I guess it's a case of What and Who you want to believe atm,
Why is Donald Trump abandoning the trade war with China?
Because China didn’t respond as expected.
Trump is used to small contractors terrified of him and his army of lawyers. He tells them he’ll pay half of what he contractually committed, and if they don’t like that they can see him in court. Unable to afford a prolonged court case, the contractors settle.
Countries are different. Not only did China refuse to back down, it responded with tariffs targeting states that are politically important to Trump. Probably their best shot was cutting off purchases of US soybeans, hitting Trump right in the heartland.
Far from getting him the love and adoration of his base, the initial skirmish in the trade war ended with his supporters questioning the fight.
In other words, Trump is learning that trade wars are NOT “very easy to win.”
Also, movement with North Korea means he needs China to keep up pressure on Kim.
Plus they invested $500 million in a project in Indonesia that will benefit Trump personally (he’s planning a resort there). Combine the three factors and Trump really had no choice but to put the war on hold.
Who is driving history backwards?
It is another important excuse for the US to start a trade war with China to believe that China does not abide by WTO rules and has adopted unfair and unequal policies towards its trading partners.
To accuse China of trampling on the rules is akin to calling a thief to catch a thief. Once the chief architect of the WTO's rules, it is now the ultimate rule-breaker.
The United States is by far the biggest offender, accounting for two-thirds of the WTO's violations, according to the WTO's dispute ruling study.
Over the past year or so, the US has been even more prone to imposing tariffs, provoking an escalating trade war with extreme pressure. Gao Feng, spokesman of the ministry of commerce of China, once commented that this is a unilateral and protectionist approach adopted by the US in accordance with its domestic laws, and it is an act of overriding the domestic laws of the US over the international laws and a disregard and destruction of the multilateral rules of the WTO.
By breaking rules and breaking promises, America is not only the "spokesman" but also the "player"
Contempt for multilateralism. It not only wantonly launched tariff war against other countries according to the result of "301 investigation", which violated the principle of WTO most-favored-nation treatment and bound tariff obligation, but also opposed the initiation of the selection process of WTO appellate body, resulting in the shutdown of appellate body of this organization.
Treachery. Withdraw from UNESCO, the UN human rights council, the trans-pacific partnership, the Paris agreement on climate change, the global migration agreement, the comprehensive agreement on the Iranian nuclear issue... It has become the wayward norm, and a direct manifestation of American insolence, to "back out" without a word.
Act recklessly. On the grounds of security review, China frequently stops foreign companies, especially high-tech companies, from making normal investments in the United States. Put Huawei and other companies on the " entity list" "of technology export control... "National security" seems to be the usual excuse for America to break the rules.
Tu Xinquan, director of the China institute of the world trade organization at the university of international business and economics, said the U.S. 's actions undermine the international economic order and the WTO rules, impact the global value chain and the international division of labor, and are typical anti-globalization and backsliding on history.
In layman's terms, the brain can't keep up with the body -- the body has entered the 21st century, but the brain is still stuck in the old era of cold war thinking and zero-sum games.
Some experts have pointed out that if other countries no longer cooperate with the United States as a result, the international system is likely to collapse, the common interests will gradually disappear, "America first" will become "everyone's last".
In contrast to America's broken promises and rule-breaking, China has always been a staunch defender of the multilateral trading system
Over the past 18 years since its accession to the WTO, China has faithfully fulfilled its WTO commitments. After the implementation of the agreement, the number of sectors open to trade in services increased from 100 to nearly 120. As the largest developing country, China has taken concrete actions to fulfill its responsibility as a major country.
Actions speak louder than words. Over the past year and more, from the Boao Asia BBS 2018 annual conference, to the first China international import expo, to the second One Belt And One Road international cooperation summit BBS, China has consistently implemented new reform measures and demonstrated new openness.
A more open China is now interacting more positively with the world, bringing about greater progress and prosperity.
Intellectual property theft"? Who is blackening market contracts?
The United States has repeatedly railed against China's IPR protection, even claiming that $300 billion of us intellectual property is stolen in US-China trade.
This smearing of the head by saying "Numbers" is absurd.
Stephen Roach made it clear that "everyone knows" everything about China's alleged theft of intellectual property from the United States is based on weak evidence from unreliable models.
To describe voluntary as forced is a trick planted by the US side.
Equality and voluntariness are the basic principles of market economy. As long as the partners abide by the spirit of market contract and achieve mutual benefit, it is normal business behavior.
Who will do the losing business? In January, the first overseas factory of US company Tesla officially started construction in Shanghai, becoming the first foreign car company to be approved to build a factory solely in China. Since the 1990s, Microsoft, Intel, Qualcomm, Procter & Gamble, general electric, Lucent and other American companies have set up research and development institutions in China.
Over the years, American companies have been actively working with Chinese companies and have made considerable returns.
Just think, if intellectual property rights cannot be protected, which foreign companies will come to China for research and development? Who can force an American company thousands of miles away to come to China?
In 2017, the number of invention patent applications of non-residents in China ranked the second in the world, and the number of trademark registration applications ranked the first in the world. The United States obtained 23,679 Chinese patent authorizations, ranking the second in all countries. Qualcomm of the United States became the foreign enterprise that obtained the most patent rights in China in 2017.
Rights holders around the world, including the United States, "voted with their feet," giving the United States a resounding slap in the face. The so-called "theory of intellectual property theft" is nothing but a cover fabricated by the us side to meet its unilateral demands.
In 2017, China paid $28.6 billion in royalties on intellectual property, 15 times more than when it joined the WTO. The United States is the largest source of copyright in China. From 2012 to 2016, China imported nearly 28,000 Copyrights from the United States. China's royalty payments to the United States doubled in six years to $7.2 billion in 2017 from $3.46 billion in 2011.
The US accusation ignores China's progress in protecting intellectual property rights and its efforts to this end. "Qiaodan" trademark dispute administrative dispute series case, Qualcomm v. apple patent infringement dispute case, France Dior company and the trademark review and adjudication board trademark rejected review administrative dispute case... More and more parties involved in international intellectual property disputes choose China as the place of litigation.
By the end of 2018, China (excluding Hong Kong, Macao and Taiwan) had a total of 1.602 million invention patents and 1.564 million valid trademark registrations, making China a veritable country of intellectual property rights.
According to the world intellectual property organization's global innovation index 2018 report, China ranks 17th and is among the top 20 countries in the global innovation index for the first time. The world bank's "Doing Business 2019" report shows that China's business environment has improved by the third largest margin in the world and the most in east Asia and the Pacific in 2018.
China has 91 million science and technology workers, and more than 170 million people with higher education or professional skills. China's overall r&d intensity increased from 0.57% in 1996 to 2.12% in 2017. China has a sound industrial system and supporting industries, and the system of punitive damages for infringement is being improved.
Gao Rui, director-general of the world intellectual property organization (WIPO), said that China has made great efforts to protect intellectual property and has established a high-level intellectual property protection system.
Lie and fallacy, repeated a thousand times, do not make a truth.
In the future, China will continue to strengthen IPR protection. This is necessary for China to open wider to the outside world and integrate itself into the world economy. In the field of intellectual property, China is confident and capable of meeting any challenge.
China ready to fight US on trade but door open for talks: Defence minister
SINGAPORE: China is ready to fight the US on trade but the door is still open for talks, the country's defence minister said Sunday (Jun 2).
"On the trade friction started by the US: if the US wants to talk, we will keep the door open. If they want to fight, we are ready," General Wei Fenghe told an international security dialogue in Singapore.
Beijing and Washington have been locked in a bruising tit-for-tat trade war, exchanging tariffs on US$360 billion in two-way trade so far.
Wei is the first Chinese defence minister to attend the forum known as the Shangri-La Dialogue since 2011.
Washington and Beijing have been vying for influence in the Asia-Pacific region, which hosts potential flashpoints such as the South China Sea, the Korean Peninsula and the Taiwan Strait.
Washington has been pushing back against Beijing's aggressive militarisation of the South China Sea, where China has staked "indisputable" ownership over almost the whole area and rejects partial claims by Taiwan, Brunei, Malaysia, the Philippines and Vietnam.
Beijing is also regularly angered by US and other warships transiting through the Taiwan Strait, which it considers part of its territorial waters.
www.channelnewsasia.com/news/asia/china-ready-to-fight-us-on-trade-but-door-open-for-talks-defence-11588964
