Wednesday, March 9, 2011

Sino-US trade is expected to enter into a "hot issue"

Sino-US strategic and economic dialogue 25, concluded that the two countries pledged to continue deepening economic cooperation, and promote a strong, balanced and sustainable global growth, both in financial and monetary and structural reform, trade and investment, as well as financial market stability and reform in a number of consensus reached. Most concern is that "the US will trade remedy investigations, seriously consider giving up with ' market-oriented industry ' for Chinese enterprises to justice, fair treatment, and the adoption of the Joint Commission on Commerce and trade in a cooperative manner, the rapid recognition of China's market economy status". Does this mean that the United States will eliminate a series on China import and export restrictions? mean trade contains more chances and opportunities?

US export control policy adjustment no later than the end of the year

25 October, the two-day strategic and economic dialogue to end, in the central business district (CBD) of the United States Chamber of Commerce meeting room in China and the United States Chamber of Commerce Meng kewen told reporters that the dialogue "prelude" squad.

December 13-16 February, Locke's visit to China on the eve of a Sino-American Chamber of Commerce sent by member companies team arrived in Washington, called on the United States Government officials and members of Congress. Mon-Wen told reporters, called "knock trip" of the visit, for the just-concluded Sino-US strategic economic dialogue influence is huge.

"We provide a wide range of Congressional proposals, hope that they will not only focus lock, the Renminbi exchange rate should be based on a broader perspective to look at the Sino-US trade relations. "Meng g. At the same time that he was pleased that, during the two-day dialogue, the Renminbi exchange rate did not like the Parties expected to become the focus of the Exchange.

And Meng kewen "strongly" two important topic — United States open up export control and the Chinese Government procurement policy are high-level Sino repeatedly at the negotiating table. Mon-wen said, according to the delegation of the United States, the United States top export control policies at the latest by the end of this year, need an export license product directory will be "shrunk", at the same time export approval procedures will also be greatly simplified.

Sino-US joint pursuit of economic and trade relations

Sino-US strategic and economic dialogue after both sides have expressed concern.

The parties recognize that open trade and investment environment on two countries, promoting economic growth, job creation and the importance of innovation, both sides are committed to building a more open global trading and investment system, to oppose protectionism on trade and investment. The parties agree that the launch of the trade remedies investigations and enforcement of trade remedies in strict compliance with the WTO rules to prevent its abuse is very important. Allows enterprises agreed between the transfer of technology, production processes and other proprietary information and conditions.

The parties reaffirm the continued to push forward negotiations on bilateral investment agreements. The parties agree that a successful negotiations would be through the promotion and protection of investment, as investors increased transparency and predictability, support for the open global economy. Both sides are committed to improving the transparency of foreign investment regulations.

According to the economic situation, combined with national industrial adjustment and revitalization plan, China will amend the directory for the guidance of foreign investment industries, encouraging foreign investment in high-end manufacturing, hi-tech, modern service industry, new energy, energy saving and environmental protection industry, and expand the industry to foreign investors and open areas. Us welcomes Chinese enterprises, foreign investment. The United States confirmed that the US foreign investment Review Board procedures ensure that all foreign investment, regardless of its source, to provide a consistent and fair treatment.

Narrow the Sino-US trade deficit into focus

As export barriers of growing concern, and the Renminbi exchange rate controversy gradually retiring to the poll, the largest bilateral trade deficit, as well as how to narrow this gap, will become the focus of attention.

In the Sino-US strategic economic dialogue, the two Governments on how to more permanent basis, balance between the scale of up to $ 400 billion in trade relations, at the same time avoid the Renminbi exchange rate regime in open confrontation.

United States President Barack Obama sought to revitalize the United States economy, the five-year goals for exports doubled, while only exports to China increased substantially, that objective may be achieved.

United States Treasury Department Chinese Affairs Senior Coordinator DavidLoevinger, improve export not only means combating barriers to trade, to "ensure that such countries as China, have very high current account surplus of large economic growth of physical dependence of domestic demand pull."

Although last year, the global economic recession, but the United States on China trade deficit has reached more than all other countries 2270 billion.

Sino-US trade war like the couple fights

Guangzhou daily senior financial press party Liping in analysis of comments on Sino-US strategic and economic dialogue 26 concrete results that the United States trade issues of friction, a bit like the couple fights, on the one hand, who also can not be separated from who, on the one hand, and the inevitable tongue. A recent United States frequently on sanctions, China on the United States itself, may not be beneficial. United States not imported from China, from Bengal, Viet Nam and other local import. And because these places of cheaper labor costs, the impact of the United States production may also be greater.

Another veteran macroeconomic reporter Xu starfish, believes that the United States market second only to the EU, is China's second largest trading partner. Over the past two years, in the face of well-made products "made in China", the United States always have to constantly set point barrier, the United States for 2009 launch of the trade of China relief measures 23, the text value to China in a global survey by trade relief fund size of 65%. In the face of the United States launched a trade war, China's response, overall restraint measures is relatively mild, but justified section. Sino-American trade exchanges this year will likely to enter a new period of development.

The Sino-US strategic dialogue, the United States to release some products China intends to export control, while the Chinese high-tech, new materials technology and demand gap, such as to open up markets, in

Trade between the United States will leap to a new level. According to statistics, China's imports of high-tech product of which 18% from the United States, only 7% of the United States regulatory regimes, seriously behind. Deregulation can further strengthen United States foreign economic and trade cooperation, on its overall economic interests, the interests of the parties to cooperate in order to more fully.

The US view change enabling Chinese companies go global

Sino-US strategic and economic dialogue (S & ED) is the State-owned enterprise of China overseas expansion produces benign effect, because a few after discussion, the United States on State-owned body "State-owned" label colored views seem to be happening.

In the second strategic and economic dialogue description, with the following statement: "the United States recognizes that many Chinese State-owned enterprises (State-funded enterprise) have implemented the joint-stock and the establishment of the corporate governance structure, equities, of which many have become a public company. ”

"I believe that the knowledge is recognized China's market economy status as one of the underlying problem. "SASAC research enterprise reform and Development Minister Wang steel said in an interview.

He said that United States had not admitted that China's market economy status, one of the reasons is that the Chinese economy, Chinese enterprises and representatives of the State-owned enterprises is the will of the enterprise, the potential exists for market manipulation.

Top with "State-owned" hat, Chinese modern corporate governance of State-owned enterprises in overseas it seems always identifiable. Not only that, when the "Central-owned enterprise" hat in "going out" strategy, it is easy to understand China's national conditions of foreign-owned "public" and "China State will" hook.

On a Government background for change is a global enterprise needs to advance. Even the United States this mature economies, there are some similar to the Chinese State-owned enterprises, with a market-oriented approach to bear part of the public duties. For example, in this round of financial crisis played an important role in the United States and US companies Fannie Mae and premises, is the United States Government licensing business, in this S & ED, the US is also committed to continue to push for government-licensed enterprise reform.

"I think that the US is to see the new understanding of the Chinese enterprises are changing facts, which recognized China's market economy status, a very significant progress, and also to the expansion of overseas Chinese enterprises convenience. "Wang steel said.

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