US-China relationship to be largely stable in second half of 2017: expert

Despite tensions over the issues of North Korea and Taiwan, the US-China relationship will remain stable with some bumps in the second half of 2017, a US expert has said.

In a recent interview with Sino-US.com, Scott Kennedy, director of the Project on Chinese Business and Political Economy at the Center for Strategic and International Studies, said that the US might not have too much energy to deal with the problems related to China because it has not had a certain policy toward Asia and there are still many unfilled positions in the Donald Trump administration. He said that it would lead to less pressure on China over the economic and trade affairs, as China is unlikely to conduct big economic reforms except small adjustments in the financial sector.

However, the differences between the US and China cannot be neglected even though President Trump will pay a state visit to China in the second half of the year.

As for the US-China Comprehensive Economic Dialogue that will take place in Washington on July 19, Kennedy said that the US should use the opportunity to clarify what it expects China to do in what areas. The US has long hoped that China could carry out structural economic reforms which are needed to balance trade between the two countries, Kennedy said.

Kennedy also predicted that the US would continue to press China over steel dumping, but he believed that the pressure would be relieved regardless of his campaign promise of putting more pressure on China over the tariff and exchange rate issues.

When talking about the Chinese economy, Kennedy said that China would issue a series of policies to clamp down on shadow banking and curb capital outflows in the following months. He also said that China would step up efforts to promote globalization and increase its international influence by pushing forward the "Belt and Road" initiative.


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