While Xi has called for “win-win” cooperation, Biden has called China America’s “most serious competitor” and vowed to “out compete” Beijing.
On Thursday, Biden told a bipartisan group of U.S. senators at a meeting on the need to upgrade U.S. infrastructure the United States must raise its game in the face of the Chinese challenge.
Read more at:
China will 'eat our lunch,' Biden warns after clashing with Xi on most fronts | Reuters
Showing posts with label China-US Relations. Show all posts
Showing posts with label China-US Relations. Show all posts
7/15/22
3/7/22
China-US relations: Blinken speaks with Chinese foreign minister on Ukraine: State Dept.
U.S. Secretary of State Antony Blinken spoke on Saturday with Chinese Foreign Minister Wang Yi about "Moscow's premeditated, unprovoked, and unjustified war against Ukraine," a U.S. State Department spokesperson said.
"The Secretary noted the world is watching to see which nations stand up for the basic principles of freedom, self-determination and sovereignty," spokesperson Ned Price said in a statement.
Read more at: Blinken speaks with Chinese foreign minister on Ukraine: State Dept. | Reuters
"The Secretary noted the world is watching to see which nations stand up for the basic principles of freedom, self-determination and sovereignty," spokesperson Ned Price said in a statement.
Read more at: Blinken speaks with Chinese foreign minister on Ukraine: State Dept. | Reuters
11/15/21
US Joe Biden and China Xi Jinping: What they want from talks
US President Joe Biden and Chinese President Xi Jinping are holding a virtual summit as tensions between the two superpowers deepen.
The competing nations surprised many last week by issuing a joint declaration to address climate change, at talks in Glasgow, Scotland.
But growing concerns of a military confrontation over Taiwan have thrown their differences into sharp relief.
Read more at: Joe Biden and Xi Jinping: What they want from talks - BBC News
The competing nations surprised many last week by issuing a joint declaration to address climate change, at talks in Glasgow, Scotland.
But growing concerns of a military confrontation over Taiwan have thrown their differences into sharp relief.
Read more at: Joe Biden and Xi Jinping: What they want from talks - BBC News
10/22/21
China-US relations:China's latest missile test raises the stakes for Biden's nuclear weapons review
China's test of a nuclear-capable hypersonic missile has given new fuel to critics of President Joe Biden's ambitious agenda to scale back America's nuclear arsenal, with intelligence and defense officials warning that the Chinese launch marked a significant technological leap that could threaten the US in new ways.
News of the launch is coming to light publicly as the administration nears the end of its nuclear posture review. Biden's national security team has been working toward a policy of increased restraint and more limited spending on nuclear modernization and production. The President has also been weighing a "no first use" policy for U.S. nuclear weapons, according to people familiar with the discussions.
Others within the administration are waving red flags, however. Intelligence officials told the Senate Intelligence Committee in private briefings that the Chinese test -- which they tracked closely as it was happening -- marked a substantial advancement in China's ability to launch a strategic first strike against the United States, according to people familiar with the briefings.
Read more at: https://www.wral.com/chinas-latest-missile-test-raises-the-stakes-for-bidens-nuclear-weapons-review/19938942/
News of the launch is coming to light publicly as the administration nears the end of its nuclear posture review. Biden's national security team has been working toward a policy of increased restraint and more limited spending on nuclear modernization and production. The President has also been weighing a "no first use" policy for U.S. nuclear weapons, according to people familiar with the discussions.
Others within the administration are waving red flags, however. Intelligence officials told the Senate Intelligence Committee in private briefings that the Chinese test -- which they tracked closely as it was happening -- marked a substantial advancement in China's ability to launch a strategic first strike against the United States, according to people familiar with the briefings.
Read more at: https://www.wral.com/chinas-latest-missile-test-raises-the-stakes-for-bidens-nuclear-weapons-review/19938942/
9/6/21
China-US Relations: The US and China can't get along -- even if the planet's future is at stake
In July, the Chinese city of Zhengzhou was devastated by flooding that killed subway passengers and motorists unable to escape from underground tunnels. And just last week, flooding stretched across the United States' East Coast, drowning a family of three in their submerged apartment and sweeping two young adults into a storm drain.
And yet, despite facing the same common threat, China and the United States -- the world's biggest greenhouse gas emitters -- remain at odds when it comes to climate action.
Read more at The US and China can't get along -- even if the planet's future is at stake
And yet, despite facing the same common threat, China and the United States -- the world's biggest greenhouse gas emitters -- remain at odds when it comes to climate action.
Read more at The US and China can't get along -- even if the planet's future is at stake
7/21/21
China-US relations: China Accuses CIA of Hacking Beijing for Over a Decade- by John Feng
Chinese Foreign Ministry spokesperson Zhao Lijian said charges that its Ministry of State Security had sanctioned contract hackers to conduct cyber operations around the world were "unwarranted" and a "political smear."
The allegations put forward by the U.S. and its allies—including NATO, the European Union, Five Eyes and Japan—lacked evidence, he told reporters at a daily press briefing in Beijing on Tuesday.
Read more at China Accuses CIA of Hacking Beijing for Over a Decade
The allegations put forward by the U.S. and its allies—including NATO, the European Union, Five Eyes and Japan—lacked evidence, he told reporters at a daily press briefing in Beijing on Tuesday.
Read more at China Accuses CIA of Hacking Beijing for Over a Decade
4/25/21
China-US relations: The U.S. has very little to gain by overdemonizing China - by Michael O’Hanlon
The recent bipartisan push in the United States to be tough on China seems to be confirming the adage: If it’s worth doing, it’s worth overdoing. While the Biden administration suggests that we compete against Beijing in some realms, cooperate with it in others and confront the Chinese where we must, Washington seems all too willing to overemphasize this last leg of the policy triad.
An important aspect of this is the decision to designate China as a perpetrator of genocide for its treatment of the Uyghur population in Xinjiang. “Genocide” is a big and loaded term. Its use here seems historically and legally inappropriate, and purposefully incendiary within the U.S.-China relationship. But the genocide designation is simply emblematic of a broader tendency toward the demonization of China in American foreign policy that is trending toward dangerous groupthink.
Read more at: Opinion | The U.S. has very little to gain by overdemonizing China - The Washington Post
An important aspect of this is the decision to designate China as a perpetrator of genocide for its treatment of the Uyghur population in Xinjiang. “Genocide” is a big and loaded term. Its use here seems historically and legally inappropriate, and purposefully incendiary within the U.S.-China relationship. But the genocide designation is simply emblematic of a broader tendency toward the demonization of China in American foreign policy that is trending toward dangerous groupthink.
Read more at: Opinion | The U.S. has very little to gain by overdemonizing China - The Washington Post
3/20/21
China-US Relations: China, US to set up joint working group on climate change
Despite media reports that little progress was made during the two-days of dialogue in the Alaskan city of Anchorage, which ended Friday, China's official Xinhua news agency said Beijing and Washington had decided to set up a working group on climate change.
The agency did not provide any details on the initiative, other than saying both China and the United States are committed to enhancing communication and cooperation.
The talks were the first face-to-face meeting between senior US officials and their Chinese counterparts since President Joe Biden took office earlier this year. They opened with tense and extended exchanges over human rights in front of television cameras, before the officials retreated behind closed doors.
Read more at: China, US to set up joint working group on climate change — report | Asia| An in-depth look at news from across the continent | DW | 20.03.2021
The agency did not provide any details on the initiative, other than saying both China and the United States are committed to enhancing communication and cooperation.
The talks were the first face-to-face meeting between senior US officials and their Chinese counterparts since President Joe Biden took office earlier this year. They opened with tense and extended exchanges over human rights in front of television cameras, before the officials retreated behind closed doors.
Read more at: China, US to set up joint working group on climate change — report | Asia| An in-depth look at news from across the continent | DW | 20.03.2021
12/20/20
China-US Relations: Chinese Factories Want to Make Climate-Friendly Air Conditioners. A US Company Is Blocking Them - by Phil McKenna and Feng Hao
Air conditioners sped down the assembly line at the Midea appliance factory on a recent Saturday afternoon, as pop music blared over the din of fans and motors. The workers, mostly 20-somethings in crisp blue uniforms, were working quickly and on track to meet their daily target of 3,300 units.
Stretching the length of a football field, the assembly line in Wuhu was retooled in 2016 to produce hundreds of thousands of climate-friendly air conditioners per year, funded with money from the United Nations. The goal was to help reduce a class of key climate super-pollutants.
Air conditioners now use fluorinated chemical refrigerants. While each air conditioner contains only a small amount of refrigerant, the chemicals eventually make their way into the atmosphere, as the devices slowly leak or are destroyed at the end of their useful life. Those emissions add up and wreak havoc. As greenhouse gases they are hundreds to thousands of times more potent than carbon dioxide in warming the planet. Newsletters
Note EU-Digest:Presently China and the US, regardless of their different political ideologies, need each other. China as a producer of products and the US as a major consumer of Chinese products. Unfortunately, because the US has completely neglected their own local production industries and facilities , while China expanded its global sales network of Chinese products, it does not appear the US will be able to hold on much longer to the title of "the number one nation on the block".
Read more at: Chinese Factories Want to Make Climate-Friendly Air Conditioners. A US Company Is Blocking Them - Inside Climate News
Stretching the length of a football field, the assembly line in Wuhu was retooled in 2016 to produce hundreds of thousands of climate-friendly air conditioners per year, funded with money from the United Nations. The goal was to help reduce a class of key climate super-pollutants.
Air conditioners now use fluorinated chemical refrigerants. While each air conditioner contains only a small amount of refrigerant, the chemicals eventually make their way into the atmosphere, as the devices slowly leak or are destroyed at the end of their useful life. Those emissions add up and wreak havoc. As greenhouse gases they are hundreds to thousands of times more potent than carbon dioxide in warming the planet. Newsletters
Note EU-Digest:Presently China and the US, regardless of their different political ideologies, need each other. China as a producer of products and the US as a major consumer of Chinese products. Unfortunately, because the US has completely neglected their own local production industries and facilities , while China expanded its global sales network of Chinese products, it does not appear the US will be able to hold on much longer to the title of "the number one nation on the block".
Read more at: Chinese Factories Want to Make Climate-Friendly Air Conditioners. A US Company Is Blocking Them - Inside Climate News
8/30/20
China-US relations: Trump’s China Sanctions Fail Russian History Test-by Clara Ferreira Marques
The U.S. is deploying its economic weaponry as never before, using
unilateral sanctions to punish China for the erosion of Hong Kong's
autonomy and its treatment of Uighur minorities in the country's
northwest. Western experience with Russia suggests Washington's efforts
to force a change of behavior are unlikely to succeed, even if the
measures remain in place for years.
Washington blacklisted a powerful Chinese conglomerate and officials over human rights abuses in Xinjiang at the end of July, just as President Donald Trump suggested he would ban popular Chinese-owned video app TikTok. In early August, weeks after Beijing imposed a national security law on Hong Kong, the White House took the most dramatic step of all, targeting the territory’s leader, Carrie Lam, and a handful of others. The Hong Kong Autonomy Act passed by the U.S. in July may expand that group, and target their bankers, too.
The U.S. sanctions machinery has generally been targeted at smaller, rogue states. Not always, though. Russia has been under progressively tougher measures since 2014, following the annexation of Crimea and the downing of a passenger aircraft over Ukraine. The Russian economy, before punitive action, was twice the size of all others under U.S. sanctions combined. Targeting the world’s second-largest economy represents another step up. Still, experience offers some hints of what can be expected.
Read more at:
Trump’s China Sanctions Fail Russian History Test
Washington blacklisted a powerful Chinese conglomerate and officials over human rights abuses in Xinjiang at the end of July, just as President Donald Trump suggested he would ban popular Chinese-owned video app TikTok. In early August, weeks after Beijing imposed a national security law on Hong Kong, the White House took the most dramatic step of all, targeting the territory’s leader, Carrie Lam, and a handful of others. The Hong Kong Autonomy Act passed by the U.S. in July may expand that group, and target their bankers, too.
The U.S. sanctions machinery has generally been targeted at smaller, rogue states. Not always, though. Russia has been under progressively tougher measures since 2014, following the annexation of Crimea and the downing of a passenger aircraft over Ukraine. The Russian economy, before punitive action, was twice the size of all others under U.S. sanctions combined. Targeting the world’s second-largest economy represents another step up. Still, experience offers some hints of what can be expected.
Read more at:
Trump’s China Sanctions Fail Russian History Test
7/26/20
China-US relations; China Has ‘First-Strike’ Capability To Melt U.S. Power Grid With Electromagnetic Pulse Weapon
The EMP Task Force on National and Homeland Security issued a scary report
on China’s ability to conduct an Electromagnetic Pulse attack on the
United States. The key takeaway, according to Dr. Peter Pry,
executive
director of the task force, is that China now has super-EMP weapons,
knows how to protect itself against an EMP attack, and has developed
protocols to conduct a first-strike attack, even as they deny they would
ever do so.
According to the Center for Strategic International Studies, China has the most active ballistic missile development program in the world, so this is doubly troubling. China used stolen U.S. technology to develop at least three types of high-tech weapons to attack the electric grid and key technologies that could cause a surprise “Pearl Harbor” attack that could produce a deadly blackout to the entire country.
Read more at:
China Has ‘First-Strike’ Capability To Melt U.S. Power Grid With Electromagnetic Pulse Weapon
According to the Center for Strategic International Studies, China has the most active ballistic missile development program in the world, so this is doubly troubling. China used stolen U.S. technology to develop at least three types of high-tech weapons to attack the electric grid and key technologies that could cause a surprise “Pearl Harbor” attack that could produce a deadly blackout to the entire country.
Read more at:
China Has ‘First-Strike’ Capability To Melt U.S. Power Grid With Electromagnetic Pulse Weapon
7/22/20
China-US relations: Are China-US relations drifting closer towards war?
When senior Chinese and American diplomats met in Hawaii last month, for the first time in nearly a year, the stakes were unusually high amid fears their acrimonious tensions are drifting imperceptibly towards war.
The secret meeting between US Secretary of State Mike Pompeo and Yang Jiechi, the top diplomatic aide to Chinese President Xi Jinping, took place – perhaps coincidentally – at Pearl Harbor, scene of a pivotal moment for the US and world history when it was bombed by the Japanese nearly 80 years ago.
The two superpowers have been embroiled in an economic and technological decoupling amid an unfolding new Cold War. Beijing and Washington have engaged in a global blame-game over the deadly coronavirus and are at odds on almost every front, from
.
The two superpowers have been embroiled in an economic and technological decoupling amid an unfolding new Cold War. Beijing and Washington have engaged in a global blame-game over the deadly coronavirus and are at odds on almost every front, from
.
Are China-US relations drifting closer towards war? | South China Morning Post
7/4/20
China-US Relations: USS Ronald Reagan and Nimitz carriers sent to disputed waters as China tensions rise
The U.S. is sending two aircraft carriers into one of Asia’s hottest
spots to deliver a pointed message to China that it doesn’t appreciate
Beijing’s military ramp-up in the region.
The USS Ronald Reagan and USS Nimitz are set to hold some of the U.S. Navy’s largest exercises in recent years in the South China Sea from Saturday—at the same time that China is holding drills in the area.
Read more at:
USS Ronald Reagan and Nimitz carriers sent to disputed waters as China tensions rise - MarketWatch
The USS Ronald Reagan and USS Nimitz are set to hold some of the U.S. Navy’s largest exercises in recent years in the South China Sea from Saturday—at the same time that China is holding drills in the area.
With tensions rising between the two over
trade, the coronavirus pandemic and China’s crackdown on dissent in
Hong Kong, U.S. officials said they wanted to challenge what they called
Beijing’s unlawful territorial claims.
Read more at:
USS Ronald Reagan and Nimitz carriers sent to disputed waters as China tensions rise - MarketWatch
5/25/20
China-US relations: China asserts ‘strong dissatisfaction’ after U.S. expands tech blacklist for human rights abuses
China on Monday denounced a move by the U.S. Commerce Department to
expand its so-called entity list of Chinese companies, which are
restricted from doing business with U.S. firms, for alleged human rights
abuses in the Xinjian Uighur Autonomous region.
China’s foreign ministry professed “strong dissatisfaction” with the decision in a briefing with reporters, according to Bloomberg News.
Read more at: China asserts ‘strong dissatisfaction’ after U.S. expands tech blacklist for human rights abuses - MarketWatch
China’s foreign ministry professed “strong dissatisfaction” with the decision in a briefing with reporters, according to Bloomberg News.
Read more at: China asserts ‘strong dissatisfaction’ after U.S. expands tech blacklist for human rights abuses - MarketWatch
5/14/20
China-US ties on the brink of a complete breakdown: by Stephen S Roach
In his article "The end of the US-China relationship," Stephen S. Roach,
a faculty member at Yale University and former chairman of Morgan
Stanley Asia, describes new shifts in the China-US relationship amid the
COVID-19 pandemic. He wrote, "After 48 years of painstaking progress, a
major rupture of the US-China relationship is at hand. This is a tragic
outcome for both sides - and for the world." How should both countries
manage the economic and geopolitical risks of a full rupture? Is it
still possible for the two great powers to regain the trust and
cooperate in the fight against the novel coronavirus pandemic? Roach
shared his views with Global Times (GT) reporters Hu Yuwei and Zhao Juecheng.
GT：How will the current pandemic reshape China-US relations? Will it drag the two countries into a new cold war?
Roach: My basic conclusion is that the relationship between the US and China right now is the worst that I have seen in my career, and I've been following this relationship for 25 years closely. I think it started with the trade war in 2018. It's now moved into disputes over the novel coronavirus. And public opinion in the US, as measured by a Pew Research survey conducted very recently, shows bipartisan sentiment against China is as bad as it has ever been since the survey was conducted.
Also, there has been a leak of the Republican Party's political strategy that was written up by some consultants for the presidential campaign. I've read this 57-page strategy document very carefully. Its basic premise on the politics of the novel coronavirus - Do not defend Trump, but attack China. Republican strategy in the upcoming presidential election campaign is very much focused on attacking China.
Many new policies are being floated consistent with this approach: Bringing back supply chains from China, renewed or increased tariffs, or the most ridiculous of all, a threat of withholding debt payments on Chinese holdings of US treasury securities.
This strategy - after a trade war and after blaming China for the coronavirus itself - leads me to believe that the relationship is on the brink of what I would call a rupture, a complete breakdown. And I don't expect things to improve between now and the election. This is a tragedy. It did not have to happen this way. In US politics, sometimes things go in unfortunate directions. This is one of those times.
Read more at: China-US ties on the brink of a complete breakdown: Roach - Global Times
GT：How will the current pandemic reshape China-US relations? Will it drag the two countries into a new cold war?
Roach: My basic conclusion is that the relationship between the US and China right now is the worst that I have seen in my career, and I've been following this relationship for 25 years closely. I think it started with the trade war in 2018. It's now moved into disputes over the novel coronavirus. And public opinion in the US, as measured by a Pew Research survey conducted very recently, shows bipartisan sentiment against China is as bad as it has ever been since the survey was conducted.
Also, there has been a leak of the Republican Party's political strategy that was written up by some consultants for the presidential campaign. I've read this 57-page strategy document very carefully. Its basic premise on the politics of the novel coronavirus - Do not defend Trump, but attack China. Republican strategy in the upcoming presidential election campaign is very much focused on attacking China.
Many new policies are being floated consistent with this approach: Bringing back supply chains from China, renewed or increased tariffs, or the most ridiculous of all, a threat of withholding debt payments on Chinese holdings of US treasury securities.
This strategy - after a trade war and after blaming China for the coronavirus itself - leads me to believe that the relationship is on the brink of what I would call a rupture, a complete breakdown. And I don't expect things to improve between now and the election. This is a tragedy. It did not have to happen this way. In US politics, sometimes things go in unfortunate directions. This is one of those times.
Read more at: China-US ties on the brink of a complete breakdown: Roach - Global Times
4/22/20
Blaming China Helps Nobody Right Now
In 1992, Bill Clinton ran for U.S. president in part against “tyrants,
from Baghdad to Beijing.” In 2000, then-presidential candidate George
W. Bush made a point in declaring that China was a strategic competitor.
And in 2016, before he became president, Donald Trump accused China of
“raping” America.
But if the last two weeks are any guide, the politics around China in the 2020 election cycle will make previous electoral contests seem like the seasonal flu compared with, say, a global pandemic.
Even before the outbreak of the coronavirus, U.S.-China relations were under serious strain. The fraying of trust on trade, technology, and military deployments has played out as Beijing has expanded its global footprint, raising questions about its ambitions to alter the U.S.-centered international order.
Then came the coronavirus outbreak, originating in the Chinese city of Wuhan, which has sickened more than 2.5 million people and killed over 180,000. Let’s be clear: The Chinese government mishandled the outbreak, delaying its initial response for weeks and withholding information for six inexcusable days.
Read more: Blaming China Helps Nobody Right Now
But if the last two weeks are any guide, the politics around China in the 2020 election cycle will make previous electoral contests seem like the seasonal flu compared with, say, a global pandemic.
Even before the outbreak of the coronavirus, U.S.-China relations were under serious strain. The fraying of trust on trade, technology, and military deployments has played out as Beijing has expanded its global footprint, raising questions about its ambitions to alter the U.S.-centered international order.
Then came the coronavirus outbreak, originating in the Chinese city of Wuhan, which has sickened more than 2.5 million people and killed over 180,000. Let’s be clear: The Chinese government mishandled the outbreak, delaying its initial response for weeks and withholding information for six inexcusable days.
Read more: Blaming China Helps Nobody Right Now
3/18/20
China - US Relations: US-China trade truce at risk as virus hits global economy
A hard-won trade war truce between the US and China is at risk as the
coronavirus pandemic rocks the global economy, making it tough for
Beijing to fulfil its commitments.
The United States also faces huge disruptions from the deadly virus while a diplomatic spat between Beijing and Washington threatens to derail the phase-one deal that came after more than a year of escalating tensions between the world's two biggest economies.
Concerns are mounting that the conditions of t deal cannot be met as the world economy is threatened by governments taking drastic measures to contain the outbreak, including quarantines, travel bans and closures of public spaces.
"It also is not helping that President Trump recently has been calling the coronavirus the China Virus at his press meetings"
Read more at: US-China trade truce at risk as virus hits global economy - CNA
The United States also faces huge disruptions from the deadly virus while a diplomatic spat between Beijing and Washington threatens to derail the phase-one deal that came after more than a year of escalating tensions between the world's two biggest economies.
Concerns are mounting that the conditions of t deal cannot be met as the world economy is threatened by governments taking drastic measures to contain the outbreak, including quarantines, travel bans and closures of public spaces.
"It also is not helping that President Trump recently has been calling the coronavirus the China Virus at his press meetings"
Read more at: US-China trade truce at risk as virus hits global economy - CNA
12/8/19
China-US relations: U.S. bill on China's Xinjiang violates international law, regional official says
Recent U.S. legislation on Xinjiang is a severe violation of international law and gross interference in China's internal affairs, the governor of the far western region said on Monday, accusing the United States of launching a smear campaign.
Read more at:
https://uk.reuters.com/article/uk-china-xinjiang/u-s-bill-on-chinas-xinjiang-violates-international-law-regional-official-says-idUKKBN1YD05C
Read more at:
https://uk.reuters.com/article/uk-china-xinjiang/u-s-bill-on-chinas-xinjiang-violates-international-law-regional-official-says-idUKKBN1YD05C
11/22/19
China-US Relations: China Will Make the Rules if America Doesn't - by Abraham Newman, Daniel Nexon
On Oct. 4, Houston Rockets general manager Daryl Morey tweeted his support for pro-democracy protesters in Hong Kong. In that moment, Morey placed in jeopardy the NBA’s success in cultivating an estimated 500 million Chinese basketball fans and may have derailed
efforts by Tencent, its Chinese partner, to regain its luster. Tencent
paid $1.5 billion for the rights to carry NBA games—games that it may no
longer be able to broadcast.
Welcome to the world of Chinese market power. Beijing’s response to the NBA may appear particularly crude, but it fits a broader pattern. China routinely conditions market access, most notably by requiring foreign firms to partner in joint ventures with Chinese businesses. U.S. firms complain about how this requirement facilitates the theft of their intellectual property, but many simply cannot resist the allure of China’s large and growing domestic market.
Even with slowing growth, China’s market will remain a powerful force in international affairs. The Chinese internal retail market has already overtaken, or will soon overtake, that of the United States. But even the fact of such comparisons underscores the degree to which the U.S. market—clocking in at roughly $5.5 trillion this year—remains large and lucrative. The United States, however, is becoming less effective at using its market power to pursue crucial policy goals. Washington has, particularly under Republican leadership, degraded the regulatory infrastructure necessary to make the most of that market power. The result is that, in too many areas, Washington is starting to punch below its weight.
Read more : China Will Make the Rules if America Doesn't
Welcome to the world of Chinese market power. Beijing’s response to the NBA may appear particularly crude, but it fits a broader pattern. China routinely conditions market access, most notably by requiring foreign firms to partner in joint ventures with Chinese businesses. U.S. firms complain about how this requirement facilitates the theft of their intellectual property, but many simply cannot resist the allure of China’s large and growing domestic market.
Even with slowing growth, China’s market will remain a powerful force in international affairs. The Chinese internal retail market has already overtaken, or will soon overtake, that of the United States. But even the fact of such comparisons underscores the degree to which the U.S. market—clocking in at roughly $5.5 trillion this year—remains large and lucrative. The United States, however, is becoming less effective at using its market power to pursue crucial policy goals. Washington has, particularly under Republican leadership, degraded the regulatory infrastructure necessary to make the most of that market power. The result is that, in too many areas, Washington is starting to punch below its weight.
Read more : China Will Make the Rules if America Doesn't
8/8/18
China-US Relations: China slaps 25% tariffs on $16 billion worth of US goods - by Fred Imbert
China said Wednesday it will retaliate against the latest round of U.S. tariffs on Chinese imports.
The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables.
China is also going after coal, grease, Vaseline, asphalt and plastic products, and recyclables.
China's announcement comes after the U.S. Trade Representative's office released a finalized list of $16 billion worth in Chinese goods that will be hit with tariffs. The U.S. charges will take effect on Aug. 23.
The latest U.S. list brings the total worth of Chinese goods facing a 25 percent tariff to $50 billion.
For the complete NBC report click here
The Chinese Ministry of Commerce announced a 25 percent charge on $16 billion worth of U.S. goods. The 333 goods being targeted by China include vehicles such as large passenger cars and motorcycles. Various fuels are on the list, as well as fiber optical cables.
China is also going after coal, grease, Vaseline, asphalt and plastic products, and recyclables.
China's announcement comes after the U.S. Trade Representative's office released a finalized list of $16 billion worth in Chinese goods that will be hit with tariffs. The U.S. charges will take effect on Aug. 23.
The latest U.S. list brings the total worth of Chinese goods facing a 25 percent tariff to $50 billion.
For the complete NBC report click here
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