China-US Trade Relations:Win-Win Picture Distorted

At present China-U.S.trade relations are in a state of confusion.Although both countries have gained tremendous benefits from the bilateral trade relationship,some Americans have intentionally distorted some basic facts regarding China-U.S.trade relations. Based on an analysis of some official and nonofficial research reports published in the United States,this article holds that the China-U.S.trade imbalance is the symptom of a bigger issue stemming from the contradiction between the United States as the world's sole superpower and China as an emerging power.Economic globalisation came about due to the needs of western developed countries represented by the United States to boost economic development.Only by seizing the opportunities of economic globalisation, has China gained strong economic growth. Such a development is changing the world political,economic,military and cultural landscape that have been shaped since the post-cold-war era,and has to some extent raised doubt or suspicion on the part of the United States and its western allies.This is a manifestation of how unprepared some people in the United States and other western countries are in the face of China's rapid development and rising status.So,their immediate reaction has been to seek protection for themselves,and try their utmost to prevent China's rapid growth from impacting on the international framework and their vested interests.

Trumponomics and China-US Economic and Trade Relations

Since he took office, the new US president, Donald Trump, has unveiled his broad economic policy--now called Trumponomics. It emphasizes neoliberalism at home, less government regulations, more growth and weakening the welfare state. Intemationally, Trumponomics embraces protectionism and nativism with a focus on US economic interests. Trumponomics caters to the lower-middle classes, a reflection of the country＇s current economic and diplomatic challenges. Trumponomics will bring uncertainty to China-US economic and trade relations. China should carefully study the policies of the Trump administration and prepare contingency plans.

Truths About the China-U.S. Trade Relationship

The U.S. Government has unilaterally provoked and escalated trade friction with China since last year, casting a shadow on the China-U.S. trade relationship and the development of the world economy. Qiushi Journal,affi liated with the Communist Party of China Central Committee, published an article in its 12th issue of 2019, clarifying questions regarding China-U.S.trade friction. An excerpt of the article follows:

A Review of China-US Economic and Trade Relations (2007-2015)

In order to find indications for future bilateral relations, it is worth reviewing the development of China-US economic and trade relations in recent history. Generally speaking, the nine years between 2007 and 2015 saw non-stop progress in China and US trade and economic ties. The China-US interdependent and complementary economic and trade connections ensure that bilateral relations are constantly developing and merging following their interdependent paths;the global challenges, such as the financial crisis and recent extreme weather events, have allowed China and the US to be in the same boat,weathering these different forms of turbulence. Decisions on important domestic policies and disputes can now be discussed earlier and effectively following on from the construction of multi-dimensional crisis management mechanisms. But undeniably there are unsettled and conflicting points in their relations, such as the fact that the US strategically excludes China from its free trade agenda, not willing to accept many everyday items manufactured by China. This is a major obstacle preventing their relationships deepening. History tells us, in future, if both sides could have a bigger vision, relations would better develop, for the new type of major power relations and the subsequent road would be less rocky and bring more benefits for the peoples of both countries.

Progress Made on China-U.S.Trade Relationship at the 22nd JCCT Session

China and the United States concluded the 22nd session of the U.S.-China Joint Commission on Commerce and Trade (JCCT) on November 21 in Chengdu, China. Chinese Vice Premier Wang Qishan cochaired the two-day meeting with U.S. Secretary of Commerce John Bryson and U.

China-U.S. Relations and International Trade

Dr.Elliot Feldman on April 15,2010 presented the following speech at AmCham-China's Conference of the Asia-Pacific Council of American Chambers of Commerce(APCAC).With his kind approval,China Textile publishes his study and views focused on the title as captioned above.The article expresses the author's own stance.

Promoting China-U.S.Arctic education cooperation:challenges,opportunities and recommendations

Arctic education refers not only to the teaching,but also to research,communication,dissemination as well as popularization of knowledge related to the Arctic.This article reviews joint efforts between Chinese and American educators and researchers to promote cooperation and understanding in Arctic education and research,and examines the facing challenges of China-U.S.Arctic education cooperation which include current political or economic tensions between the two countries,the differing perspectives and priorities on Arctic policy,the disproportion in Arctic scientific research,different research methodologies and discourse system in social science.This article also argues that there are opportunities for the two countries to cooperate in Arctic education.Common goals and interests in the Arctic,Arctic-dedicated institutions with significant Arctic research capabilities and partnerships around the world provide foundations for Arctic education cooperation.The implementation of a new science-based Arctic treaty of the Arctic Council is an opportunity for China-U.S.Arctic education cooperation.As for future cooperation,it suggests that in addition to promoting the direct bilateral cooperation,cooperation within international cooperation platforms and mechanisms,especially within the Arctic Council also needs to be further promoted.

Expectations for Future China-U.S. Relations

The heads of state of China and the U.S. reached a consensus in Osaka at the end of June, agreeing to restart trade negotiations on the basis of equality and mutual respect. The U.S. side stated that it would no longer impose new tariffs on Chinese imports, sending a positive sign of the U.S.-China relationship to the international community. On July 3, the Washington Post published an open letter signed by 100 people from the academic, diplomatic, military, and business circles of the U.S. to President Trump and the U.S. Congress, affirming that the consensus is the intention of the two peoples and is in line with the expectations of the international community. The decline in U.S.- China relations is not in line with U.S. and global interests, and China is not an enemy of the U.S., nor does China pose a threat to U.S. national security.

Beijing's Foreign Economic Relations and Trade

Beijing’s foreign economic relations and trade in 1993 surpassed that of 1992, and remarkable breakthroughs were made during the last year in the utilization of foreign capital, export volume and foreign exchange earnings, and the construction of development zones, according to Mr Zhang Xuequn, the Deputy Director of Foreign Economic Relations and Trade Commission of the Beijing Municipal Government. The robust development

Beijing's Steady Growth in Foreign Economic Relations and Trade

In 1995,Beijing’s foreign economic andtrade sector continued to deepen itsrestructuring,give play to its advantagesand overcome its difficulties,and maintainedsustained development in foreign trade,theutilization of foreign investment and foreigncooperation. The year 1995 saw an import andexport volume of US＄4.23 billion,5.4 percentup from the previous year,including animport volume of US＄1.74 billion,down 8percent,exports of US＄2.49 billion,17.3percent up from the previous year,whichsurpasses the required US＄2.3 billion ofexports by the municipal government.Specialforeign trade companies and industrial andtrade companies had exports of US＄1.441billion,4.8 percent up from the previousyear,accounting for 57.9 percent of the

CO_2 Emissions Embodied in China-U.S.Trade

After the Kyoto Protocol was implemented,carbon leakage exerts great influences on international trade and economy.Trade creates a mechanism for consumers to shift environmental pollution associated with their consumption to other countries.China has overtaken the U.S.as the world's biggest CO2 emitter since 2006.As China's second largest trade partner,the U.S.has the biggest trade deficit with China which has aroused a lot of disputes between the two parties.But so far the assessments of the trade imbalance of China-U.S.have paid little attention to environmental impacts associated with the trade imbalance.Applied an input-output approach,the article estimates the amount of CO2 embodied in China-U.S.trade during 1997-2007.It was found that through trade with China,the U.S.reduced its CO2 emissions compared with a non-trade scenario.Due to the greater carbon-intensity and relatively less efficient production processes of Chinese industry,China-U.S.trade resulted in more CO2 emissions in China and the world.In the end,the article gives some suggestions:it is equal and sustainable that the international accounting methodologies should be improved,for CO2 emissions responsibility must be designed to account for the dynamic nature of international trade.

China-U.S. Trade Balance from the National Income Perspective

This paper calculates the China-U.S. trade balance from the national income perspective based on an input-output model that differentiates domestic and foreign-invested companies. The result shows that due to different degrees of dependence of both countries on foreign production factors such as foreign capital for the manufacturing of export goods,only 87.7% of the domestic value-added created by China's exports to the U.S. in 2012 was China's national income, whereas 96.2% of value-added in U.S. exports to China was U.S.national income. In the comparison of total export volume and export value-added, the home country's national income created by exports can more realistically reflect a country's gains from trade. In 2012, China's trade surplus with the U.S. stood at 102.8 billion US dollars in national income terms, which is 61% and 22% smaller than the results in gross and value-added terms, respectively. The implication is that the traditional trade balance accounting method seriously exaggerates the China-U.S. trade imbalance.

PROSPECTS OF CHINA-U.S. AGRICULTURAL TRADE

The China—U.S.Agricultural CooperationAgreement is a prelude to China’s accessionto the World Trade Organization(WTO).The basic framework is built,though someDarts are still to be discussed.From a macro prospective,the exportVolume of U.S.agricultural products to Chinawill increase,and vise versa.But the sharein the total trade Volume is dropping.Firstly,no matter how flexible

Marketization the Key to Solving China-U.S. Trade Imbalance

China-U.S.trade has expanded rapidly over the past three decades,during which China’s trade deficit has turned into atrade surplus.China’s exports to the United States account for 20 percent of China’s total export trade,but the United States’exports to China make up less than 10 percent of its export trade.The trade dependence ratio of the two countries has adifference of up to 27 percentage points.While China’s economy and foreign trade become increasingly market-oriented,the U.S.implements long-term export restriction policies against it.Raising the degree of marketization of trade betweenChina and the U.S.is the key to redressing the China-U.S.trade imbalance.

U.S.’ Recognition, Evaluation of China-U.S. Educational Cooperation and Its Enlightenment to China--Analysis Based on the Survey Reports by U.S.’Policy Elites

Educational cooperation is one of the key factors to embody humanistic exchanges and promote the development of international relations.Through the analysis of four survey reports on China-U.S.educational cooperation,it is found that American policy elites generally attach importance to the distribution of power,the application of law,mutual benefit between the two countries in educational cooperation,and pay attention to the potential motivation and influence of China.China should rationally refer to the views and suggestions,strengthen the effectiveness of dialogue mechanism,enhance the credibility of international discourse,and at the same time encourage the negotiation and governance among cooperative universities,so as to promote the stable and sustainable development of education cooperation.

The Liberal Hawks and the China Strategy of the Biden Administration

Since the Biden administration came to power, the liberal hawks who uphold the liberal internationalist strategy have regained a significant influence on foreign affairs and national security, prioritized the repair of U.S. hegemony, and maintained strategic competition with China initiated by the Trump administration. When compared with the paradigm of competition of the Trump administration, the liberal hawks of the Biden administration have improved the strategic logic of competition with China and refined the relevant policy layout to render it compatible with the overall agenda of the Democratic Party. Enhancing strategic competition with China under the leadership of the liberal hawks has not been in the interests of China, the United States(U.S.), or the entire world. The healthy and stable development of China–U.S. relations requires additional rational and pragmatic policies from the side of the U.S.

The Biden Administration’s Scientific and Technological Competition Strategy toward China

Scientific and technological(S&T) competition has become a core and frontier issue in the ongoing China–U.S. strategic competition and the main focus of both countries. Currently, the Biden administration is adopting an S&T competition strategy toward China based on the “small yard, high fence” tactical logic, which involves three pillars: investment to make America strong, alignment to get things under control, and competition to weaken China. In the current context of the China–U.S. competition entering a new normal, five inherent contradictions, namely, the gap between strategic expectations and policy effects, shortfall between action capabilities and policy objectives, push-and-pull between strategic deployment and domestic politics, clash between strategic intentions and the S&T innovation ecosystem, and divergences between American priorities and the interests of American allies, will dictate how this administration will implement its S&T competition strategy toward China.

Deciphering China-U.S. Economic Relations

During the Annual Conference 2007 of the Boao Forum for Asia held on April 21-22, Beijing Review reporter Liu Yunyun had a chance to sit down with Dr. John Rutledge, former financial advisor to U.S. presidents onald Reagan and George H.W. Bush, to discuss his views on China-U.S. economic and trade relations.