China and the United States may also have the opportunity to cooperate in the field of space programs. Indeed, the use of a Chinese rocket to launch a U.S. commercial satellite (as in the case of Loral) has saved at least $50 million for U.S. space companies. Cooperation between the two countries in this area could bring enormous benefits to American businessmen. However, for political reasons, the U.S. government has banned this cooperation in the future. In early 1999, Washington refused to export a satellite to China for $450 million. However, with regard to bilateral trade relations, this agreement has not solved all the problems. Because of the differences between the two countries in terms of the social system, ideology, culture and, above all, the deterioration of bilateral political relations, Sino-U.S. Trade relations have been marred by tensions and disputes over the past decade. These problems will persist even after China formally joins the World Trade Organization and the United States grants PNTR status to China. From a Chinese perspective, there are four main questions: disagreement over the trade imbalance resulting from different methods of calculating trade figures; U.S.
economic sanctions against China and control of U.S. technology exports; so-called “monetary manipulation”; And human rights related to trade relations. China-U.S. Trade could remain a hot political issue in the United States and continue to weigh on bilateral relations. This essay aims to give the Amer ican public a Chinese perspective on these topics. I hope that this will facilitate mutual understanding, encourage both countries to regulate them at the labour level, and eventually defuse trade issues and remove them from all of China and the United States. The relationship. The agreement is more like an ongoing work than a polite statement. Partly because negotiators fought for the finalization of the agreement in November, before the meeting of trade ministers in Seattle, many sensitive sectors were colonized on the sidelines until the 11th hour of doodle.
China will abolish all existing market access and access activities in all service sectors. This will protect existing U.S. distribution services, financial, professional and other service providers in China, including those operating under contractual agreements or shareholder agreements or licenses, due to the gradual introduction of Chinese bonds. Despite the government`s rhetoric, his own analysis suggests that the U.S. trade deficit with China will spread after China`s entry into the WTO and will not shrink. The contradiction between the government`s assertions and its own economic analysis makes it impossible to take seriously its economic argument for the granting of sustainable trade concessions on the part of China. Similarly, year after year, foreign banks were ready to extend ever-increasing volumes of foreign currency lending to China.