CHINA (OBSERVATORY) – The standoff between the United States and China continues on the front of the trade. This is why Xi Jinping’s speech at the Boao 2018 Forum was awaited with keen interest. We even expected compromises from Beijing against Washington, but to no avail. Sputnik spoke with Chinese analysts.
Speaking at the Boao Forum for Asia, known as the Chinese Davos, Xi Jinping confirmed that China would open more and more its market without saying anything yet concrete steps to reduce the tension between Beijing and Washington in trade said Kong Gaofeng of Johns Hopkins University (JHU), in a written interview with Sputnik.
“The trade sanctions against China are due to Donald Trump’s desire to end the forced transfer of US intellectual property in that country. […] Washington is very concerned about China’s cybersecurity law, which forces foreign companies working in China to store their data in China, “the agency’s spokesman said.
And to point out that this gave the Chinese free access to the trade secrets and intellectual property of foreign companies.
The academic recalled that, according to a survey, the Chinese authorities encouraged their domestic companies to carry out mergers and acquisitions “rapacious” of their American partners.
“There is every reason to believe that Trump is convinced that China wants to become a highly technological power thanks to American technologies,” said Kong.
Another Sputnik spokesperson, Wang Zhimin, director of China’s Center for Globalization and Modernization, said China would not agree to any concessions on its Cyber Security Act.
“It is not known for the moment whether a real trade war with the United States will break out, but China must prepare for it. […] Beijing will have to respond and respond already,” said the analyst.
For his part, Dr. Zhang Ning of China’s National Economic Strategy Academy recalled in an interview with Sputnik that the contradictions over dumping and subsidies between the United States and China did not date from today.
“Nevertheless, before, China stood in the shadows and waited, because Beijing was simply not strong enough to face the United States. […] Although now, China still avoids getting into an open confrontation with the Americans, it does not make concessions either, but retaliates symmetrically,” said Zhang.
And to add that China was not the same as before.
The United States has decided to apply increased tariffs on 1,300 Chinese goods including televisions and technology products. Almost immediate response from Beijing: Soybeans, cars and American planes will be charged 25% tax when they enter China.