In this file:
· Experts rule out China-U.S. trade war
· Chinese, U.S. enterprises sign agricultural transaction contracts
Experts rule out China-U.S. trade war
China Daily Editor: Feng Shuang
Ecns.cn (China) - 2017-07-14
China and the United States have no interest in a so-called trade war, said experts on Thursday, pointing to significant progress in the implementation of the China-U.S. 100-day action plan, particularly in agricultural, energy and high-end manufacturing products trade.
Their comments came after the Chinese government last month lifted a 13-year ban to allow certain categories of U.S. beef to be imported into China. They will also jointly announce the conditions on imports of U.S. chicken products to China before next Monday, another part of the China-U.S. 100-day action plan.
Sino-U.S. bilateral trade amounted to $219.26 billion between January and May this year, up 14.1 percent year-on-year, while China imported $63.17 billion of U.S. goods such as crude oil, soybeans, machinery and transportation tools, jumping 21.4 percent from the same period a year earlier, according to the latest data from the Ministry of Commerce.
Wei Jianguo, vice-chairman of the Beijing-based Center for International Economic Exchanges, said China will increase its agriculture imports from the U.S..
"The U.S. certainly doesn't want a trade war with China as its airplane, automobile and machinery manufacturers, agriculture businesses and many other sectors have multi-billion dollar exports to China every year," he said.
The two countries have been making progress in resolving trade conflicts, and the goal of the China-U.S. 100-day action plan is to overcome the obstacles to bilateral investment and trade.
Energy companies and researchers from the two sides on Tuesday launched a forum to discuss how clean energy such as ethanol fuel technology from the U.S. can tackle environmental problems, especially in the Beijing-Tianjin-Hebei region.
"I can clearly tell you a trade war will not take place this year," said Wei, who was previously China's vice-commerce minister. "But we will also stay alert for the possibility next year. The best way is to enhance communication."
"China is the U.S.' biggest trade partner, as the U.S. is to China. They have a complicated relationship in issues like climate change, trade and finance," said Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics.
He said healthy competition will benefit consumers and help employment. Infrastructure investment is the best way to stimulate the economy of both sides, as most of their imports are complementary.
Compared to politicians and scholars in Washington DC, U.S. business leaders prefer a smooth bilateral relationship.
Bruce Blakeman, vice-president of corporate affairs for Cargill Inc in the Asia-Pacific region, said the beef trade demonstrates how the U.S. and China can solve trade issues in an efficient and effective manner...
Chinese, U.S. enterprises sign agricultural transaction contracts
Editor: MJ Source: Xinhua (China)
CHICAGO, July 13 (Xinhua) -- Some 20-odd Chinese and U.S. enterprises on Thursday signed agricultural transaction contracts worth 5.012 billion U.S. dollars, under which Chinese enterprises will import 12.53 million tons of soybean and 371 tons of pork and beef from the U.S. companies.
Nearly 100 officials and enterprise representatives from China and the United States attended the signing ceremony held in Des Moines, Iowa.
Addressing the ceremony, Counselor for Science and Technology with Chinese Consulate in Chicago Xu Hai said Chinese and U.S. presidents have agreed in their first meeting in April this year to carry out the "the 100-Day Action Plan" under the framework of the U.S.-China Comprehensive Economic Dialogue (CED), this activity (contract signing) "can be taken as one of the concrete measures that materialize the presidential meeting between the two countries."
As urbanization further progresses and the population of the middle class further expands in China, China's consumption market scale will keep enlarging. "There are still huge growth potentials for U.S. exports to China in the future," Xu added.
Adam Gregg, Lieutenant Governor of Iowa, feels excited about the partnership Iowa has developed with China. "With the opening of China for U.S. beef, that is a very exciting development for the state of Iowa and for our cattle farmers here," Gregg told Xinhua...