Beijing is unlikely to give in to all the demands from Washington in exchange for the elimination of U.S. tariffs on Chinese exports, Victor Gao from the Center for China and Globalization told CNBC.
"China will not surrender to the United States as far as the trade war is concerned," Gao said, adding that tariffs are being paid by American consumers and businesses, which would ultimately drag down productivity in the U.S.
The U.S. has longstanding concerns over Beijing's trade practices, including theft of American intellectual property and forced technology transfers. "No company, in my best judgment, can survive if they walk away from the Chinese market. The Chinese consumers' market is already the largest market in the world," he said.When asked about what investors should take away as 2020 approaches, Gao said they should keep their faith in China. He explained that companies like Huawei and others are leading names globally in terms of their technological developments.
Over the medium-to-long term, global investors are still interested in investing in China, according to Adam Balukonis, executive director and head of Greater China Index for client coverage at MSCI, who shared the stage with Gao.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Beijing tariff demands may expand U.S.-China 'phase one' trade deal significantlyA 'phase one' trade deal between the United States and China was suppo...
Baca lebih lajut »
Beijing tells US to stop 'flexing muscles' in South China Sea as it sends new carrierChina's Defense Minister told his US counterpart that Washington must stop 'flexing its muscles' in the South China Sea. At the same time, China announced that its new domestically produced aircraft carrier was headed there.
Baca lebih lajut »
China calls on U.S. to 'stop flexing muscles' in South China SeaChina on Monday called on the U.S. military to stop flexing its muscles in the S...
Baca lebih lajut »
U.S. Senate passes HK rights bill backing protesters, angers BeijingThe U.S. Senate unanimously passed legislation on Tuesday aimed at protecting hu...
Baca lebih lajut »
U.S. Senate passes Hong Kong rights bill backing protesters, angers BeijingThe U.S. Senate, in a unanimous vote, passed legislation on Tuesday aimed at pro...
Baca lebih lajut »
Bei Bei, an American-born panda, leaves Washington for ChinaA specially equipped Boeing 777 jet took off from Dulles International Airport on Tuesday carrying a true Washington celebrity: Bei Bei, a 4-year-old giant panda. Visitors to Washington’s National Zoo have watched him grow up since Day One. Under terms of the zoo’s agreement with the Chinese government
Baca lebih lajut »