During the upcoming G20 summit, leaders of the world's two major economies will meet for the first time for more than a year.At present, the gap between China and the United States is still very large.
Three months ago, in the eyes of Chinese officials, Donald Trump met with Donald Trump at the G20 summit. It was the best hope for the two sides to reach a settlement and end the trade war.Since then, they want to achieve a rest.Now, as long as the meeting this week can end without embarrassment, they will think they are lucky.China is preparing to welcome a new round of U.S. tariffs in early next year.
When leaders of the world's two major economies are preparing to meet for the first time in more than a year (during the G20 summit opening at Buenos Aires on Friday), the gap between the two sides is still very large.
According to people who have heard the relevant negotiation briefings, since May (then Trump refuted the statement of China's chief negotiating representatives on the agreed tariffs on the two parties), Beijing's position has not fundamentally changed.
At that time, the Chinese Deputy Prime Minister Liu He said that the Chinese government was willing to buy more American agricultural products and continue to increase the upper limit of foreign investment in specific industries.However, Liu He, an economic consultant, refused to commit structural reforms to China's unique national capitalist model; according to this model, state -owned enterprises led all industries that are regarded as strategic and easily obtained credit from state -owned banks.
China has not provided anything to the United States for a few months, but just issued the same old proposal as the same in nature six months ago. One of the people familiar with the matter said when talking about the bilateral negotiations that really re -started in November.The G20 Summit has never been an event that forces any party to take action.The reality is that the Chinese are not willing to do so much.
He added: China does not want to show weakness.There are not many things that can be provided or wanted to provide.Both sides are just trying to finish this process and end things to see what will happen next year.
Trump has threatened that if there is no major concession before the two leaders' working dinner during the G20 meeting or this Saturday, he will increase the tariff rate of about half of China to the United States from 10%to 25%.
On Tuesday, Trump's chief economic adviser Larry Bull; Larry Kudlow said that he and other officials from the Trump administration could not see any signs that the Chinese government was ready to propose the United States.
For Chinese officials and analysts, Trump's demand is too high.At the G20 summit, China will oppose trade protectionism and reiterate its willingness to deepen and expand (domestic) reform.
But Trump didn't want to hear these words, and Professor Shi added.He needs unprecedented, very specific and executable concessions.Fundamentally speaking, these concessions (will be forced) China to change its economic model and industrial policies.
On Tuesday, the Chinese ambassador to the United States Cui Tiankai urged the Trump administration to act in a responsible manner.
The two sides should balance each other's concerns hell; hellip; just so far I have not seen the United States have made enough response to the Chinese side, Cui Tiankai said in an interview with Reuters in Washington.China cannot accept the other party that can only be satisfied with one party and open conditions, and the other party can only be satisfied.
Eswal Bull, the person in charge of the Chinese Ministry of the International Monetary Fund (IMF); Eswar Prasad said that with the US Vice President Mike Bull; Mike Pence, in NovemberThe disagreement on it seems to show that the positions of both sides are turning to tough.
Both sides have accused each other accusing each other responsible for the sharp deterioration of bilateral relations this year.For the first time in the history of the Asia -Pacific Economic Organization Conference, it ended with a unable to issue a joint communique.
The most likely result of the G20 meeting is that the two parties made some pleasing remarks to a certain extent, but I think that you will eventually see a higher and wider tariffs on the United States, Plasteid said.At the current stage, there are no convenient paths to stop hostile operations, let alone reverse those hostile action.
The United States and China have discussed the possibility of visiting Washington before the G20 summit and paving the road to the potential agreement.As a result, the Chinese Deputy Prime Minister made a formal visit to Germany, and the visit ended on Wednesday.When he was in Germany, the Bank of China Insurance Supervision and Administration (CBIRC) approved the German insurance company Allianz to open a wholly -owned insurance company; this is the first time in China to issue a license.
Chinese officials believe that this approval shows that they are committed to liberalization in the financial industry.From the perspective of U.S. executives, this move highlights the slow rhythm of glaciers in China's economic reform plan and can follow the nature.
Analysts said that for the long -awaited G20 Specials, in this ominous background, the biggest hope of making breakthroughs is the unexpected preference for manufacturing.As Plaosbad said: What is an unpredictable thing is that when Trump face to face, who knows what will happen?Who knows what he thought of on that occasion?
Translator/He Li
