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Cablegate: Media Reaction: U.S.-China Trade Relations, Strategic

VZCZCXRO3205
RR RUEHCN RUEHGH RUEHVC
DE RUEHBJ #2994 3020909
ZNR UUUUU ZZH
R 290909Z OCT 09
FM AMEMBASSY BEIJING
TO RUEHC/SECSTATE WASHDC 6634
INFO RUEHOO/CHINA POSTS COLLECTIVE
RHMFIUU/CDR USPACOM HONOLULU HI

UNCLAS BEIJING 002994

DEPARTMENT FOR INR/R/MR, EAP/CM, EAP/PA, EAP/PD, C
HQ PACOM FOR PUBLIC DIPLOMACY ADVISOR (J007)
SIPDIS

E.O. 12958: N/A
TAGS: PREL ECON KMDR OPRC CH

SUBJECT: MEDIA REACTION: U.S.-CHINA TRADE RELATIONS, STRATEGIC
REASSURANCE, JCCT

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Editorial Quotes
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1. U.S.-CHINA TRADE RELATIONS

"U.S. intentions behind playing the 'steel card'"

Guangdong 21st Century Publishing Company Ltd.'s business newspaper
21st Century Business Herald (21Shiji Jingji Baodao)(10/29)(pg 2):
"On October 26 while in Guangzhou, the new U.S. Ambassador to China,
Jon Huntsman, said repeatedly that Sino-U.S. relations are
'positive, cooperative, and comprehensive,' and in their best period
ever. However, the trade disputes between the two countries seem to
be in full gear. As Assistant U.S. Trade Representative Timothy
Stratford noted while in Guangzhou in April, while other countries
are reducing their steel production as global demand for steel
falls, China's is increasing its steel production, which will have
an impact on other countries' market share. Under such
circumstances, other countries, including the U.S., will surely take
retaliatory measures. The U.S. tariffs, announced as they were so
soon before the JCCT, which is intended to prepare for the upcoming
visit of President Obama, have aroused more attention than previous
cases. The Assistant U.S. Trade Representative's comment also shows
that the U.S. is unwilling to open its market to others. When asked
about U.S. special protection measures on Chinese tire imports, both
the U.S. Ambassador and U.S. Secretary of Commerce Gary Locke said
that with more than $400 billion in bilateral trade each year having
differences over trade issues is inevitable, and therefore
negotiations are very important. The United States' move to impose
temporary tariffs on Chinese steel products shows that the U.S. is
laying all its cards on the negotiating table for the JCCT."

2. STRATEGIC REASSURANCE

"The U.S. must provide China with the necessary security guarantee"

The official Communist Party international news publication Global
Times (Huanqiu Shibao)(10/29)(pg 14): "Now is the time for the U.S.
to stop arms sales to Taiwan. If the U.S. really intends to improve
bilateral military relations, which reached their lowest point last
year, it should decide to stop arms sales to Taiwan now. Since
Obama's inauguration as President, the U.S. has not made any moves
on arms sales to Taiwan; however, it is still unclear whether or not
this is a long-term policy. The U.S. should let this good-will
gesture last. The Obama administration has put new demands on China
with the new phrase 'strategic reassurance.' In fact, the issue
should be whether or not the U.S. can provide strategic reassurance
to China. Washington's insecurity is caused by the U.S. itself.
For the U.S., making substantive promises to China is a problem of
'easier said than done.' Only when the U.S. cares for China's core
interests and leaves China room to develop can U.S.-China relations
achieve long-term peace and stability."

3. JCCT

"Locke came to China to prepare Obama's 'gift' for China; China
expects the U.S. to recognize its market economy status"

The Shanghai-based Shanghai Media Group (SMG) publication, China
Business News (Diyi Caijing)(10/29)(pg A1): "Experts commonly
believe that the Joint Commission on Commerce and Trade (JCCT) is a
warm up for the two countries' summit next month. What China is
most concerned about is whether or not Obama will acknowledge
China's market economy status during the visit. Zhou Shijian, a
Senior Research Fellow at Tsinghua University's Research Center on
Sino-U.S. relations, said optimistically that the U.S. is likely to
acknowledge China's market economy status at the JCCT. China will
not compromise on the RMB issue. The United States should not be
too greedy. The longer it holds on to the recognition of China's
market economy status card, the lower its value will be. In the
end, the U.S. will get nothing at all. Professor Chen Ping at
Peking University's National Development Research Institute said
that China made too many concessions when joining the WTO, and
argued that the U.S. should recognize China's market economy status
since the U.S. needs China's cooperation on the financial crisis.
The U.S. also needs China's support in implementing currency
stimulus policies and issuing more bonds. Professor Li Ling at
Peking University said that even if the U.S. acknowledges China's
market economy status, it is still likely to impose tariffs and
conduct countervailing investigations on Chinese products. So there
will not be much of a difference."


HUNTSMAN

© Scoop Media

 
 
 
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