日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Unilateral action could spur trade war, experts say

By Zhong Nan and Jing Shuiyu in Beijing and Chen Weihua in Washington | China Daily | Updated: 2017-08-21 06:53

Unilateral action could spur trade war, experts say

A container ship docks at the Port of Ningbo, East China's Zhejiang province. [Photo/Xinhua]

A US rule being used to look into Beijing's trade practices is too out of date to provide effective measures to relieve its trade deficit with China, and international trade friction can never be solved through unilateral acts, senior experts from both countries said.

The US trade representative initiated the investigation on Friday under Section 301 of Trade Act of 1974, examining China's intellectual property policies and practices. That came just four days after President Donald Trump signed a memorandum authorizing the trade representative to determine if an investigation was necessary.

The move by the United States signals that the current bilateral economic and trade relations are "at a crossroads", said Wei Jianguo, vice-president of Beijing-based China Center for International Economic Exchanges.

"China needs to prevent the Trump administration from replacing the bilateral, multilateral and global trade rules with unilateralism on trade," the former vice-minister of commerce told China Daily on Sunday.

Wei said the "Cold War mentality" of the US is dangerous. "It will result in global trade recession and chaos," he said.

"The trade imbalance is caused by the distribution of the global value chain and the differentiated industrial structure," said Bai Ming, a researcher with the Chinese Academy of International Trade and Economic Cooperation in Beijing.

Bai said the labor in the US costs more than in China, therefore it does not have an advantage in manufacturing to compete with China, but it has a notable edge in high-tech products and services trade with China.

"Such unilateral trade sanctions on China will not stop the progress of globalization and such action will only weaken the ability of companies to earn in both countries," said Bai. "No one can force China to obey other countries in conducting trade activities."

China has warned the US of its actions after Trump signed the memo last week. The Ministry of Commerce responded on Tuesday by saying China will take all necessary and appropriate measures to protect its commercial and trade interests if the US wrongly accuses China of theft of US technology and intellectual property.

Foreign Ministry spokeswoman Hua Chunying said last week that "any member of the World Trade Organization should observe its rules in taking trade measures".

"Given the increasingly converging China-US interests and the close-knit pattern of the two countries being mutually dependent, there will be no future or winner but only losers in a trade war," she warned.

Chad Bown, a senior fellow at the Peterson Institute for International Economics, described the use of Section 301 as dusting off an outdated US trade law that allows the US president to unilaterally impose tariffs on another country.

Section 301 was used most by the Reagan administration, when current US Trade Representative Robert Lighthizer served as deputy trade representative.

Bown said such a solution may only make matters worse. He said the use of an ill advised and obsolete US trade law is likely to shift attention away from China's actions toward Trump's own policies.

The US government has conducted 122 such Section 301 investigations since 1974.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 日韩欧美激情在线 | 国产精品中文 | 毛片av免费看 | 国产一区观看 | www.欧美色| 美女色视频 | 偷拍视频一区 | 污视频在线观看网站 | 91麻豆精品一二三区在线 | 国产a久久| www黄色在线观看 | 91精品网 | 欧美久久久精品 | 欧美亚洲一级 | 日本在线观看中文字幕 | 日出水了好爽 | 成人视屏在线 | 久草日韩 | 亚洲精品福利视频 | 白天操晚上操天天操 | 亚洲国产精品久久久久 | 亚洲精品一区二区三区蜜桃久 | 黄色裸体视频 | 日韩在线一区二区三区 | 国产精品成人免费视频 | 欧美18免费视频 | 久久人人视频 | 国产精品毛片久久 | 男人天堂亚洲天堂 | 免费成人毛片 | 在线播放日韩 | 91视频在线观看免费 | 国产麻豆传媒 | 国产区精品 | 黄色片在线观看视频 | 亚洲精品婷婷 | 国产精品久久久久一区二区三区 | 成年人视频软件 | 亚洲最新 | 日韩欧美中文字幕在线视频 | 在线日韩中文字幕 |