Economic dialogue may help solve trade problems between US, China

The US-China Comprehensive Economic Dialogue, which will take place in Washington on July 19, may yield some results in the area of trade without "significant breakthroughs", according to an American expert.

In a recent interview with the Sino-US.com, David Dollar, a senior fellow at the John L. Thornton China Center at the Brookings Institution, said that the US would make a concession to China over trade affairs if the latter can give a hand in curbing North Korea's nuclear ambition.

But there is no sign that Kim Jong-un would stop developing nuclear weapons after Pyongyang launched an intercontinental ballistic missile which many experts believe has the range to reach the US territory. It disappointed Donald Trump and thus could be a handicap for the upcoming economic dialogue to produce substantial results, Dollar said.

However, the US expert still believes that the US-China relationship would remain stable even though the US has not developed certain policies toward China and even Asia, with many positions in the Trump administration unfilled.

Dollar predicted that the US and China might reach a compromise on trade of agricultural products and services during the economic dialogue, which is similar to what the two countries have made in resuming the American beef imports to China. But he added that no big deal would be signed during the economic dialogue especially when the Communist Party of China (CPC) is preparing for its 19th national congress set to be convene in fall.

Hoping that China could open its financial markets and ease restrictions on foreign investment, the US has urged China to push forward with the economic reforms, Dollar noted.

In Dollar's opinion, the Trump administration lacks a full set of policy framework to deal with the problems with China and the situation would improve as more and more government officials will take posts in the near future.
 


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