The Beijing Hour China, U.S. can resolve differences through talks: white paper
Apr 9, 2025
Chu Cheng, a research fellow at the Belt and Road Research Center, delves into China's latest white paper that critiques U.S. tariffs while advocating for dialogue to resolve trade differences. He discusses strategies China is employing to stabilize global trade amidst rising tensions and highlights the bilateral significance between the two economic giants. The conversation also touches on the humanitarian crisis in Gaza and calls for immediate aid, showcasing the complex interplay between geopolitics and global trade.
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China-US Trade Relations
- China-US trade is mutually beneficial, but unilateralism and protectionism hurt it.
- China upholds free trade, follows WTO rules, and seeks dialogue to resolve differences.
White Paper's Goal
- The white paper aims to mend trade relations with the US, highlighting mutual benefits.
- It emphasizes honoring commitments and seeking multilateral cooperation.
Impact of Tariffs
- Sweeping tariffs will reshape global trade into regionalized “mosaic globalization”.
- Full globalization may return after 5-10 years.