The bigger China’s mind is, the further it can go.
Chinese officials said in a statement Friday night that China and the United States have reached an agreement on the text of the first phase of the economic and trade agreement. According to the text of the agreement, the U.S. side will cancel the imposition of tariffs on China’s products in stages, and realize the change from increasing to decreasing. In accordance with WTO rules and market-oriented principles, Chinese enterprises will increase their purchases of goods from various countries, including the United States, according to demand. China will also strengthen the protection of intellectual property rights, expand market access, etc.
Last night, the Information Office of the State Council held a press conference. The heads of the five departments introduced the progress of China US economic and trade consultation and answered questions from Chinese and foreign media.
This is the first time in about 20 months since the Sino US trade war that the two sides have reached an agreement on an agreement text. This is a phased achievement of the Sino US economic and trade dialogue, which means that the two sides have taken a step forward. The international community has been looking forward to this step. From Thursday to Friday, the optimistic rise of the global stock market shows that the China US agreement will play a positive role in encouraging confidence in the global market and promoting all parties to resolve trade disputes in a win-win way.
Rome wasn’t built in a day. Trade protectionism has expanded some areas in the world and affected some people’s thinking. It is not easy for China and the United States to reach an agreement on the text of the first phase agreement. How to define this step of the two sides, whether its positive effect on the restructuring of the global market disturbed by the trade war can be sustained and stable, and whether it can form more positive energy accumulation, depends on the next efforts of the two sides.
It should be noted that the text of the first phase of the economic and trade agreement is a win-win product of China and the United States, and it is also a real good for the world. Investors from all over the world are the most truthful. They don’t pretend to be real gold or silver. But there will probably be some people in China and the United States who advocate that their country has suffered losses in this agreement. This is a natural counter branch of the public opinion field, but that kind of voice cannot be the mainstream attitude of either side.
The trade war between the United States and China came into being in the context of the change of the strategic thinking of the United States and China, which makes Washington, who launched the trade war, have to find the strategic impetus to end the trade war, so that the process can be more and more vigorous. So where does this strategic drive come from?
We believe that as long as the U.S. side is practical and realistic and does not take it for granted, such strategic momentum may be formed and gradually expanded. Because the trade war is not an effective way to help the United States and China to carry out strategic competition, it can neither frighten China nor weaken China effectively, and the gradual rise of the economic cost of the United States in this process is very certain.
I hope that China and the United States can learn more positive things from the first phase of the economic and trade agreement text, and take this opportunity to build more confidence in eliminating and reducing differences through patient negotiations.
The Chinese should also see that the trade war was initiated by the United States, and China was forced to take part in it. Under the strong leadership and strong organization of the party and the government, China has always adhered to the principle of “not willing to fight, not afraid to fight, and having to fight when necessary”. It has not only resolutely fought, but also opened the door to negotiation. Our front has never been in disorder. China is a great power with strength, will and wisdom, which has been further proved in the past period.
China loves peace and is committed to continuous progress. We don’t complain about this trade war. Everything is divided into two parts. We are willing to look at the possible multiple relations between this trade war and China’s expansion of reform and opening up from a historical perspective. Chinese people need the participation of American high-quality agricultural products to improve their consumption level. Strengthening the protection of intellectual property rights and expanding market access are the necessary directions for China to expand its reform and opening up. The bigger China’s mind is, the further it can go.
(this article is an editorial review of global times. The original title: a step forward in China US economic and trade negotiations, which is a new starting point)
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