The US is eroding the great country's credibility and national intangible assets
By Chen Wenling |
Updated: 2018-08-13 17:11
Nowadays, the attitude of the United States toward China is undergoing a strategic change. The deep reason is the US believes that as China gradually participates in globalization, China's economy will transform towards liberalization, and China's political will be democratized. However, in terms of recent developments, China has not made the above-mentioned changes envisaged by the US and its attitude toward China has gradually turned to doubts and vigilance, and China has been regarded as the largest competitor to the US
The US believes that China gains competitive advantages through executing unfair trade and investment policies, stealing technology, restricting the service industry, giving market subsidies violating WTO principles, and other unfair measures. At present, Europe and Japan also adopt the same position as the US on these issues.
Nowadays, US citizens generally believe that US President Donald Trump is a person who dares to be courageous, responsible, and able to solve stubborn diseases. Trump's support rate in the US is constantly increasing. In the short term, the trade issue will be an important focus for both China and the US. However, in the long run, competing high-tech industry and geographical location will play a more important role in Sino-US relations. The ZTE sanction case is only a landmark event in the Sino-US competition of science and technology. It has just opened the prelude of scientific and technological competition between China and the US.
For the trend of the times, Trump now is isolated in several aspects. It is a very large consumption and loss for US national credit, national prestige and national soft power, which will become an "accelerator" to accelerate the decline of the US.
First, the US did not solve the trade issue under the WTO framework, but resorted to unilateral measures to demonstrate downright hegemonism. In the WTO, almost no country supports the US' unilateralism. The world economy is now highly connected. The economic form, relations, and structure are all closely related, the global economy has never been as connected and dependent as it is nowadays. the US government factitiously intends to cut off the Sino-US industrial links, which bucks the historical trend.
Second, placing US interests above global interests and overriding US domestic rules above global rules are what makes the US trapped in swamp. The US being first is the super-strong hormone "stimulant" injected into US people. If it continues, it will cause US prestige in the international community to drop drastically, and it will greatly reduce the influence of the US over the years.
Third, the current US policies and measures have actually had a major negative impact on geopolitical economic diplomacy. For example, the US withdrew from the TPP, and put the TTIP on the shelf, restarting negotiations of the North American Free Trade Area. Many US allies, such as Japan, India, and Australia have followed the US step by step. But now these countries are rethinking if it is wrong to follow it. Is this general direction wrong?
Fourth, Trump's innocence or temperament will create a tragedy of an era. The US has benefited from internationalization, and also has benefited from trade with China. The US has benefited from participating in the WTO, however, Trump does not think so. China and the US account for 40 percent of the world's GDP, manufacturing output accounted for nearly 40 percent of the world’s, trade accounts for nearly 25 percent of the world’s, and the population accounts for nearly 25 percent of the globe. If the two countries with such a large proportion of
the world can cooperate, the whole world structure will be changed. As the cooperation between the two countries will drive the recovery of the world economy and promote sustainable development in the world, it will solve some problems in international trade. China expects Sino-US cooperation will benefit both sides, a fight will make both losers. In this respect, I think this is the biggest difference between China and the US. If the US can liberalize the export of high-tech products, the trade deficit between China and the US will become a surplus, precisely because this is the most complementary industrial structure between China and the US. Trump is very representative now, he is a very unique person, but if Trump retired, what will be the next US president's attitude to China? That is what we need to reflect on deeply.
Nowadays, the attitude of the United States toward China is undergoing a strategic change. The deep reason is the US believes that as China gradually participates in globalization, China's economy will transform towards liberalization, and China's political will be democratized. However, in terms of recent developments, China has not made the above-mentioned changes envisaged by the US and its attitude toward China has gradually turned to doubts and vigilance, and China has been regarded as the largest competitor to the US
The US believes that China gains competitive advantages through executing unfair trade and investment policies, stealing technology, restricting the service industry, giving market subsidies violating WTO principles, and other unfair measures. At present, Europe and Japan also adopt the same position as the US on these issues.
Nowadays, US citizens generally believe that US President Donald Trump is a person who dares to be courageous, responsible, and able to solve stubborn diseases. Trump's support rate in the US is constantly increasing. In the short term, the trade issue will be an important focus for both China and the US. However, in the long run, competing high-tech industry and geographical location will play a more important role in Sino-US relations. The ZTE sanction case is only a landmark event in the Sino-US competition of science and technology. It has just opened the prelude of scientific and technological competition between China and the US.
For the trend of the times, Trump now is isolated in several aspects. It is a very large consumption and loss for US national credit, national prestige and national soft power, which will become an "accelerator" to accelerate the decline of the US.
First, the US did not solve the trade issue under the WTO framework, but resorted to unilateral measures to demonstrate downright hegemonism. In the WTO, almost no country supports the US' unilateralism. The world economy is now highly connected. The economic form, relations, and structure are all closely related, the global economy has never been as connected and dependent as it is nowadays. the US government factitiously intends to cut off the Sino-US industrial links, which bucks the historical trend.
Second, placing US interests above global interests and overriding US domestic rules above global rules are what makes the US trapped in swamp. The US being first is the super-strong hormone "stimulant" injected into US people. If it continues, it will cause US prestige in the international community to drop drastically, and it will greatly reduce the influence of the US over the years.
Third, the current US policies and measures have actually had a major negative impact on geopolitical economic diplomacy. For example, the US withdrew from the TPP, and put the TTIP on the shelf, restarting negotiations of the North American Free Trade Area. Many US allies, such as Japan, India, and Australia have followed the US step by step. But now these countries are rethinking if it is wrong to follow it. Is this general direction wrong?
Fourth, Trump's innocence or temperament will create a tragedy of an era. The US has benefited from internationalization, and also has benefited from trade with China. The US has benefited from participating in the WTO, however, Trump does not think so. China and the US account for 40 percent of the world's GDP, manufacturing output accounted for nearly 40 percent of the world’s, trade accounts for nearly 25 percent of the world’s, and the population accounts for nearly 25 percent of the globe. If the two countries with such a large proportion of
the world can cooperate, the whole world structure will be changed. As the cooperation between the two countries will drive the recovery of the world economy and promote sustainable development in the world, it will solve some problems in international trade. China expects Sino-US cooperation will benefit both sides, a fight will make both losers. In this respect, I think this is the biggest difference between China and the US. If the US can liberalize the export of high-tech products, the trade deficit between China and the US will become a surplus, precisely because this is the most complementary industrial structure between China and the US. Trump is very representative now, he is a very unique person, but if Trump retired, what will be the next US president's attitude to China? That is what we need to reflect on deeply.
