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Ahead of the APEC summit in Shenzhen, differences emerged in high-level economic and trade calls between China and the United States. The outside world generally believes that the three meetings between Trump and Xi can only achieve limited progress, and it is difficult to achieve major breakthroughs.
upcoming in shenzhenAPEC For example, US President Trump and Chinese PresidentXi Jinping This year’s “Three Sichuan-Xi Meetings” is expected to start soon, but the top economic and trade leaders of China and the United States held a video call ahead of the meeting. Scholars analyzed that there are differences in high-level talks, and it may be difficult to achieve a major breakthrough in the three meetings between Sichuan and Xi.
Chinese Vice Premier He Lifeng met with the US Treasury Secretary on the evening of the 6thBesant Video call with business representative Greer. The United States urges China to meet its rare earth supply and agricultural product purchase commitments, while China has expressed serious concerns about recent US economic and trade sanctions against China.
Lianhe Zaobao reported that Sun Chenghao, an associate researcher at the Center for Strategic and Security Studies at Tsinghua University, believes that the latest high-level economic and trade call between China and the United States was a “contract fulfillment check” ahead of the Shenzhen meeting. After Trump lost the midterm elections, he needed to show results to American farmers and businesses, so he urged China to meet its purchase and supply commitments. China is concerned about whether the two sides can equally implement the consensus. “The direct disagreement between the two sides is on how to combine existing commitments with the next phase of cooperation.”
Luo Minghui, associate professor of public policy and global affairs at Nanyang Technological University in Singapore, said the call showed both sides stuck to their positions ahead of the meeting of heads of state. He hopes that the Shenzhen meeting will have some potential outcomes, such as more US-China trade, details on the Investment Council, progress in the field of artificial intelligence, etc., but it is unlikely to lead to a major breakthrough.
Fu Fangjian, associate professor of finance at the Lee Kong Chian Business School of Singapore Management University, pointed out that the United States is urging China to meet its purchase commitments, but for China, the two sides have reached a consensus on mutual tax cuts. The United States should adjust relevant tariffs and then ask China to expand purchases. In addition, the recent sanctions imposed by the United States on Chinese companies have not stopped. This unfriendly attitude is also one of the reasons why China has not purchased American agricultural products as the United States expected.
However, some scholars believe that the Shenzhen APEC summit will play an important forum role in stabilizing geopolitics. Hong Kong Ming Pao reported that Zheng Yongnian, president of the Guangzhou Guangdong-Hong Kong-Macao Greater Bay Area Research Institute and dean of the School of Public Policy at the Chinese University of Hong Kong (Shenzhen), believes that if China can sit down and negotiate with the United States and Russia, even if there is a minimum level of consensus, it will send a positive and peaceful signal to China, the United States, Russia, and even the world. Will send.
Summary FAQ
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The call focused on the implementation of existing commitments between the two sides. The United States urges China to implement its rare earth supply and agricultural product purchase commitments, while China expresses serious concern about the United States’ recent new economic and trade sanctions and sanctions.
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Many scholars pointed out that both sides still hold their respective positions ahead of the heads of state meeting, and key differences remain unresolved, especially on the alignment of commitments, tariff adjustment and procurement requirements. Therefore, there is a possibility of limited results from the talks.
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Scholars hope the talks could lead to progress in areas such as US-China trade, investment council details and artificial intelligence cooperation. These are “low hanging fruit” that are easy to achieve, but unlikely to lead to structural success.
