www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

Global EditionASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / Global Lens

Trump can do a business deal with China

By John Milligan-Whyte | CHINA DAILY | Updated: 2024-11-25 08:00
Share
Share - WeChat

Editor's note: In recent years, China has made significant strides in pursuit of high-quality economic and cultural development. And it has also demonstrated its commitment to build a prosperous society and promote Chinese modernization through innovation and reforms. Four experts share their views on the issue with China Daily.

Containers are unloaded at Qingdao Port in Shandong province. [Photo by Yu Fangping/For China Daily]

How can China achieve a breakthrough deal with the next US administration after Donald Trump assumes office on Jan 20 despite the wide expectation he would implement highly disruptive domestic and foreign policies?

The best-case scenario would be the two countries holding discussions to negotiate and sign a concise but comprehensive "package deal" that better aligns with their economic needs and goals and is conducive to the peaceful coexistence of China and the United States. Such a breakthrough deal will be necessary to end the worldwide financial crisis that will be triggered by an escalating trade war, destabilizing the two largest economies which account for 41 percent of the global GDP.

Unlike any other US president, Trump is an excellent business deal-maker who could happily sign a two-page agreement creating a new, mutually beneficial framework for Sino-US relations, if the agreement dramatically stimulates the US economy and creates millions of jobs in the US.

The worst-case scenario is the US intensifying the tariff and trade wars, and triggering confrontation in the high-tech sector, in a bid to prevent the "Made in China 2025" plan from achieving success.

The worst-case scenario was summarized by former US secretary of state Henry Kissinger: "Unless there is some basis for cooperative action the world will slide into a catastrophe comparable to World War I. Military technologies available today make such a crisis even more difficult to control." In one of his last interviews, Kissinger sadly said a war between the US and China was "probable".

Trump's reelection as US president has now made a catastrophic breakdown in US-China relations "probable". But it has also made a constructive breakthrough possible either through an early agreement between the two countries or later through a sudden breakthrough deal essential for the benefit of the US economy and people.

US trade wars can trigger a financial crisis and stop the functioning of the global credit and capital market. In such a situation, only a breakthrough agreement between the two countries will be able to restore business confidence and reinvigorate the capital and credit markets quickly enough to stop the collapse of the global financial, economic and trading systems.

Trump's reelection has created a unique opportunity for achieving a breakthrough in US-China relations, because only Trump can ignore the entrenched hostile views of China in the US' traditional policy-making establishment, think tanks and bureaucracy.

Trump realizes that traditional Sino-US economic relations can no longer meet the US' growth and national security needs. That is why he is likely to make major changes in the US' domestic and foreign policy. The Republican Party's control of both the House of Representatives and Senate can make many of Trump's radical policies clear and present dangers.

However, Trump is a presidential deal maker who can overcome the key problems economist Larry Summers warned of in US policymaking. "Can the United States imagine a viable global economic system in 2050 in which its economy is half the size of the world's largest? Could a political leader acknowledge that reality in a way that permits negotiation over what such a world would look like? While it might be unacceptable to the United States to be so greatly surpassed in economic scale, does it have the means to stop it? Can China be held down without inviting conflict?"

Trump won a clear mandate because many American voters liked the economic policies he claimed he would implement as US president. The voters elected him to force change.

Since his tariff war and trade policies that demanded unrealizable concessions from China failed during his first term, he has indicated to impose 60-100 percent tariffs on Chinese goods, which he unrealistically believes will force China to accept his demands. The failure of his first term's tariff policies foreshadows the failure of his second term's even more extreme trade war.

The reality that will eventually prevent Trump from achieving his unrealizable demands is that neither the US nor China can win relentless zero-sum game competitions. Given that leaving behind a widely appreciated, successful breakthrough economic deal with China is better than causing a catastrophic economic confrontation, Trump's legacy could be either achieving a breakthrough deal with China or causing the global financial system's collapse.

The author is chairman of the America-China Partnership Foundation.

The views don't necessarily reflect those of China Daily.

If you have a specific expertise, or would like to share your thought about our stories, then send us your writings at opinion@chinadaily.com.cn, and comment@chinadaily.com.cn.

 

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 一本色道久久综合亚洲精品高清 | 成人软件18免费 | 好男人天堂网 | 成人黄色免费网址 | 日韩高清欧美 | 成人欧美午夜视频毛片 | 国产精品v在线播放观看 | 成年人黄页| 国产精品jvid在线观看 | www.亚洲免费 | 免费看真人a一级毛片 | 亚洲在线视频网站 | 久久骚| 99国内视频| 欧美日韩中文一区二区三区 | 久久成人国产 | 一级看片 | 国内自拍视频在线播放 | 免费国产一区二区三区 | 成人国产一区二区三区 | 亚洲在线高清 | a级做爰片毛片视频 | 欧美日韩一区二区三 | 中文字幕精品在线观看 | 一级一级一片在线观看 | 国产成人免费在线 | 婷婷色综合久久五月亚洲 | 日韩精品一区二区在线观看 | 亚洲视频网站在线观看 | 一级毛片美国 | 99精品国产兔费观看久久99 | 全球成人网 | 久久影院在线 | 韩国美女爽快一级毛片黄 | 国产免费一级片 | 成年人在线观看视频免费 | 男女免费观看在线爽爽爽视频 | 亚洲精品专区一区二区欧美 | 免费高清国产 | 成熟女人免费一级毛片 | 国产三级日本三级在线播放 |