The US-China Green Fund has made strategic investment in property management operator ChangCheng Property Co Ltd to jointly develop green and smart communities, according to the company's top management.
The United States removed the label of "currency manipulator" from China on Monday, a move that a leading US expert called "just recognizing reality" and will be welcomed by investors.
The US Federal Reserve signaled an open attitude toward rate cuts this week, as factors including the escalating global trade tensions added to the anxiety over the sustainability of US economic expansion.
The US-China Economic and Security Review Commission proposed similar measures in its 2019 report to the US Congress, though limiting the scope to Chinese stocks with variable interest entity structure.
The United States tech giant said its application was sent to Enforcement Tribunals, part of the Chinese court system.
The US economy added 145,000 workers in December, fewer than expected, but unemployment remained at a 50-year low of 3.5 percent, the Bureau of Labor Statistics reported Friday.
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The US approach toward trade with China is its attempt to restrain the country through economic levers, according to one expert reacting to Beijing’s release of a white paper on trade relations on Monday.“The US’ China strategy is a revised form of containment that uses economic warfare more prominently than in the past,” said Clifford?A.?Kiracofe, educator and former senior professional staff member for the US Senate Committee on Foreign Relations. The 36,000 Chinese-character paper addresses mutually beneficial and win-win China-US cooperation in the trade and economic fields; a clarification about China-US trade and economic relations; the trade protectionist practices and trade “bullyism” of the US administration; the damage from the improper practices of the administration to the global economy; and China’s position on trade.“US investment in the manufacturing sector in China is fading, owing to labor costs and other factors.?So Trump’s trade war appears to be about helping Wall Street penetrate China’s financial sector,” said Kiracofe, who called the white paper timely and important. “Thus, we plainly see this bullying US economic warfare strategy attempting to promote the hegemony of finance capitalism.“Another feature of this US economic warfare strategy appears to aim at restraining Chinese technological innovation and development,” Kiracofe said.“Washington appears to reject the idea of the peaceful coexistence of different economic systems.?Its idea of globalism is one-sided and zero-sum. But instead, globalism should be non zero-sum and win-win,” said Kiracofe.Frank H. Wu, William L. Prosser Distinguished Professor at the University of California Hastings College of the Law and the president of the C-100, said that “trade has been good for human societies throughout history”.“Trade wars have almost always been bad, regardless of which side you are on. In American history, the Smoot-Hawley Act in 1930 accelerated the Great Depression. From today’s vantage point, just about everyone agrees those tariffs made matters worse,” he said. Roger Wang, C-100 chairman, said dealing with the ongoing trade friction requires patience, an open mind and communication, “then we will see gradual changes”. His group is a non-governmental organization that aims to build bridges for US-China understanding and friendship. Kevin Liu is director of the DHH Law Office in Washington, whose firm is involved in bilateral trade issues.“The?publication?of the white paper revealed to the public the true purpose of the?US?in the trade war last year,” Liu said. “The trade sanctions?of the US?have seriously damaged the economic interests of China and the?US.“Any divergence under the WTO framework?should have?been?resolved through consultation and negotiation.” he said. “The unilateral US sanctions have made us more aware of the fact that while objecting to the sanctions, we?have to make a?plan for the strategic transfer of domestic export industries?as well.”A new 10 percent tariff on 0 billion of Chinese goods went into effect on Monday. China retaliated with tariffs of 5 to 10 percent on billion of US goods such as meat, chemicals, clothes and auto parts. The paper said the two countries are at different stages of development and have different economic systems, and therefore some level of trade friction is natural.However, the new administration of the US government has advocated “America First” since taking office in 2017, and has abandoned the fundamental norms of mutual respect and equal consultation that guide international relations, the document said.“Rather, it has brazenly preached unilateralism, protectionism and economic hegemony, making false accusations against many countries and regions, particularly China, intimidating other countries through economic measures such as imposing tariffs, and attempting to impose its own interests on China through extreme pressure,” the text stated.
The U.S. House of Representatives passed the so-called "Uyghur Human Rights Policy Act of 2019," or the UIGHUR Act of 2019, on Tuesday local time, maliciously attacking the human rights conditions in Xinjiang, slandering China's de-radicalization and anti-terrorism efforts, making groundless accusations against the Chinese government's Xinjiang policies and grossly interfering in China's internal affairs, according to the statement.
The US Justice Department on Tuesday sued Google for alleged antitrust violations, saying it abused its dominance in online search and advertising to stifle competition and harm consumers.
The US deficit as a whole cannot only be defined by the level of Sino-US trade, but is rather a direct result of its domestic demand-driven economic structure, or in simple terms, the aggregate demand is simply greater than the aggregate supply for society. Over the past 20 years, the US economy has been characterized by higher rates of consumption coupled with lower rates of savings. US total savings accounted for approximately 18 percent of GDP, 6 percentage points lower than the world average; while its total consumption accounted for 82 percent of GDP. According to traditional Chinese medicine, there is a concept of "applying the appropriate antidote to treat the root cause of the disease".