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China and the United States should avoid further confrontations and seek win-win solutions for all concerned, and their intention to start a new round of negotiations is a positive sign, said John L John Li Director Thornton China Center.
Li, who is also a prominent member of Brookings' foreign policy program, said the two countries should resume dialogue instead of "pointing fingers at each other".
On Wednesday, the White House announced that it had invited China to embark on a new round of trade talks and that China welcomed the proposal. In recent months, the two largest economies in the world have been confronted with a tariff exchange.
"Sooner or later, both parties will realize that the confrontation is indeed losing and no one can win through this type of trade war.Therefore, a certain compromise and compromise would be very important," said Mr. Li. exclusive interview with China Daily.
Li, who is also director of the National Committee on US-China Relations, said it was difficult to predict the outcome of the next round of negotiations, but that he "certainly hopes that there will be will have expected results. "
"We can not expect the United States to be as open," he said, attributing them to the internal struggles within US President Donald Trump's government, as well as the trade confrontation. growing.
"But any kind of discussion or dialogue is better than nothing," he said. "And, especially since this invitation to resumption of negotiations came before the G20 summit in Argentina in 2018. It is an incentive to do something and move in the right direction."
Since the beginning of July, the United States and China have each increased their tariffs by $ 50 billion from their respective products.
Asked about China's possible response if the US increased tariffs on Chinese imports to the tune of $ 200 billion, Mr. Li said that there was a "mixed sentiment".
"If Donald Trump can return to the negotiating table without pushing China to a turning point, China's compromise can give the country a better future," said Li.
"But if Trump uses other things to push China or the Chinese into a turn, I do not think the country will compromise," he said.
Li suggested that both countries understand each other's complexities and internal pressures. "Putting yourself in the skin of the other is very important."
In the midst of external pressures, China has continued and will continue to advance domestic reform and market opening, Chinese experts said at the special session of the China Development Forum, which began Sunday in Beijing.
Wang Yiming, vice president of the State Council Development Research Center, said the Trump administration was taking unilateral action to create trade barriers around the world, not just with China.
China can further improve its trade and investment policies, Wang said, citing the relatively high entry threshold for foreign companies, especially in the services sector.
China will continue to ease restrictions on foreign ownership in areas such as finance, health care and elder care, he said.
Li Yang, chairman of the National Institute of Finance and Development, said China should continue to stabilize or reduce debt in the economy, which would help solve the current complex economic and financial problems.
The two-day conference, titled "A New Chapter for China's Reform and Opening," brought together Chinese and US officials, academics, and business leaders, as well as delegates from China. 39, international organizations.
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