U. S. Treasury Secretary Mu Chin’s trip to China hastily ended, and the content of the talks was limited. The Xinhua News Agency sent only two related news. One of them is about the overall situation of negotiations.
1, some consensus has been reached in some areas
2, there is a big difference in some problems
3, keep close communication and establish the corresponding working mechanism
What are the areas of “some” consensus?
The following second news news seemed to give some answers: “the Ministry of Commerce spokesman said on the 4 day that the Chinese and American economic and trade consultations held from 3 to 4, the Chinese side made a solemn negotiation with the US side on the Sino-US case. The US side expresses its importance to China’s negotiations and will report to the president of the United States the position of China.
Does this mean that the rejection order that will affect global telecom operators and end-users will soon be changed? The reports and analysis of foreign media seem to be more detailed than the Xinhua news agency.
A number of media in the United States follow up on this. The Reuters report specifically talks about China’s request for the us to modify the trade ban facing ZTE. The Reuters learned from the two channels that the Chinese negotiators asked the US side to listen to the appeals application of ZTE in the talks, carefully consider the various efforts made by ZTE in the compliance and finally amend the trade sanctions on ZTE.
Bloomberg issued a long story: “the insignificant tariff problem does not lead to a trade war. The cause of the trade war is only the possibility that the US is going to let Chinese technology companies go bankrupt. Trade disputes between the two countries may be escalated, and the possibility of ZTE’s potential bankruptcy after the announcement of the ban on ZTE’s exports last month may be the last lead to a trade war. China may retaliate strongly against US companies operating in China.
The resulting government actions and reactions may escalate to irreparable damage to the relations between the two countries. China’s economic future is generally considered to be dependent on its technological strength. If the United States attacks China’s leading enterprises, China will not stand idly by. “
Bloomberg also said: “although the punishment is valid, such a refusal order may be too serious. ZTE is one of the largest telecom equipment manufacturers in the world, which will bring serious blow to China’s core industries and may prompt China to retaliate. Then, this will lead to the increasing use of protectionist policies by the two governments for tit for tat, which is bad for everyone. Intel, micron technology and Microsoft Corp are all important suppliers of ZTE. “
“Under the current circumstances, China has unique advantages. China’s political and legal system enables China to respond quickly and effectively to US businesses. According to a survey by the United States in the Chinese business association and Bain& Co, 3/4 of American businesses operating in China have felt that they are no longer as popular as they used to be. And this will worsen because of Sino US trade confrontation.
“However, the refusal order may be challenged and adjusted in court. In addition, tariffs must also be limited to products imported from China. China can start looking for other buyers to counteract all American restrictions. It has been reported that the United States has already begun a similar investigation of HUAWEI. “It may also hand over the hard market share of American companies to other countries,” the other media say.
Finally, Bloomberg commented: “the trade negotiations in Beijing occupy the most important parts, and it is difficult to achieve meaningful results. But the frontline of Sino US trade war lies in China’s science and technology, while ZTE’s fate is the first. “
What are some of the “some” problems with larger differences?
In addition to the above contents, most of the talks can be said to be expensive and expensive. In another report of Bloomberg, the official news bulletins obtained by foreign media were also disclosed, and the appeals made in the middle of the United States made clear the removal of obstacles to Chinese exports, the 25% extra tariffs on Chinese goods, the opening of government procurement projects to China’s technical products and services, and national security. To give the same treatment to Chinese enterprises in the audit; adjust the export restrictions facing ZTE; stop using the alternative country strategy in the anti-dumping and countervailing cases; no longer launch a survey on the super 301 clause for Chinese enterprises; open the electronic payment market to Chinese enterprises; and approve China International Capital C Orp.) access to financial licenses and so on.
In May 4th, the Wall Street journal also announced a framework for the US negotiations, which explicitly mentioned the need to reduce the US trade deficit to China immediately, and to ensure that the Chinese market is open to American exporters and investors on the basis of fair and non discrimination. Request: China is committed to promoting imports with Chinese importers to meet the agreement reached between China and the United States.
“Within 12 months from June 1, 2018, China needs to reduce its trade surplus with the US $100 billion.
Since June 1, 2019, China has continued to reduce the trade surplus of US $second to US $100 billion within 12 months, that is, a total of 200 billion US dollar surpluses by the end of 2020.
Of the new imports of $100 billion in May 31st -2019 in June 1, 2018, at least 75% of the purchase of American goods; China promised second $100 billion since June 1, 2019, at least 50% to buy American goods.
Obviously, Americans do not know much about China now. This is not a dialogue between the world’s first economy and the second economies of the world, more like the requirements that China had received during the period of unequal treaties: cutting ground, reparations and assigning sovereignty.
The difference is so big that it can be seen. Such differences exist not only in specific terms, but also in the deeper understanding of the two sides’ mutual understanding, equal trade and mutual benefit.
What is the establishment of the work mechanism?
While staring at the deep differences between the two sides, we also saw some constructive contents in this negotiation. It’s not a cold day. Neither side can expect a negotiation to solve all the problems. The two sides need more communication and further understanding.
People often say, “nothing is impossible to solve in a hot pot. If there is, it will be two. ” The bigger problem can be solved through communication step by step negotiation under the principle of mutual benefit and not conceit. Under this premise, it is more important to establish a direct communication channel and to bring together a long-term working mechanism, which is more than a temporary agreement on individual tariff terms. The construction of the mechanism will promote follow-up consultations. The consultations will resolve the current differences.
Finally, let’s go back to the point where we have reached a consensus. Foreign media believe that the case of ZTE will be a turning point in the follow-up negotiations between China and the United States. The United States is expected to give a positive solution to this problem.
On the evening of May 4th, after the round of Sino US trade consultations, ZTE also sent an internal letter to all the staff. The letter said, “ , the company will continue to communicate closely with all parties and do our best to solve the problem in a shorter time.”
“The road is long and the end is long. The night is long and there is an end. Let us strengthen our confidence and hope to welcome the dawn.” This is ZTE’s efforts and expectations, and our common expectation.
Author: talk about science and technology