The decision to establish a working group in the economic field of China and the United States boosted market emotions, and drove the U.S. -China stocks rising against the trend.Scholars of interviewees believe that it is difficult for the working group to solve the fundamental differences between the two countries in the economic and trade field, but it helps to resolve small friction.Geopolical conflicts and domestic political pressure are the biggest resistance faced by this bilateral communication mechanism.
When the Chinese and American official Friday (September 22) announced the establishment of a working group in the economy, the Chinese stock market has been closed.However, the favorable signal boosted, the Chinese stocks listed in the United States rose against the overall decline.The Nasdaq China Golden Dragon Index ended the previous week's decline and closed up 2.87 %.Bilibili and Netease's stock price increased by 5%, Alibaba also rose 4.97%, and Weibo and Pindura increased by more than 4%.
Relevant working groups include the Economic Working Group and the Financial Working Group. They will hold deputy ministerial meetings on a regular basis and report to US Finance Minister Yellen and China Vice Premier and Sino -US economic and trade leader He Lifeng.
The establishment ofThe establishment of a working group marked the first time that the US President Trump Government gave up the regular meeting mechanism of the US President Trump in 2018, China and the United States resumed regular economic dialogue for the first time to release the signals of further improvement of relations between the two countries.Bloomberg quoted senior officials of the US Treasury officials that Washington and Beijing agreed to set up a working group when they visited China in July. The two parties will explore issues such as debt restructuring, supervision and stability in developing countries.
In the news that Chinese official media reported and evaluated the working group, they showed cautious and optimistic attitude.The Global Times quoted He Weiwen, executive director of the China World Trade Organization Research Association, stated that the establishment of the two deputy minister of China and the United States is a specific arrangement of the mechanism of stabilizing Sino -US relations.China and the United States have achieved substantial results.
Researchers in the Ministry of Commerce Institute of the Ministry of Commerce predicted that when the working group between the two parties, China may pay more attention to the United States' trade barriers, tariffs, export control and investment restrictions, and the United States may emphasize issues such as market rules and national security.He also reminded that the U.S. government's basic position on China will not change. What role can the working group play? What results can China and the United States restore healthy economic and trade relations still need to be observed.
CCTV WeChat public account "Yuyuan Tan Tian" said that in the related issues related to the economy and financial fields, there are many aspects that need to be coordinated, and there are many problems with different differences.EssenceFor example, the United States has not stopped the unilateral sanctions against China against China. The establishment of the two working groups has also established a platform, which can be "continuously negotiated" in China.
Li Mingjiang, an associate professor at the Lajilinan International Research Institute of Nanyang University of Technology in Singapore, pointed out in an interview with the United Zard that the fundamental differences between China and the United States in the economic and trade field are caused by structural contradictions between China and the United States. For example, I can't solve it alone.However, the working group helps resolve the friction between the two sides on some small issues, such as the United States hinders Chinese companies to invest and list in the United States, and China ’s investigation and law enforcement in Chinese companies.
Chen Bo, Dean of the Optics Valley Free Trade Research Institute and researcher at the Liaoning University Free Trade Zone Research Institute, one of the main contents of the working group communication may be the concept and scope of clear relevant policies and measures. For example, the United States is based on protecting national security.The "small courtyard high wall" blocking strategy.
Chen Bo said: "The manufacturers with a little technical content will worry about being implicated. Now you can use this mechanism to make it clear./P>
He is expected to reach a certain agreement by the end of this year to avoid disrupting bilateral communication next year's US elections."When the two -party election campaign started, it would be difficult to talk about Sino -US cooperation."
Li Mingjiang also believes that the biggest resistance of this bilateral communication mechanism comes from geopolitical conflicts and domestic political pressure, such as the Taiwan Strait issue and the US election."Even if China and the United States want to concessions, the cooperation between the two sides may be criticized by the Republican Party."