Economic Outlook

  • An American Perspective: What Concerns the United States about China

    by CAIFU Magazine

    The first concern is about market fairness. As early as 2016, the Chinese government announced plans to invest $150 billion USD to make China's integrated circuit chip products reach 70 percent in China’s domestic market share by 2025. This resulted in severe criticism from then U.S. Commerce Secretary Penny Pritzker.

  • If China’s Foreign Trade Is Predatory in Nature, then Why Is the U.S. the Only Victim?

    by Star

    U.S. President Donald Trump still believes that promoting a trade war with China is to his political advantage, so he is accelerating related preparations. Trump announced in June 2018 that tariffs would be imposed on Chinese exports worth $50 billion USD starting July 6, 2018. China immediately retaliated, imposing a series of tariffs on U.S. goods worth $50 billion USD. This trade war will go ahead without negotiation because the United States and China have great differences on the basic concept of this issue. Both sides have reason to believe they can win.

  • It is a Reality that the Chinese and American Economies Are Mutually Indispensible, and Neither Side Can Do Without the Other Side

    by Star

    On January 23, Wang Qishan, Vice President of the People’s Republic of China, delivered a speech at the 2019 Annual Meeting of the World Economic Forum. He said, “It is a reality that the Chinese and American economies are mutually indispensible, and neither side can do without the other side.” He added, “China’s door of opening-up will open even wider. With 1.4 billion people, the Chinese market is very attractive. China is willing to share its development opportunities with other countries.”