times.

Pence's APEC speech offers nothing new

Illustration: Liu Rui/GT

US Vice President Mike Pence aimed bluntly-worded criticism toward China while delivering a speech at the Asia Pacific Economic Cooperation meeting in Papua New Guinea on Saturday. He repeated the US' hardline approach in its trade conflicts with China, reiterated the US' determination of freedom of navigation and criticized China's foreign aid and cooperation with other countries.

Pence is considered the spokesperson for the US' tough position on China. Apparently, he shoulders the responsibility of piling pressure on China before the summit between Chinese President Xi Jinping and US President Donald Trump during the G20 meeting later this month.

But a few hours before Pence said that the US will not back down from its trade disputes with China unless Beijing bows to US demands, Trump told a number of journalists in the White House that he may not impose more tariffs.

Washington has made quite a lot of noise recently, and Pence's speech at APEC barely offers anything new. Pence said that China's assistance drowns recipient countries in a sea of debt and makes them compromise sovereignty, and that the US offers a "better option."

"We don't coerce, corrupt, or compromise your independence. The United States deals openly and fairly," Pence said. In reality, however, the country that does as Pence described is China and the one that jeopardizes the sovereignty of recipient countries is in truth the US.

The most prominent feature of China's international assistance and cooperation is that it comes with no political strings attached. Is there a better way than this to show respect for others' sovereignty? A big problem in the US' relations with developing countries is that Washington often interferes in their internal affairs. In fact, many Western countries have preconditions, mostly political, attached to their assistance, which touches upon the social governance system of developing countries and hence puts them in difficult positions.

Just look at how many times the US has found political fault with China when it comes to economic cooperation, with human rights issues often brought up during trade negotiations with China. The US also wants to intervene in the business of China's State-owned enterprises. With the US treating the strongest country among its cooperative partners this way, it's easy to imagine what a difficult time it gives to less powerful and underdeveloped countries in trade relations.

If the US can truly behave as Pence claims and make economic cooperation separate from others' sovereignty and based on an equal footing, there would be no major divergence in principles between China and the US. It's a blessing for the world in the 21st century that China emphasizes both sovereignty and equality when it comes to international economic cooperation.

We especially welcome the US to adopt this attitude toward China-US relations and make comprehensive China-US cooperation a role model for the world.

The core consideration of US diplomacy is geopolitics rather than global development. Washington cares about the neighboring regions of major powers and offers its assistance to these regions so as to weaken the influence of regional major powers. Meanwhile, distant countries are forgotten by the US and other Western countries. The South Pacific is one such region. It is China's mutually beneficial cooperation in the region that has drawn the attention of the US and other Western countries back there. The same goes for Africa. A number of African countries used to be ignored by the West in its geopolitical map. However, China's cooperation with Africa has reshaped the attitude of Washington and other Western countries toward Africa.

The China-proposed Belt and Road initiative has been warmly received by a large number of countries because it's not a geopolitical strategy, but a development plan guided by the principles of extensive consultation, joint contribution and shared benefits. It meets the pressing needs of developing countries and hence has ignited their passion for the initiative. When meeting with Xi on Friday, leaders and government representatives of eight South Pacific countries expressed their gratitude for China's longtime assistance and loans that have had no political requirements attached. This is the epitome of how welcome the Belt and Road initiative is.

It is hoped that Pence's words concerning sovereignty, respect and equality can become real action taken as part of US foreign policy. As long as the US has goodwill and real action, it will no longer need to criticize China and other countries will sense this and support it. Belittling a third party is not a noble act on the international stage.- Global Times

Related:

China meets an unequal detractor in US

The Chinese public has the enthusiasm and creativity in executing public diplomacy. They can, and will, find their own way of fighting against foreign provocation. Chinese government shouldn't always be the target and Western countries should also be confronted with China's strong non-governmental voices.

High-tech export controls will bring the US no good

Beijing needs to remain calm while Washington is impulsive. It has become a trend in the US to expand technological export restrictions against China, but it's uncertain to what extent Washington will enforce the restrictions. China shouldn't be swayed from the course of opening-up because of Washington's restrictions.


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Asia-Pacific Economic Cooperation (APEC) CEO Summit 2018: Good reason for China's rising popularity in South Pacific

 

After laughs at Trump, globalism or patriotism?

https://youtu.be/rewri7OdEZA https://youtu.be/QqZv3SLx1oI

US-ROK trade: 'horrible' to 'wins'?

US President Donald Trump delivered his speech loud and clear at the UN General Assembly on Tuesday covering a spectrum of issues, ranging from global security, trade, and above all - his idea of "sovereignty." His bragging also attracted some chuckles among the world leaders. What key messages did Trump fixate on? And how is the international community reacting to Trump's speech and his "America First" policies?

The US has revamped a trade deal with the Republic of Korea (ROK). The new version of the United States-Korea Free Trade Agreement specifically aims to boost US auto sale, but its effectiveness remains in doubt. Will this deal set a new precedent for more so-called "US wins" in its multi-front trade war?

NZ Prime Minister Jacinda Ardern Explains Why The UN Laughed At Trump

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What's next in the escalating China-US trade war?
 
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China vs USA: Trade war

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Trump’s tariff policy has failed: analysts

After China slammed US President Donald Trump's accusation that China is meddling in the US midterm elections, analysts noted that Trump's behavior shows he has been shamed as his policy toward China didn't bring what he wants but has hurt his supporters.

If Trump discovers he is losing support due to China's trade retaliation, which has hurt the interests of his supporters, then he should blame himself and people who convinced him to impose additional tariffs against China, because it was his administration that started the frictions and led to China's retaliation, Chinese experts said on Thursday.

"We do not and will not interfere in any country's domestic affairs. We refuse to accept any unwarranted accusations against China," Chinese State Councilor and Foreign Minister Wang Yi said at the UN Security Council at once after Trump made his accusation.

Trump accused China during his remarks at the UN Security Council on Wednesday, saying, "Regrettably, we found that China has been attempting to interfere in our upcoming 2018 elections in November against my administration," CNN reported.

Trump offered scant details or evidence, which came during a session meant to focus on nonproliferation issues. He suggested the meddling attempts came as retribution for the budding trade war he has waged with Beijing, CNN's report said.

China's Ministry of Foreign Affairs also responded to Trump's remarks on Thursday. "China has always stood by the principle of non-interference in other countries' internal affairs, and this is a Chinese diplomatic tradition, and the international community knows this," Chinese Foreign Ministry spokesperson Geng Shuang said at a routine press conference.

"The international community is also clear on which country is most interested in interfering with others' internal affairs," Geng noted. He urged the US to stop making groundless accusations and slandering China, and refrain from making wrong statements and actions that damage bilateral ties and the fundamental interests of the two peoples.

'Not what he wants'

"They do not want me or us to win because I am the first president ever to challenge China on trade," Trump said at the UN Security Council. "We are winning on trade. We are winning at every level. We don't want them to meddle or interfere in our upcoming elections."

However, Chinese analysts disagree with Trump's rhetoric.

"This shows that Trump has been ashamed into anger due to his unsuccessful policy on China," said Ni Feng, deputy director of the Chinese Academy of Social Sciences' Institute of American Studies.

"After a series of tariffs and provocations on the Taiwan question, and sanctions on the Chinese military department and personnel, China has continued to retaliate without any compromise and even refuses to negotiate with the US under the current circumstances. So this situation is not what he wants, which is why he is so angry and tries to make new accusations," Ni noted.

The US midterm elections are approaching, and the Republicans are facing a serious challenge and might lose the House after the elections. So Trump is trying to "pass the buck," said Diao Daming, an American studies expert and associate professor at Renmin University of China.

"Blaming China is a good option for him, and some radical Trump supporters will believe him regardless of the truth," Diao noted.

Due to the interdependency between China and the US, China's retaliation will definitely hurt US people's interests, including those of Trump supporters. But don't forget it was Trump who irrationally began the trade frictions with China, and China is forced to retaliate, Diao said.

"If the US people want to blame someone, they should blame their president. If Trump wants to blame someone for losing support or even the elections, he should blame himself and his advisers who urged him to start the trade row, rather than pass the buck to China," he noted.

A Chinese State-run English language newspaper inserted a four-page supplement in the Sunday edition of the Des Moines Register, an Iowa-based newspaper, to highlight the negative effects of the trade frictions Trump launched.

"China is actually placing propaganda ads in the Des Moines Register and other papers, and making them appear like news," Trump tweeted on Thursday.

"According to US laws, foreign media can cooperate with US media," and many other foreign media companies do the same thing. So, accusing this normal act as evidence of meddling in the elections is far-fetched and groundless, Geng said.

However, the US government, the Congress and the media have done a lot to interfere in China's internal affairs on Taiwan, Xinjiang and Tibet, Diao noted. "This is real interference in others' internal affairs." - Global Times By Yang Sheng


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Trump's 'blame China' midterm strategy won't secure GOP victory

It would be best if Trump could assert a level of caution when speaking at UN headquarters. Fabricated stories and slogans designed to trick American voters will not have the same effect with UN members.

US trade war has no international support

As long as China keeps upholding its opening-up, foreign enterprises, including many US ones, will continue participating in the development of the China market. China should continue cooperating with the Western world and the US on climate change, anti-terrorism, nuclear nonproliferation, global poverty and stabilizing the financial situation. As long as China keeps its development momentum, the US is doomed to lose the trade war.

Sovereignty, equality should go hand in hand, if Trump really means it

There are positive aspects as Trump emphasized the idea of national sovereignty in his UN speech. Meanwhile, it is common sense that sovereignty will only play a positive role if it is pre-conditioned on equality, the basic principle everyone abides by.

China won't yield to US trade stick

We also hope that the Chinese public gets to know the causes and effects of the event and the steadiness of the Chinese government's policies. No matter how long China-US trade conflicts last, China is doing what it should. China is honest and principled and a major trade power with intensive strengths. No one can take us down.

US hysterical in blocking sci-tech exchanges

The US is anxious about its temporary gains and losses. One minute it wants Sino-US exchanges, but the next it worries China is taking advantage. Its relevant policies are bound to change all the time. Its latest decision is like the trade war. Washington's purpose is to drag Beijing down, but it will mostly hurt itself.

China must open up despite external risks

The road to solidarity will reflect the times and China still needs to accumulate experiences. But as long as all of China's policies aim at serving the people, the country's solidarity won't go wrong.
Source: Global Times | 2018/9/19 23:33:40

Lobbying Washington more challenging for Moon

History has proved that Pyongyang-Washington ties have a decisive effect on inter-Korean relations. In this sense, in the final analysis, Seoul needs to focus on lobbying Washington.




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US-China trade war escalates, tariff list aims to hinder China’s high-tech development: expert

 

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America First? China Is Dominating Global Technology

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US-ROK trade: 'horrible' to 'wins'?

US President Donald Trump delivered his speech loud and clear at the UN General Assembly on Tuesday covering a spectrum of issues, ranging from global security, trade, and above all - his idea of "sovereignty." His bragging also attracted some chuckles among the world leaders. What key messages did Trump fixate on? And how is the international community reacting to Trump's speech and his "America First" policies?

The US has revamped a trade deal with the Republic of Korea (ROK). The new version of the United States-Korea Free Trade Agreement specifically aims to boost US auto sale, but its effectiveness remains in doubt. Will this deal set a new precedent for more so-called "US wins" in its multi-front trade war?

NZ Prime Minister Jacinda Ardern Explains Why The UN Laughed At Trump

  https://youtu.be/aYsZv9JXmio 

https://youtu.be/samRCVQTa-M 

https://youtu.be/9lXNF-_cmnM

https://youtu.be/ZjjNKDlwpDc

What's next in the escalating China-US trade war?
 
https://youtu.be/V73Cgcy3dTA

China vs USA: Trade war

https://youtu.be/aHSSDQYaIjQ

Trump’s tariff policy has failed: analysts

After China slammed US President Donald Trump's accusation that China is meddling in the US midterm elections, analysts noted that Trump's behavior shows he has been shamed as his policy toward China didn't bring what he wants but has hurt his supporters.

If Trump discovers he is losing support due to China's trade retaliation, which has hurt the interests of his supporters, then he should blame himself and people who convinced him to impose additional tariffs against China, because it was his administration that started the frictions and led to China's retaliation, Chinese experts said on Thursday.

"We do not and will not interfere in any country's domestic affairs. We refuse to accept any unwarranted accusations against China," Chinese State Councilor and Foreign Minister Wang Yi said at the UN Security Council at once after Trump made his accusation.

Trump accused China during his remarks at the UN Security Council on Wednesday, saying, "Regrettably, we found that China has been attempting to interfere in our upcoming 2018 elections in November against my administration," CNN reported.

Trump offered scant details or evidence, which came during a session meant to focus on nonproliferation issues. He suggested the meddling attempts came as retribution for the budding trade war he has waged with Beijing, CNN's report said.

China's Ministry of Foreign Affairs also responded to Trump's remarks on Thursday. "China has always stood by the principle of non-interference in other countries' internal affairs, and this is a Chinese diplomatic tradition, and the international community knows this," Chinese Foreign Ministry spokesperson Geng Shuang said at a routine press conference.

"The international community is also clear on which country is most interested in interfering with others' internal affairs," Geng noted. He urged the US to stop making groundless accusations and slandering China, and refrain from making wrong statements and actions that damage bilateral ties and the fundamental interests of the two peoples.

'Not what he wants'

"They do not want me or us to win because I am the first president ever to challenge China on trade," Trump said at the UN Security Council. "We are winning on trade. We are winning at every level. We don't want them to meddle or interfere in our upcoming elections."

However, Chinese analysts disagree with Trump's rhetoric.

"This shows that Trump has been ashamed into anger due to his unsuccessful policy on China," said Ni Feng, deputy director of the Chinese Academy of Social Sciences' Institute of American Studies.

"After a series of tariffs and provocations on the Taiwan question, and sanctions on the Chinese military department and personnel, China has continued to retaliate without any compromise and even refuses to negotiate with the US under the current circumstances. So this situation is not what he wants, which is why he is so angry and tries to make new accusations," Ni noted.

The US midterm elections are approaching, and the Republicans are facing a serious challenge and might lose the House after the elections. So Trump is trying to "pass the buck," said Diao Daming, an American studies expert and associate professor at Renmin University of China.

"Blaming China is a good option for him, and some radical Trump supporters will believe him regardless of the truth," Diao noted.

Due to the interdependency between China and the US, China's retaliation will definitely hurt US people's interests, including those of Trump supporters. But don't forget it was Trump who irrationally began the trade frictions with China, and China is forced to retaliate, Diao said.

"If the US people want to blame someone, they should blame their president. If Trump wants to blame someone for losing support or even the elections, he should blame himself and his advisers who urged him to start the trade row, rather than pass the buck to China," he noted.

A Chinese State-run English language newspaper inserted a four-page supplement in the Sunday edition of the Des Moines Register, an Iowa-based newspaper, to highlight the negative effects of the trade frictions Trump launched.

"China is actually placing propaganda ads in the Des Moines Register and other papers, and making them appear like news," Trump tweeted on Thursday.

"According to US laws, foreign media can cooperate with US media," and many other foreign media companies do the same thing. So, accusing this normal act as evidence of meddling in the elections is far-fetched and groundless, Geng said.

However, the US government, the Congress and the media have done a lot to interfere in China's internal affairs on Taiwan, Xinjiang and Tibet, Diao noted. "This is real interference in others' internal affairs." - Global Times By Yang Sheng


Related:

Trump's 'blame China' midterm strategy won't secure GOP victory

It would be best if Trump could assert a level of caution when speaking at UN headquarters. Fabricated stories and slogans designed to trick American voters will not have the same effect with UN members.

US trade war has no international support

As long as China keeps upholding its opening-up, foreign enterprises, including many US ones, will continue participating in the development of the China market. China should continue cooperating with the Western world and the US on climate change, anti-terrorism, nuclear nonproliferation, global poverty and stabilizing the financial situation. As long as China keeps its development momentum, the US is doomed to lose the trade war.

Sovereignty, equality should go hand in hand, if Trump really means it

There are positive aspects as Trump emphasized the idea of national sovereignty in his UN speech. Meanwhile, it is common sense that sovereignty will only play a positive role if it is pre-conditioned on equality, the basic principle everyone abides by.

China won't yield to US trade stick

We also hope that the Chinese public gets to know the causes and effects of the event and the steadiness of the Chinese government's policies. No matter how long China-US trade conflicts last, China is doing what it should. China is honest and principled and a major trade power with intensive strengths. No one can take us down.

US hysterical in blocking sci-tech exchanges

The US is anxious about its temporary gains and losses. One minute it wants Sino-US exchanges, but the next it worries China is taking advantage. Its relevant policies are bound to change all the time. Its latest decision is like the trade war. Washington's purpose is to drag Beijing down, but it will mostly hurt itself.

China must open up despite external risks

The road to solidarity will reflect the times and China still needs to accumulate experiences. But as long as all of China's policies aim at serving the people, the country's solidarity won't go wrong.
Source: Global Times | 2018/9/19 23:33:40

Lobbying Washington more challenging for Moon

History has proved that Pyongyang-Washington ties have a decisive effect on inter-Korean relations. In this sense, in the final analysis, Seoul needs to focus on lobbying Washington.




Related posts:

Tariff war threatens world trading system

 

Trump's overture to emerging Asia drowned out by trade war with China

 

US-China trade war escalates, tariff list aims to hinder China’s high-tech development: expert

 

China hits back after US imposes tariffs worth $34bn

America First? China Is Dominating Global Technology

https://youtu.be/uEvu0HQQKKs https://youtu.be/aOYfUlOXMyU https://youtu.be/cHGkdPPlnR8 https://youtu.be/VoJmbjrvXHg https://...

Tariffs won’t make US firms produce in US 

https://youtu.be/gEmu3Dz--bM "It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volum...

America First? China Is Dominating Global Technology

https://youtu.be/uEvu0HQQKKs https://youtu.be/aOYfUlOXMyU https://youtu.be/cHGkdPPlnR8 https://youtu.be/VoJmbjrvXHg https://youtu.be/-xHshQnuHZo https://youtu.be/MJLpGiHhr8E https://youtu.be/bihdCkIfA2Q https://youtu.be/xKfdhpt5b5s https://youtu.be/aG-8Fmk58-M https://youtu.be/jw3SoqZ3rFg https://youtu.be/wcumDVrus5Q https://youtu.be/uLqJQPr9TD4 https://youtu.be/g58MI9p-rUg

America First? China Is Dominating Global Technology

https://youtu.be/uEvu0HQQKKs https://youtu.be/aOYfUlOXMyU https://youtu.be/cHGkdPPlnR8 https://youtu.be/VoJmbjrvXHg https://youtu.be/-xHshQnuHZo https://youtu.be/MJLpGiHhr8E https://youtu.be/bihdCkIfA2Q https://youtu.be/xKfdhpt5b5s https://youtu.be/aG-8Fmk58-M https://youtu.be/jw3SoqZ3rFg https://youtu.be/wcumDVrus5Q https://youtu.be/uLqJQPr9TD4 https://youtu.be/g58MI9p-rUg

Tariffs won’t make US firms produce in US

https://youtu.be/gEmu3Dz--bM

"It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units," automaker Ford Motor Company said in a statement on Sunday.

US President Donald Trump tweeted earlier on Sunday that "'Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the US because of the prospect of higher US Tariffs.' CNBC. This is just the beginning. This car can now be built in the USA and Ford will pay no tariffs!" Ford quickly clarified the facts, evidently rebuffing Trump's tweet.

Likewise, tech giant Apple Inc. wrote a letter to US Trade Representative Robert Lighthizer, saying that a proposed 25 percent tariff on $200 billion of Chinese imports would cover a "wide range of Apple products."

In another tweet, Trump told Apple to make their products in the US instead of China. Apple hasn't responded.

According to the US media, the price of iPhone may increase to $2,000 if the company does as told.

The multinational companies that produce automobile and mobile phones have different manufacturing and sales layouts. Car manufacturers tend to produce their products where they are sold, while mobile phone manufacturers optimize their production chain costs worldwide. That's the natural law of economic globalization which can't be easily changed by a country's government.

The White House lacks understanding of the global production and value chains. "Make your products in the United States instead of China" seems naive. Instead of coercing companies to follow demands, imposing tariffs will only scare them off.

Simply making US companies produce in the US can't deal with the complicated global industry today. We have also learnt from history that neither side will gain in a trade war.

China is the world's largest automobile and mobile phone market. Setting tariff barriers between Beijing and Washington won't make US companies give up on China for the sake of their own country. As long as China doesn't make things hard for US companies, it's unavoidable that they will place production operations in China. The Chinese market can help them make money, but the White House can't.

Most American high-tech companies will face difficulties if they leave China. The larger the market is, the higher return the companies will get from their research and development. High-tech companies, if they can't grow to be giant, don't usually survive for long, and it would be fatal for many of them to lose the Chinese market.

There hasn't been a previous US government that dares to instruct multinational companies in production layouts, and the current administration has overestimated its executive power. The global industrial chain today is formed by market rules established over decades and can't be easily changed by one government.

It would be the White House's dream to expect that the US is not only the world's technology and financial center, but also the world's factory that sells its products globally. If the US doesn't want to wake up from this dream, then the outside world has to step in and rouse Washington.

Source:Global Times

Related:

New iPhone alert: Apple to unveil new devices on Sept 12

Trade data shows US economy rejects trade war

The decline in trade will affect both China and the US. It is not only China that will bear the consequences.

China cool to Australia's contradictory policy

China should give up the illusion of persuading Australia to stop containing China together with the US. Instead Beijing should let Canberra calm down and rethink.

China-Africa cooperation charts a new path of mutual benefits

The Chinese people must cherish what the country has earned them. China has no alternative but to continue to learn how to deal with the world in the 21st century. 

Xi's China-Africa guidelines are the keys to the new global paradigm

The "five-no" and "four-can't" are truly inspiring. They correct the concepts of rights and point to the justice of the day. President Xi's points will definitely leave a deep mark on the history of relations between the African continent and China, and the entire world. 

West's sour grapes at China-Africa cooperation

The possibility of the West leading the collaboration with the continent again always exists as long as they do not get their heads jammed by a geopolitical mind-set. 

China-N.Korea friendship benefits whole region

The US, South Korea and Japan must clarify what exactly they want on the Korean Peninsula. They cannot have everything, especially things that contradict each other. If the US wishes for denuclearization and peace on the peninsula, it would see the value of China-North Korea ties and support them.

Tariffs won’t make US firms produce in US

https://youtu.be/gEmu3Dz--bM

"It would not be profitable to build the Focus Active in the U.S. given an expected annual sales volume of fewer than 50,000 units," automaker Ford Motor Company said in a statement on Sunday.

US President Donald Trump tweeted earlier on Sunday that "'Ford has abruptly killed a plan to sell a Chinese-made small vehicle in the US because of the prospect of higher US Tariffs.' CNBC. This is just the beginning. This car can now be built in the USA and Ford will pay no tariffs!" Ford quickly clarified the facts, evidently rebuffing Trump's tweet.

Likewise, tech giant Apple Inc. wrote a letter to US Trade Representative Robert Lighthizer, saying that a proposed 25 percent tariff on $200 billion of Chinese imports would cover a "wide range of Apple products."

In another tweet, Trump told Apple to make their products in the US instead of China. Apple hasn't responded.

According to the US media, the price of iPhone may increase to $2,000 if the company does as told.

The multinational companies that produce automobile and mobile phones have different manufacturing and sales layouts. Car manufacturers tend to produce their products where they are sold, while mobile phone manufacturers optimize their production chain costs worldwide. That's the natural law of economic globalization which can't be easily changed by a country's government.

The White House lacks understanding of the global production and value chains. "Make your products in the United States instead of China" seems naive. Instead of coercing companies to follow demands, imposing tariffs will only scare them off.

Simply making US companies produce in the US can't deal with the complicated global industry today. We have also learnt from history that neither side will gain in a trade war.

China is the world's largest automobile and mobile phone market. Setting tariff barriers between Beijing and Washington won't make US companies give up on China for the sake of their own country. As long as China doesn't make things hard for US companies, it's unavoidable that they will place production operations in China. The Chinese market can help them make money, but the White House can't.

Most American high-tech companies will face difficulties if they leave China. The larger the market is, the higher return the companies will get from their research and development. High-tech companies, if they can't grow to be giant, don't usually survive for long, and it would be fatal for many of them to lose the Chinese market.

There hasn't been a previous US government that dares to instruct multinational companies in production layouts, and the current administration has overestimated its executive power. The global industrial chain today is formed by market rules established over decades and can't be easily changed by one government.

It would be the White House's dream to expect that the US is not only the world's technology and financial center, but also the world's factory that sells its products globally. If the US doesn't want to wake up from this dream, then the outside world has to step in and rouse Washington.

Source:Global Times

Related:

New iPhone alert: Apple to unveil new devices on Sept 12

Trade data shows US economy rejects trade war

The decline in trade will affect both China and the US. It is not only China that will bear the consequences.

China cool to Australia's contradictory policy

China should give up the illusion of persuading Australia to stop containing China together with the US. Instead Beijing should let Canberra calm down and rethink.

China-Africa cooperation charts a new path of mutual benefits

The Chinese people must cherish what the country has earned them. China has no alternative but to continue to learn how to deal with the world in the 21st century. 

Xi's China-Africa guidelines are the keys to the new global paradigm

The "five-no" and "four-can't" are truly inspiring. They correct the concepts of rights and point to the justice of the day. President Xi's points will definitely leave a deep mark on the history of relations between the African continent and China, and the entire world. 

West's sour grapes at China-Africa cooperation

The possibility of the West leading the collaboration with the continent again always exists as long as they do not get their heads jammed by a geopolitical mind-set. 

China-N.Korea friendship benefits whole region

The US, South Korea and Japan must clarify what exactly they want on the Korean Peninsula. They cannot have everything, especially things that contradict each other. If the US wishes for denuclearization and peace on the peninsula, it would see the value of China-North Korea ties and support them.