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Media Report
February 08 , 2017
  • The Financial Times：Task force backs Trump's tough line on China trade
    The Financial Times reports: "Leading US China experts have endorsed Donald Trump's tough approach to trade with Beijing, contending that an increasingly unbalanced economic relationship requires a change in Washington's policy. The call by a task force of academics and former US officials comes amid fears that the new president could set off a destructive trade war between the world's two largest economies. But in a report the experts argue that an increasingly protectionist and mercantilist China has left the US no other option but to get tough after the failure of diplomacy and more moderate trade actions. 'The relationship in many realms is grievously out of balance and nowhere is this more evident than in trade and investment,' said Orville Schell, a China expert at the Asia Society and one of the report's authors. 'We have to arch our backs and say: 'This has to be mutually advantageous and equitable or there are going to be consequences'.'...The report stops short of endorsing Mr Trump's campaign threats to impose sweeping tariffs on Chinese imports. Mr Schell also played down the president's concerns about Chinese currency manipulation, arguing that was now a 'moot issue compared to other issues that he should be jousting with'" 
  • Reuters：High tariffs imposed by the U.S. "smear" China's name: China commerce ministry
    Reuters reports: "High tariff rates imposed by the United States against Chinese products merely blacken China's name without achieving anything else, an official from the Ministry of Commerce said on Wednesday, according to state media. 'Aside from smearing China's name, the tariffs are meaningless,' said Wang Hejun, head of the trade remedy and investigation bureau at China's Ministry of Commerce, according to China News Service. Targeted products include steel, chemicals and solar panels but Wang said that many of the tariffs imposed do not conform with World Trade Organisation (WTO) rules. China is expecting even tougher tariffs and more trade disputes in 2017, Wang said, according to Chinese state radio, adding that China is 'mentally prepared for it'. U.S. anti-dumping investigations have flouted WTO rules by ignoring evidence offered by Chinese companies and have treated them unfairly because of their state-owned enterprise status, Wang said on Saturday."
  • The Diplomat：US Sanctions on Iran: Good or Bad News for China?
    The Diplomat comments: "On February 3, the administration of U.S. President Donald Trump enacted new sanctions on Iran. The measures are partly in reaction to Iran's January 29 test of a medium-range missile. Based on Trump's decision, the U.S. Treasury Department will apply sanctions on 25 individuals and companies connected to Iran's ballistic missile program and those providing support to Iran's Islamic Revolutionary Guard Corps Force...Sanctions on Iran actually challenge and may harm China's interests in not only Iran, but also in terms of China's 'One Belt One Road' initiative (OBOR). The most direct challenge is economic. China's economic relations with Iran were largely untouched by the series of U.S. sanctions adopted by Trump's predecessors over the past decade...Besides the economic challenge for China, the more serious and long-term challenge is political. Given the geopolitical rift and competition between the 'Shia camp' led by Iran and the 'Sunni camp' led by Saudi Arabia, the new sanctions amplify the political contest in the Middle East, rather than alleviate it. For the sake of China's OBOR initiative, it is important for Beijing to stay neutral...For China, the U.S. sanction may become big challenges, not only to China-U.S. relation, but also to China's relations with Iran and to the OBOR initiative in the Middle East."
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