Page 40 - 2020 White Paper on the Business Environment in China
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0 White Paper on the Business Environment in China
commitment to making China to further open Trade Conflict Timeline (Since the
its market through tariffs imposed. China’s January, 30-31 2019 Trade Talks)
primary goals are to achieve the overall economic
and trade stability of China and the US, and to February 2019
form a stable framework and consultation and
communication mechanism agreed upon by both Trump said he will not meet with Xi in-person
sides. Everything else is secondary. The trade before the tariff ceasefire expires on March 1,
talks with the US also provide an opportunity 2019. A week before, Trump said that he would
for China to further improve its own economic meet with Xi in-person in February. However,
structure, promote marketization, and see more The US and China held trade talks in Beijing.
stable integration into the world economic On Friday, February 15, Xi met with top US
system. If progress can be made on issues such negotiators in what was widely interpreted as
as intellectual property protection, it will also a goodwill gesture. At the end of negotiations,
be beneficial to China’s economic development. the US and China continued to have differences,
Only by establishing a long-term mechanism but agreed to keep talking in Washington the
can China gradually turn trade risks into a following week. Trump had told reporters he was
driving force for development, and effectively optimistic concerning a trade deal at meeting
mitigate risks through the mechanism, which is with Chinese economist and PRC Vice Premier Liu
beneficial to both China and the United States. He. A few days later he announced that he would
But trade negotiations between China and the extend the March 1 trade deal truce deadline,
US are not just about these two countries. This citing progress in trade talks. Trump does not give
is a big question that concerns almost the entire a concrete date for a new deadline, but expresses
world. It is conceivable that if China and the hope that Xi will visit Trump’s Mar-a-Lago resort
United States, two major trading powers, ignore in Florida in March to finalize a trade deal.
globalization and replace multilateralism with
bilateral trade, such a result will have an impact March 2019
on globalization. As a result, the consequences of
trade negotiations between China and the US will A month had passed when US and Chinese
actually affect the economic policies of almost negotiators resumed trade talks in Beijing. The
every country. This is the reason why although month-long break was partly due to the Two
the US-China trade negotiation is a bilateral Sessions meetings, China’s biggest political
affair of China and the US at the micro-level, the meetings of the year, held in early March.
process is being closely observed by many other Officials call the trade talks constructive, but
countries. Therefore, for China, it is undoubtedly an enforcement mechanism to monitor China’s
more important to clarify the general direction commitment to trade concessions reportedly the
of US-China negotiations. Only by establishing of primary sticking point. By the end of the month,
a long-term mechanism can China truly realize China extended the suspension of additional
the long-term stability of its external economic tariffs on US autos and auto parts, which were set
environment. It must break free from the “rock- to go back into force on April 1. China previously
paper-scissors” negotiation game, and establish placed retaliatory tariffs of 25 percent on such
a solid position for itself in the world trade products in reaction to US tariffs, but suspended
environment. At the same time, the establishment them in December 2018. The announcement,
of such a long-term mechanism is actually a form however, did not state when the suspension
of bilateral trade negotiations, which is in line would expire. US autos are still subject to China’s
with the interests of the US and world trade, and standard tariff rate of 15 percent.
has potential prospects as a target of common
trade value (Chen, Endgame). April 2019
China banned all variants of the synthetic
opioid fentanyl in what was considered a
40
commitment to making China to further open Trade Conflict Timeline (Since the
its market through tariffs imposed. China’s January, 30-31 2019 Trade Talks)
primary goals are to achieve the overall economic
and trade stability of China and the US, and to February 2019
form a stable framework and consultation and
communication mechanism agreed upon by both Trump said he will not meet with Xi in-person
sides. Everything else is secondary. The trade before the tariff ceasefire expires on March 1,
talks with the US also provide an opportunity 2019. A week before, Trump said that he would
for China to further improve its own economic meet with Xi in-person in February. However,
structure, promote marketization, and see more The US and China held trade talks in Beijing.
stable integration into the world economic On Friday, February 15, Xi met with top US
system. If progress can be made on issues such negotiators in what was widely interpreted as
as intellectual property protection, it will also a goodwill gesture. At the end of negotiations,
be beneficial to China’s economic development. the US and China continued to have differences,
Only by establishing a long-term mechanism but agreed to keep talking in Washington the
can China gradually turn trade risks into a following week. Trump had told reporters he was
driving force for development, and effectively optimistic concerning a trade deal at meeting
mitigate risks through the mechanism, which is with Chinese economist and PRC Vice Premier Liu
beneficial to both China and the United States. He. A few days later he announced that he would
But trade negotiations between China and the extend the March 1 trade deal truce deadline,
US are not just about these two countries. This citing progress in trade talks. Trump does not give
is a big question that concerns almost the entire a concrete date for a new deadline, but expresses
world. It is conceivable that if China and the hope that Xi will visit Trump’s Mar-a-Lago resort
United States, two major trading powers, ignore in Florida in March to finalize a trade deal.
globalization and replace multilateralism with
bilateral trade, such a result will have an impact March 2019
on globalization. As a result, the consequences of
trade negotiations between China and the US will A month had passed when US and Chinese
actually affect the economic policies of almost negotiators resumed trade talks in Beijing. The
every country. This is the reason why although month-long break was partly due to the Two
the US-China trade negotiation is a bilateral Sessions meetings, China’s biggest political
affair of China and the US at the micro-level, the meetings of the year, held in early March.
process is being closely observed by many other Officials call the trade talks constructive, but
countries. Therefore, for China, it is undoubtedly an enforcement mechanism to monitor China’s
more important to clarify the general direction commitment to trade concessions reportedly the
of US-China negotiations. Only by establishing of primary sticking point. By the end of the month,
a long-term mechanism can China truly realize China extended the suspension of additional
the long-term stability of its external economic tariffs on US autos and auto parts, which were set
environment. It must break free from the “rock- to go back into force on April 1. China previously
paper-scissors” negotiation game, and establish placed retaliatory tariffs of 25 percent on such
a solid position for itself in the world trade products in reaction to US tariffs, but suspended
environment. At the same time, the establishment them in December 2018. The announcement,
of such a long-term mechanism is actually a form however, did not state when the suspension
of bilateral trade negotiations, which is in line would expire. US autos are still subject to China’s
with the interests of the US and world trade, and standard tariff rate of 15 percent.
has potential prospects as a target of common
trade value (Chen, Endgame). April 2019
China banned all variants of the synthetic
opioid fentanyl in what was considered a
40
