日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

Unilateral action could spur trade war, experts say

By Zhong Nan and Jing Shuiyu in Beijing and Chen Weihua in Washington | China Daily | Updated: 2017-08-21 06:53
Share
Share - WeChat

A container ship docks at the Port of Ningbo, East China's Zhejiang province. [Photo/Xinhua]

A US rule being used to look into Beijing's trade practices is too out of date to provide effective measures to relieve its trade deficit with China, and international trade friction can never be solved through unilateral acts, senior experts from both countries said.

The US trade representative initiated the investigation on Friday under Section 301 of Trade Act of 1974, examining China's intellectual property policies and practices. That came just four days after President Donald Trump signed a memorandum authorizing the trade representative to determine if an investigation was necessary.

The move by the United States signals that the current bilateral economic and trade relations are "at a crossroads", said Wei Jianguo, vice-president of Beijing-based China Center for International Economic Exchanges.

"China needs to prevent the Trump administration from replacing the bilateral, multilateral and global trade rules with unilateralism on trade," the former vice-minister of commerce told China Daily on Sunday.

Wei said the "Cold War mentality" of the US is dangerous. "It will result in global trade recession and chaos," he said.

"The trade imbalance is caused by the distribution of the global value chain and the differentiated industrial structure," said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation in Beijing.

Bai said the labor in the US costs more than in China, therefore it does not have an advantage in manufacturing to compete with China, but it has a notable edge in high-tech products and services trade with China.

"Such unilateral trade sanctions on China will not stop the progress of globalization and such action will only weaken the ability of companies to earn in both countries," said Bai. "No one can force China to obey other countries in conducting trade activities."

China has warned the US of its actions after Trump signed the memo last week. The Ministry of Commerce responded on Tuesday by saying China will take all necessary and appropriate measures to protect its commercial and trade interests if the US wrongly accuses China of theft of US technology and intellectual property.

Foreign Ministry spokeswoman Hua Chunying said last week that "any member of the World Trade Organization should observe its rules in taking trade measures".

"Given the increasingly converging China-US interests and the close-knit pattern of the two countries being mutually dependent, there will be no future or winner but only losers in a trade war," she warned.

Chad Bown, a senior fellow at the Peterson Institute for International Economics, described the use of Section 301 as dusting off an outdated US trade law that allows the US president to unilaterally impose tariffs on another country.

Section 301 was used most by the Reagan administration, when current US Trade Representative Robert Lighthizer served as deputy trade representative.

Bown said such a solution may only make matters worse. He said the use of an ill advised and obsolete US trade law is likely to shift attention away from China's actions toward Trump's own policies.

The US government has conducted 122 such Section 301 investigations since 1974.

Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 五月婷婷开心 | 京香julia在线| 免费中文字幕视频 | 日韩视频在线观看免费 | 中文字幕网站在线观看 | 午夜影院h| 操碰97| 欧美精品网 | 在线观看视频你懂的 | 黄色九九 | 欧美久久一级 | 国产日韩在线视频 | 久久久久久艹 | 九九九免费视频 | 毛片在线免费 | 成人精品国产 | 亚洲精品播放 | 91免费国产在线 | 午夜精品福利在线观看 | 亚洲色综合 | 在线超碰av | 免费在线播放 | 国产在视频线精品视频 | 99热免费 | 日韩免费在线视频观看 | 国产三级高清 | 午夜免费体验区 | 午夜h视频 | 免费视频一二三区 | 欧美视频一二三 | 亚洲综合免费 | 精品无码久久久久久国产 | 日韩欧美三区 | 热久久在线 | 欧美一级特黄aaaaaa在线看片 | 亚洲激情网站 | 在线观看亚洲成人 | 伊人再见免费在线观看高清版 | 狠狠操你 | 精品一区二区三区毛片 | 国产精品久久一区 |