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Sino-US economic and trade relations at a crossroads again

By: himfr

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Major interest groups are fighting for dominance in the U.S. foreign trade policy. In the current round of U.S. anti-dumping increasing trend, interest groups played a significant aggravating factor
Bush hopes to adopt a tough anti-terrorism trade protectionism and unilateralism strong combination of routes to obtain the next general election victory, China anti-dumping constitutes a part of its strategy to implement. Therefore, the development of Sino-US economic and trade relations once again faced with difficult choices
Chinese companies not from the U.S. International Trade Commission, China's exports to the U.S. does not hold the ball bearings dumping the joy coming out of the U.S. International Trade Commission has preliminary ruling on the United States, China's color TV industry caused by the same substance abuse, decided to further China's color TV exports to the U.S. anti-dumping investigation, the Sino-US economic and trade relations to once again come to a crossroads.
Trade imbalance: the direct cause of
With China's accession to WTO, many people have predicted the two countries bilateral trade imbalance will improve, however, did not 2002 as experts predicted, once again highlights the Sino-US trade imbalance, the Chinese year the U.S. trade surplus reached a record 42.7 billion U.S. dollars.
From January to May this year, according to data released by the Ministry of Commerce, Sino-US trade volume reached 46.42 billion U.S. dollars, China's trade surplus with 18.45 billion U.S. dollars, up 31.9%; According to the U.S. Commerce Department data released this year, 1 to 4 U the trade volume reached 51.24 billion U.S. dollars, of which China imported 42.68 billion U.S. dollars U.S. exports to China 8.56 billion U.S. dollars, trade deficit reached 34.12 billion U.S. dollars, up 28.6%.
Sino-US trade imbalance deteriorating trend in the United States caused widespread public attention. As the U.S. trade deficit last year, up 435.2 billion U.S. dollars, while the U.S. trade deficit with China Ministry of Commerce statistics as high as 103.1 billion U.S. dollars, accounting for the total U.S. foreign trade deficit of nearly 1 / 4, therefore, the United States many people believe that "China's failure to perform bilateral Trade Agreement and the inefficiency of the United States to urge large deficit between the U.S. and one of the reasons, "" China trade issues in Congress this year will be a primary issue. " In their view, China is such a huge trade surplus with the United States is absolutely intolerable, imports of U.S. products in China, does not significantly increase, only by increasing the intensity of anti-dumping on China to stop Chinese products into the U.S. market was more is the balance that the most effective means.
Interest Group: dumping promoter
United States, a number of interest groups, are manifold. Interests in business enterprises, labor interest groups, farmers, professionals, interest groups and other interest groups. As different interest groups have different interests, the major interest groups are vying for dominance in the U.S. foreign trade policy.
In the current round of U.S. anti-dumping growing trend, interest groups played a significant aggravating factor.
Act as the vanguard of anti-dumping on China comes as the American Textile Manufacturers Association. April 7 The Association issued a statement, accusing China of time in the past year, exports to the United States more than doubled, resulting in thousands of U.S. workers unemployed, to enable the industry to survive long term, the Association strongly urges the U.S. Government effective use of special safeguard measures.
In addition, China encourages the development of the domestic semiconductor industry is subject to United States policy interest groups and politicians increasingly strong opposition. Many interest groups, talk nonsense and said that China's policy violates WTO rules, they may be ambiguous to the original question referred to Washington semiconductor revenue of China's trade agenda priorities. All this marked the mentality of the Chinese trade policy changes are subtle, China's future efforts being anti-dumping investigation is likely to deteriorate further.
Economic and trade relations: facing a collision
U.S. anti-dumping increasing, coupled with the political forces within the U.S. struggle, economic policy adjustment, and Bush's re-election factor, the future Sino-US trade relations for some time the trend is increasing the uncertainty of China-US trade and economic relations will will develop into a friction increasing, squabbling in the new era of progress.
First, on February 20 this year, U.S. Security Review Commission was renamed the United States-China Economic and Security Review Commission, more prominent economic issues and the Commission is bound to be more concerned about the exaggerated Sino-US trade disputes. And, according to the overall style to see last year's report, the forthcoming evaluation report of the Committee will also not conducive to the development of Sino-US economic and trade relations.
Second, the U.S. Trade Representative's Office released the "2003 national trade barriers report", again in Japan, China and the EU are listed in the first few in this list. The report blamed China for U.S. wheat, corn, rice, cotton, barley, fruits and vegetables can be oil extraction of oil imports from unfair trade restrictions in violation of China's WTO accession commitments.
Meanwhile, in 2003, in its annual "Special 301" report, China will remain as a "306" under supervision, which means that if the implementation of bilateral intellectual property agreements found that China's efforts to diminish, the U.S. Trade Representative's office can trade sanctions against China. In addition, Section 421 established the United States, not only specific to China, but also reduces the threshold of 201, on the Sino-US economic and trade relations will have more direct negative affect or interfere with the development of Sino-US economic and trade relations.
Finally, on May 22, the U.S. House of Representatives rejected the abolition of the U.S. current theoretical calculation value megabit (MTOPS)-based high-performance computer export control regime of Bill HR1553, making the United States to relax export controls to China high-tech to once again frustrated the settlement of Sino-US trade imbalance is still facing great challenges. From the current U.S. foreign economic policy, Bush hopes to adopt a tough anti-terrorism trade protectionism and unilateralism strong combination of routes to obtain the next general election victory, China anti-dumping constitutes a part of its strategy to implement.
Based on the above analysis, can be said that the development of Sino-US economic and trade relations once again faced with difficult choices. But as the U.S. State Department policy planning Richard Haass Director of the Office on December 5 last year in its "China and the future of US-China relations," the speech noted, "Today, we are a different shape US-China relations from the crucible of the Cold War against the Soviet Union for the formation of interdependence, move to a challenge to adapt to the modern era of globalization partnership. the positive progress in this direction, required both countries to take some bold decisions and the same bold action. "Sino-US relations as a heating device, the smooth development of bilateral political relations, the case, would reverse the refrigerant of bilateral relations, especially the leaders of China and the U.S. depends on U.S. policy layer visionary courage and wisdom.

Article Source: http://depositarticles.com/

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