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Published -
- July 30, 2019
- 12:34 pm
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Why do some analysts argue that China’s stance towards the trade negotiations with the US may not be as amicable as it seems?
There has been a lot of speculation regarding the trade relations between China and the United States. The two economic giants have been engaged in a trade war for more than a year, and while they have made progress towards a resolution, there is still much to be done. One of the questions that have arisen as a result of this protracted conflict is whether China really wants a trade deal with the US.
On the surface, it seems that China would want nothing more than a trade deal with the US. After all, China relies heavily on exports, and the US is one of its biggest markets. A trade deal would give Chinese companies access to US consumers, which would undoubtedly boost the Chinese economy. China has stated that it wants to reach a trade deal with the US and has even issued promises to buy more US goods, including agricultural products.
However, analysts have pointed out that China’s stance towards the trade negotiations with the US may not be as amicable as it seems. Some argue that China has been taking a more strategic and long-term approach towards the negotiations. According to these analysts, China’s main objective is to become less reliant on the US market and to diversify its export markets. In other words, China may be using the trade war as an opportunity to reduce its reliance on the US and strengthen its economic ties with other countries.
Furthermore, some argue that China may view the trade war as an opportunity to boost its own technological capabilities. China has been investing heavily in technology and innovation, and the trade war may provide an impetus for the country to develop its own high-tech industries even further. By doing so, China may be able to reduce its dependence on US technology and become a true economic superpower in its own right.
It is also worth noting that the Chinese government has been facing mounting pressure from its citizens to take a tougher stance towards the US in the trade negotiations. From Beijing’s perspective, appearing too willing to make concessions to the US could undermine the government’s legitimacy and reduce support from the Chinese people. Therefore, China may feel the need to take a tough stance towards the US in order to maintain public support.
In conclusion, while China may want a trade deal with the US in the short term, it is not entirely clear whether the country is genuinely eager to agree on a deal on terms that would satisfy the US side. China may have long-term objectives that are not entirely aligned with the US, including reducing its reliance on the US market and boosting its own technology capabilities. Furthermore, China may face domestic pressure to take a tough stance towards the US in order to maintain public support. Only time will tell whether a comprehensive trade deal between the two countries can be reached.
