April 1, 2017

"Sino-US trade based  on complementarity

The US Trade Representative's office released its annual trade barriers report on Friday, listing trade irritants in 63 countries and regions. In the China section, it accused China of pursuing a wide range of industrial policies and providing financial support to industries such as steel and aluminum, which have led to excess capacity in China and large volume of exports that have distorted global markets. The report also criticized China for imposing cybersecurity restrictions with a long-term goal of replacing foreign information and communications technology products and services with locally produced ones.  

The US runs bigger trade deficit with China than with other countries, a situation which is not caused by China's trade policies. The huge trade volume between China and the US reflects their mutual need and the complementarity. The huge flow of trade is mostly generated through voluntary market activities rather than by the efforts of the two governments. China has never set trade barriers to US products in violation of the WTO rules nor has it deliberately guided trade surplus with the US. China's Internet management involves some necessary political principles, but these principles treat Chinese and foreign Internet companies equally. As long as US Internet companies observe Chinese laws, they could do business and develop in China."

Read more:

http://www.globaltimes.cn/content/1040609.shtml 

NISCSS does not necessarily share in or endorse the opinions of off-site commentators.