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.

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.

The Underlying Motivations and Long-Term Trends of the US Decoupling of China-US Science and Technology Relations

Since 2018,the US government has adopted a range of restrictive measures on China-US science and technology exchange,as it strives for a decoupling strategy against China.This strategy has brought about historic change in China-US science and technology relations.The US government has set out to obstruct the free flow of technology,data,capital,markets,and talents between China and the United States,thereby changing the basic rationale of China-US science and technology cooperation.The US has multiple underlying motivations for implementing this strategy including recognizing the security threats posed by China’s cutting-edge technology development,treating China as a competitor in global science and technology diplomacy,prompting the backflow of the technological industrial chain,and the strengthened industrial competition between the two countries.Decoupling is one of the competition strategies of the United States.It is aimed at ensuring a favorable position for their national innovation systems,particularly in China-US competition.However,the limitations of the decoupling strategy may not allow the US to achieve what it desires.These limitations also provide space for the two countries to ease their competitive relationship.

Empirical Analysis on the Relations between Rural Residents' Consumption and Economic Growth——A Case of Liaoning Province

Liaoning is a granary province with a large agricultural population and great market potential. Expanding rural residents' consumption becomes a necessity for enlarging domestic demand, solving three agriculture problems and promoting sustainable and rapid economic development. The research shows that since invigorating old industrial base in Liaoning, the contribution rate of rural residents' consumption to economic motivation is low and unstable, which has become one of the choke points for the development of economy. By using the grey correlation method, the influences of rural residents' consumption in different periods to GDP per capita are analyzed, the results show that the consumption level of rural residents were increasing, but their contribution rate on economic growth showed the descending tend. The residential expenses stay in the major position of consumption expenses; the education and entertainment products and service consumption play an important role; the growth of transportation and telecommunication is slow; the expenses on medical care are low and its contribution rate on economic growth is relatively weak. The countermeasures on developing rural economy, increasing rural residents' income, improving rural consumption environment, accelerating rural infrastructure construction, constructing and perfecting rural social security system and expanding rural consumption credit market are put forward to expand rural residents' consumption demand and realize the sustainable development of economy.

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.

Malaysia＇s Contemporary Political and Economic Relations with Iran

Traditionally, Malaysia＇s relations with the Middle Eastern World boil down to narrow-limited interaction with only a handful of countries, mainly Egypt, Saudi Arabia （before known as Hejaz）, and Turkey. The underlying reasons behind are largely owing to the established ancient relations and religious fulfillments like performing pilgrimage as well as pursuing religious studies in highly respected institutions. Malaysia＇s relation with the Islamic Republic of Iran, however, has shown steady progress of development since the end of 1960s and onwards. Although Iran has become an Islamic Republic after the eruption of the Revolution in 1979, the relations remain intact in spite of the potential expansion of Iran＇s religious ideology, Shi＇ah, among Malaysian Muslim communities. On top of that, with Iran now facing economic sanctions due to its nuclear programs, both countries continue to bolster their relations, especially in political and economic interactions. Contemporarily, both Malaysia and Iran are closely working together to further enhance the level of their relations. The leaders of both countries have quiet regularly exchanged visits and have also actively ventured into promising business opportunities. Iran ranked as the Malaysia＇s third West Asian trading partners along with the United Arab Emirates （UAE） and Saudi Arabia, provides a lot of opportunities for Malaysia to seize onto. In other words, Malaysia＇s contemporary relations with Iran will evolve beyond the dogma of the Iranian Revolution in 1979.

US Competitive Policy toward China and Transformation of China-US Relations

The door to strategic competition between China and the US has opened under the Trump administration, whose strategy, policy and tactics toward China create a grim picture for bilateral relations in the short run. However, the relations in the long term depend both on the state of interplay between various parties in the US, and more importantly on China’s influence and response.

China-Singapore Intergovernmental Cooperation and Economic and Trade Relations

Since the establishment of diplomatic relations between China and Singapore in 1990, both the economic and political ties between the two countries have experienced a substantial growth. China-Singapore Suzhou Industrial Park, China-Singapore （Chongqing） Demonstrative Initiative on Strategic Connectivity, and the compatibility between Singapore ~ development strategy and China＇ s Belt and Road initiative are testimony to the ever-growing bilateral economic and trade links. The deepening and expanding economic and trade relations between China and Singapore enhance political mutual trust, propelling China＇s economic and industrial upgrading. At the same time, they exert a positive influence on the development of China-ASEAN relations and an effective implementation of the Belt and Road initiative in Southeast Asia.

A CHINESE ECONOMIC CIRCLE IN REALITY——On Five Basic Features of the Economic Relations Between the China's Mainland and Hongkong/Macao

Generally speaking, "an economic circle" refers to a group of countriesand regions whose economic relations override the universally accepted in-ternational practice or norms and they have formulated new economic ruleswhich are applicable only to countries and regions inside the circle.

Sino-ASEAN Economic and Trade Relations

China and the ASEAN (including Thailand, the Philippine, Malaysia, Singapore, Indonesia and Brunei) are all situated in the Asia Pacific region and are friendly neighbours. China’s economic and trade relationship with these countries has taken on a brand new aspect. In the last few years, frequent exchange at high levels between China and eastern countries has strengthened mutual understanding and economic

A New Model of China-US Big Power Relations： A Symbolic Sign in Foreign Affairs

To cope with the current crisis and tensions full-filled China-US relationship, Chinese President Xi Jinping put forward the concept of building a new model of China-US big power relations, which the US agrees. Yet the new model won a heated discussion. In China this new model was evaluated positively and optimistically, while in the US it was perceived as a strategic challenge or even a threat. In the present article, the author proposes that this new model of China-US big power relations is more like a symbolic sign in foreign affairs rather than a strategic challenge or a threat or an effective and workable mechanism at this moment, and meanwhile analyses this view from diachronic and semiotic perspectives. The analyses reveal that the new model functions as a symbolic sign, signifying to the world that conceptually the two big powers have a good and harmonious relationship.

A Strategic Vision Urged for Sino-US Economic Relations

As an important ingredient in bilateral ties, China-US economic and trade rela-tions have now evolved into a bond of strategic interests that glue the world’stwo great powers. Since a trans-Pacific strategic partnership is taking shape in the political arena,the author believes that, the call of the hour is to go a step further and put

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

China-US Relations in the Trump Era

To the astonishment of the whole world,against the protest of the American elites,Donald Trump won the presidential election of 2016.Whether you like him or not,President Trump will usher in a new era.Will he fulfill all the promises of the campaign?Will he'make America great again'?Will

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

At the Juncture of China's Entry to WTO, An Overall Development of Foreign Economic Relations andTrade Will Be Carried out in XPCC

The Xinjiang Production andConstruction Corps (XPCC) was foundedin October 1954. Since 1990, its plan hasbeen listed directly under the state councilof PRC.After 50 years of arduouspioneering and development, the XPCChas now developed to be a specialorganization with a solid economicstrength and enterprise group superiority,which is based on the large-scale andmodernized agriculture, and guided