China and the United States release the signal to restart negotiations, while considering overweight and restrictions on Chinese capital

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 China and the United States release the signal to restart negotiations, while considering overweight and restrictions on Chinese capital


Chinas Ministry of Commerce spokesman, 22, responded by saying that the Chinese side has received information from the US side wishing to come to Beijing for consultations on economic and trade issues, and the Chinese side welcomes this. Two senior observers who had been close to Sino US economic and trade negotiations said to the first financial reporter that only if the two sides sat down to negotiate the road to avoid a trade war. It seems that the United States is also aware that there is no winner in trade wars, and that it is the best choice to avoid trade wars through negotiations. But they do not think that this means the end of the dispute between China and the United States, it will not be so simple. There will be a process to look at the outcome of this round of negotiations. It is not ruled out that there will be more rounds of negotiations before the United States formally impose tariffs in June and July this year. IMF and the world banks spring meeting Rong Danie (ROSEN), the author of the Sino US foreign direct investment report (RhodiumGroup) and head of the Chinese team, said in an interview with the first financial reporter that in the past 30 years, China and the United States have a friendly partnership. Release bona fide. Sino US negotiations seemed to have a turning point, but did not enter the stage of pragmatism. In the previous week, a number of American media reported that the Trump administration would announce a $100 billion tax increase on China this week, and President Trump himself confirmed the use of the 1977 international emergency economic power act (InternationalEmergencyEconomicPowersAct, hereinafter referred to as the emergency power act). ), take restrictive measures aimed at Chinese enterprises investing in the US. Another case occurred in the same period. The Wall Street Journal reported that ZTE will have the opportunity to submit more evidence to the US Department of Commerce. In the early morning of 17, the US Ministry of Commerce announced that the US government banned the purchase of sensitive products from ZTE to US companies for a period of 7 years because of the false statements made by ZTE to American officials, which almost made the hundreds of billions of Chinese scientific and technological enterprises immediately in trouble. Although the US has released a dual tone signal, the aforementioned people believe that it is far from being able to talk about the issue at a pragmatic level. In the early morning of March 23rd, Trump signed the memorandum on the grounds of intellectual property rights and announced three measures on the basis of the results of the 301 investigation, one of which was to restrict Chinese enterprises to invest in the United States. Trump also authorized the US Treasury to issue a plan within 60 days. Then, China and the United States began to play a multi round game. According to a former observer, it is hard to say that Sino US economic and trade relations have been relieved. But the other analysis said that the United States did not want to play a one thousand self - loss eight hundred trade war, if the outcome was eight hundred self - loss of one thousand will be less. This is also the way China will try to avoid it. Of course, if this round can be the best, it will be a great benefit for the economic growth and global economic growth this year. I hope that both sides have gone through a lot of words and words to fully explain their positions until they enter a pragmatic bargaining stage, and can finally reach a compromise and avoid the result of double loss. Mnuchin said on the 22 day that he could not disclose more details, and there was no specific timetable for dialogue. During the annual meeting, he met with the president of the new peoples Bank of China who came to attend the meeting. The two talks focused on monetary policy and financial cooperation, including Chinas further opening up the financial services market, such as banking and insurance, to the world. IMF and the world banks spring meeting The emergency power bill limits Chinese investment to the United States In the past week, the U.S. Department of Commerce announced that it had banned American companies from selling electronic technology or communication components to ZTE less than 24 hours after the U. S. Commerce Department announced that it had imposed temporary anti-dumping measures on the imported sorghum imported from the United States. On the 17 day, the Department of Commerce of the United States announced another two measures: launched anti-dumping and countervailing investigations on the products of steel wheel hub produced in China, and there was a subsidy for the first general-purpose aluminum alloy plate imported from China. If the above you come to me is only a regular action, the US Treasury, on the 19 day, revealed the US governments practical way of restricting Chinese investment to the United States: the US government is assessing the possibility of starting an emergency power act against Chinas investment. Talbot, an assistant minister for international markets and investments in the US finance, said this was part of the Trump administrations response to the 301 survey. Eisen Star, the White House economic adviser, said EverettEissenstat could protect technology that was viewed as strategic by the United States through this policy. The act of emergency power gives the president a great power to declare the state in a state of emergency in the face of unusual and great danger and to impose unrestricted customs duties, and in the act, the definition of state of emergency is unusually vague and the United States has used the bill in history. Some Latin American countries have been dealt with. Rong DNIe pointed out that it is not important that there is no international law in the field of direct investment, unlike WTO, an arbitral body in international trade. In March 12th, Broadcom made a hostile takeover of Qualcomm (Qualcomm) totaling $142 billion, which was eventually terminated by Trump on the ground of national security. A number of people engaged in cross-border mergers and acquisitions in the United States told first financial reporters that this is a significant signal. It is expected that in the future, Chinese companies investing in the United States will suffer more and more protectionism, and risks and costs will increase sharply. Orlins (StephenA.Orlins), chairman of the National Committee for the United States and China relations, said to the first financial reporter that Sino US relations are at a very difficult time, and the challenges facing the China and the United States are mainly from the strategic level of national security. Many U.S. congressmen believe that Chinas failure to fulfill all the terms after Chinas entry into the WTO has disappointing the United States, which has led to a change in the United States support for China in many fields. Orlins said he did not agree with this view, but I am afraid there are not many people in the United States who hold such views. Rong Danie looked forward to the trend of bilateral direct investment in 2018 to the first financial journalists at the April 18th 2018 Sino US direct investment trend round table seminar. He said that the 2018 Sino US investment will become more and more difficult because of the US policy environment, and it is hoped that the policy environment of bilateral direct investment will be further improved. American policymakers need to take into account the interests of American companies in China, and the Chinese government should be more cautious in order to reduce investors worries about selling assets for policy risks. The US government supports CFIUS expansion Talbot also pointed out another important measure, that the US Treasury is working with the US Congress to pass a bill related to the CFIUS, which is now known as the FIRRMA. Talbot said that the expansion of CFIUS could expand the examination of sensitive transactions without causing comprehensive control over all transactions. Ron dnnie listed the four key points of CFIUSs expansion: in FIRRMA, for specific technology, if the foreign ownership is less than 10%, it should be included in the review; at the same time, there should be a special review of hostile countries; a review of the real estate purchase and leasing business near the infrastructure and military facilities; and the dilution of the safe port ( SafeHarbor) the relevant provisions and so on. Talbot said that the CFIUS legislation would not overlap with us export restrictions and that export restrictions are still an effective measure to limit the export of technology. It should be pointed out that even before the trade friction between China and the United States, Chinas investment in the US has dropped sharply. According to the report of the Rong Ding Group, Chinas newly announced investment intention to the United States was reduced by 90% year on year in 2017, and the actual amount of new investment transactions has been reduced by 74%. Meanwhile, in the 1~2 month of 2018, Chinas investment in the United States continued to decline over the same period of 1 billion 200 million US dollars, and the volume of investment transactions in queuing for trading was also at the lowest point in nearly three years: $5 billion. Rong Danie believes that the sudden drop in 2017 is related to Chinas control of irrational foreign investment, and CFIUS is not the main cause; this year there may be a reversal (that is, the CFIUS will have a greater role). In an interview with the first financial reporter, Ross (LesterRoss), a senior partner at the Beijing Representative Office of China and the German law firm, said CFIUS was limited to China, but the restrictions were not as big as the outside world thought. Ross said that in a deal he had done last year, China wanted to buy a car company, which made both military and civilian cars, basically in the same factory, but eventually divided it into two, and finally got the CFIUS release, so its possible to do it. Ross said he also believed that the law would be more restrictive. Behind this bill, there is strong support from the two parties. This is the first time that CFIUS has faced reform since 2007. In the current Congress of the two parties confronting the Democratic Party and the Republican Party, FIRRMA has rarely received bipartisan support. The first financial reporter consulted CFIUSs annual report from 2001 to 2016. Since 2007, the cases and cases of failure of the Chinese enterprises to buy the United States have increased year by year, and the proportion of the Chinese enterprises to be examined and traded has risen from 1.56% in 2005 to 21.6% in 2013. In 2012 and 2013, the number of Chinese funded cases increased sharply, ranking first among all countries. In 2017, the latest CFIUS2015 annual report showed that although investment did not enter the top ten, Chinese companies became the most CFIUS censorship countries for fourth consecutive years in 2015, and in 2015, CFIUS reviewed 29 trading in the United States, the number in 2014 or 24. This article source: a financial net editor: Guo Ping _B7442 The first financial reporter consulted CFIUSs annual report from 2001 to 2016. Since 2007, the cases and cases of failure of the Chinese enterprises to buy the United States have increased year by year, and the proportion of the Chinese enterprises to be examined and traded has risen from 1.56% in 2005 to 21.6% in 2013. In 2012 and 2013, the number of Chinese funded cases increased sharply, ranking first among all countries. In 2017, the latest CFIUS2015 annual report showed that although investment did not enter the top ten, Chinese companies became the most CFIUS censorship countries for fourth consecutive years in 2015, and in 2015, CFIUS reviewed 29 trading in the United States, the number in 2014 or 24.