Chinese Editorial Speculates About 'Real War' With US After Trump Inauguration

Chinese Editorial Speculates About 'Real War' With US After Trump Inauguration

But IMF chief economist Maurice Obstfeld warns that possible trade disruptions pose a risk to the 3.4% growth forecast for 2017.

Why is Trump so fixated on US-China trade?

The premier said China will create market and legal environment that is open and transparent, fair, orderly and predictable to become a preferred destination for foreign investment.

A trade war occurs when nations try to protect their economies by putting heavy taxes on imports - prompting their rivals to retaliate with similar measures.

Trump's perceivably provocative rhetoric targeting Beijing and moves that stirred the waters in the Taiwan Strait since his election have reinforced those hopes, in particular the tycoon-turned-politician's decision to go about telling the world about his unprecedented telephone call with President Tsai Ing-wen (蔡英文) and his questioning of Washington's long-standing "one China" policy. Under the conditions, therefore, it was not surprising to observe the comparatively low-level official representation from the U.S.

"China's economy was within a proper range with improved quality and efficiency". China does not acknowledge the existence of Taiwan's democratic government and still considers the island a rebellious province. He also called the new President "unpredictable", and said that he has a "less friendly attitude" than former President Barack Obama. It is essential that bilateral trade disputes be resolved.

He said "the greatest certainty now is the uncertainty and the greatest predictability now is the unpredictability".

Still, non-Chinese companies continue to complain about access, with 80 percent of U.S. companies saying foreign firms feel less welcome in a recent American Chamber of Commerce in China survey.

Taiwan has pressed for a deal for years, and two-way trade of $86.9 billion in 2015 favored the island's manufactured exports.

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However, most commentators envisage years of negotiation before Britain will have fully disentangled itself from the EU. Mrs May's speech came after months of criticism that she was not being sufficiently transparent about the process.

He was accompanied by politicians from both the ruling party and the opposition Nationalists, and has met USA lawmakers including Republican Rep. Ed Royce, chair of the House Foreign Relations Committee, and Republican Sen.

Nor would the US economy escape unscathed: state-controlled media have warned the incoming Trump administration that Beijing has a "big stick" to punish USA companies that sell goods and services to China.

China is the world's second-biggest importer of both goods and commercial services, meaning its economic performance has a big knock-on impact around the world.

The head of China's largest online seller Alibaba does not think China and the United States will have a trade war despite comments from the Trump administration.

"A trade war between China and the US seems inevitable", Pang Zhongying, an expert on USA affairs at Renmin University of China, told the South China Morning Post.

But, others in China are still hoping for the best, expecting China and the U.S.to be able to work out their differences as they have done in the past.

Steven Mnuchin, nominated for Treasury secretary, has made few declarations on trade.

Analysts of Swiss bank UBS also pointed to China's mounting debt as a major financial risk to growth, noting that the country's debt-to-GDP ration had risen to 277 percent at the end of 2016 from 254 percent the previous year, with an increasing share of new credit being used to pay debt servicing costs.

This is a time of uncertainty.