Experts: Bilateral ties based on mutual benefits and comparative advantages
China and the United States need to establish a new balance of trade, finance and tech亚博yabo平台乌托邦品茶微信
nology cooperation, while avoiding a full-blown confrontation amid intensified tensions, experts said.
Their comments came as Washington threatened to impose an additional 10 percent tariff on $300亚博yabo平台乌托邦
billion worth of Chinese goods starting Sept 1, and labeled China “a currency manipulator”.
亚博yabo平台乌托邦品茶微信Huang Renwei, deputy director of Fudan Institute of Belt and Road & Global Governance, said China-US relations are unpre
cedentedly grim, because the ballast stone-their economic and trade ties-has been facing harsh confrontation.
“We should persist in building a new strategic balance between China and the US, a b亚博yabo平台乌托邦
alance in terms of trade, finance and technology,” Huang said during a seminar in Beijing.
Such a balance cannot be immediately established, but the goal won’t be c
亚博yabo平台乌托邦品茶微信hanged, Huang said. Only when those US hard-liners are greatly challenged, will they come to seek the new balance, he added.
Wang Wen, chief economist with China Export and Credit Insurance Corp, sa
id China-US economic and trade relations are based on comparative advantages and mu亚博yabo平台乌托邦
tual benefits, which bring huge benefits to companies and consumers of both countries.
亚博yabo平台乌托邦品茶微信The world’s two largest economies have been involved in addressing th
e trade tensions for the past year. Analysts said the US’ new tariff threat puts the
progress that both parties made in the past 12 rounds of high-level talks in vain.