20 February 2018
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  • » 02/09/2018, 13.29

    CHINA – UNITED STATES

    Beijing taking steps to avert a possible trade war with Washington



    State Councillor Yang Jiechi met Rex Tillerson. High level talks could resume.  The threat of new duties on Chinese exports to the US looms over the horizon. The US, Japan and Europe are frustrated.

    Washington (AsiaNews/Agencies) – Chinese State Councillor Yang Jiechi is in Washington to avert a trade war with the United States.

    After Donald Trump's election promises, accusations against China of currency manipulation and economic support for its exports, the United States is preparing a list of Beijing's trade violations and new tariffs. According to White House, new sanctions on Chinese products are "imminent".

    The US slapped steep tariffs on imported solar panels and washing machines last month and is considering recommendations on import restrictions for steel and aluminium, plus other trade sanctions against China over alleged intellectual property theft.

    For its part, China’s Commerce Ministry launched an anti-dumping and anti-subsidies probe at the weekend into imports of sorghum from the United States.

    Yesterday Yang announced the resumption of talks whilst meeting US Secretary of State Rex Tillerson during a visit to Washington.

    “It’s proven by fact that the nature of the Sino-US trade relationship is mutually beneficial to each other, creating huge benefits to both sides,” Yang was quoted as saying.

    “Both sides,” he added, “can explore cooperation on energy, infrastructure and the Belt and Road Initiative and open up each other’s markets and handle differences appropriately.”

    The US State Department said Tillerson and Yang agreed on Thursday about the importance of continuing a constructive and productive relationship, but did not mention economic talks.

    Meanwhile, the United States, Japan and Europe remain frustrated by the closure of China’s markets to foreign investments, the forced transfer of technologies (through joint-ventures), and China’s subsidies to its Chinese exports, which destroy all competition.

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    See also

    12/05/2017 10:35:00 CHINA-US
    Beijing and Washington agree on series of trade agreements, following past threats

    The US will be able to export liquid gas and beef; it wWill be able to enter the credit card market and issue credit certificates to their companies in China, with the possibility of receiving loans as well. China will be able to export pre-cooked chicken meat and Chinese banks will enter the American market. An "Herculean result". US Representatives will be present at One belt One road Forum in Beijing on May 14 and 15 next.



    16/05/2017 19:00:00 China
    Beijing OBOR summit, a partial success

    President Xi Jinping says China will not differentiate among countries that want to participate, stressing the initiative’s economic and financial aspects. But this is not enough for a new globalisation. On people-to-people relations, China still has to catch up. Wanda City, China’s Disneyland, will play a role.



    19/05/2017 13:31:00 CHINA
    Corruption and human rights abuses cast a shadow over OBOR, Xi Jinping’s mega project

    Corruption is not just the result of a money exchange; it also comes from a lack of transparency when agreements are implemented. One cannot expect a new Gospel from a government that promotes repression and abuse. An exiled Chinese scholar looks at the issue. Courtesy of ChinaChange.



    20/02/2009 CHINA - INDIA
    India announces tariffs on Chinese aluminum: trade war fears on the rise
    In January, New Delhi banned Chinese toys for six months, for safety reasons. Annual trade between the two countries amounts to 51.8 billion dollars, but is increasing rapidly.

    01/07/2017 20:26:00 INDIA – UNITED STATES
    Modi and Trump cozy up to check China’s expansion

    Despite the economic rivalry, Indo-US friendship turns into a military alliance against the Pakistan-China axis and the development of the New Silk Road. Washington will sell weapons to Delhi and allow the manufacturing of F-16 in India.





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