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China-US Tariffs/Experts
FILE: Guangxi Zhuang Autonomous Region, China - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots of port, containers
2. Various of containers
3. Loaded truck leaving port
Beijing, China - March 22, 2018 (CCTV - No access Chinese mainland)
4. SOUNDBITE (Chinese) Zhang Monan, researcher, China Center for International Economic Exchanges (starting with shot 3, partially overlaid with shot 5):
"Suppose if the U.S. raises tariffs on China, then the cost for China's imports of raw material from other countries and products exported to other parties will all increase, which will bring considerable harm to global trade and consumers' interest."
++SHOT OVERLAYING SOUNDBITE++
5. Zhang during interview
++SHOT OVERLAYING SOUNDBITE++
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
6. Aerial shots of city, traffic
FILE: Shanghai, east China - Date Unknown (CCTV - No access Chinese mainland)
7. Various of Bund view, Oriental Pearl Tower, buildings, flags
8. Various of steel production
9. Steel cylinders
10. Various of staff at Copyright Protection Center of China
Beijing, China - March 22, 2018 (CCTV - No access Chinese mainland)
11. SOUNDBITE (Chinese) Tu Xinquan, economics professor, University of International Business and Economics (starting with shot 10, partially overlaid with shot 12):
"Apple Inc.'s iPhone is a classic example of how an item is produced in the global value chain. China creates its increment of value mainly in assembly. Usually our increment of value is at six percent, which leaves 94 percent of the value coming from other countries. But when it comes to value of trade it just reflects its 100 percent Chinese export. So this is something we should pay attention to while trying to understand this trade deficit."
++SHOT OVERLAYING SOUNDBITE++
12. Tu during interview
++SHOT OVERLAYING SOUNDBITE++
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
13. Workers at port
14. Aerial shots of port, containers
Chinese experts on Thursday denounced recent U.S. trade actions against China, saying they will not only hurt bilateral economic relations, but also trade and consumers in the wider world.
They made the remarks as the Trump administration launched a unilateral investigation into China's trade policies and practices under the Section 301 of the U.S. Trade Act.
Washington is reportedly considering tariffs on 30-60 billion U.S. dollars of annual Chinese imports for China's alleged "unfair trade practices."
Chinese economists said that because of the status shared by the two countries in global economy and trade, a trade restriction will surely cause a deep ripple effect in the world economy.
"If the U.S. raises tariffs on China, then the cost for China's imports of raw material from other countries and products exported to other parties will all increase, which will bring considerable harm to global trade and consumers' interest," said Zhang Monan, a researcher at the China Center for International Economic Exchanges.
Economists like Zhang further pointed out that while the U.S. took on a path of protectionism, China have been actively opening up in recent years. It has proactively revised its Catalogue of Industries for Guiding Foreign Investment multiple times to reduce restrictive terms from 117 in 2011 to 63. It has also been focusing on perfecting legislation on intellectual property protection.
The root cause of China's trade surplus with the United States is the two countries' economic structure and international division of labor, according to Tu Xinquan, a professor at Beijing's University of International Business and Economics.
"Apple Inc.'s iPhone is a classic example of how an item is produced in the global value chain. China creates its increment of value mainly in assembly. Usually our increment of value is at six percent, which leaves 94 percent of the value coming from other countries. But when it comes to value of trade it just reflects its 100 percent Chinese export. So this is something we should pay attention to while trying to understand this trade deficit," said Tu.
China-US Tariffs/Experts
Dateline : March 22, 2017/File
Location : Beijing,China
Duration : 1'50
FILE: Guangxi Zhuang Autonomous Region, China - Exact Date Unknown (CCTV - No access Chinese mainland)
1. Aerial shots of port, containers
2. Various of containers
3. Loaded truck leaving port
Beijing, China - March 22, 2018 (CCTV - No access Chinese mainland)
4. SOUNDBITE (Chinese) Zhang Monan, researcher, China Center for International Economic Exchanges (starting with shot 3, partially overlaid with shot 5):
"Suppose if the U.S. raises tariffs on China, then the cost for China's imports of raw material from other countries and products exported to other parties will all increase, which will bring considerable harm to global trade and consumers' interest."
++SHOT OVERLAYING SOUNDBITE++
5. Zhang during interview
++SHOT OVERLAYING SOUNDBITE++
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
6. Aerial shots of city, traffic
FILE: Shanghai, east China - Date Unknown (CCTV - No access Chinese mainland)
7. Various of Bund view, Oriental Pearl Tower, buildings, flags
8. Various of steel production
9. Steel cylinders
10. Various of staff at Copyright Protection Center of China
Beijing, China - March 22, 2018 (CCTV - No access Chinese mainland)
11. SOUNDBITE (Chinese) Tu Xinquan, economics professor, University of International Business and Economics (starting with shot 10, partially overlaid with shot 12):
"Apple Inc.'s iPhone is a classic example of how an item is produced in the global value chain. China creates its increment of value mainly in assembly. Usually our increment of value is at six percent, which leaves 94 percent of the value coming from other countries. But when it comes to value of trade it just reflects its 100 percent Chinese export. So this is something we should pay attention to while trying to understand this trade deficit."
++SHOT OVERLAYING SOUNDBITE++
12. Tu during interview
++SHOT OVERLAYING SOUNDBITE++
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
13. Workers at port
14. Aerial shots of port, containers
Chinese experts on Thursday denounced recent U.S. trade actions against China, saying they will not only hurt bilateral economic relations, but also trade and consumers in the wider world.
They made the remarks as the Trump administration launched a unilateral investigation into China's trade policies and practices under the Section 301 of the U.S. Trade Act.
Washington is reportedly considering tariffs on 30-60 billion U.S. dollars of annual Chinese imports for China's alleged "unfair trade practices."
Chinese economists said that because of the status shared by the two countries in global economy and trade, a trade restriction will surely cause a deep ripple effect in the world economy.
"If the U.S. raises tariffs on China, then the cost for China's imports of raw material from other countries and products exported to other parties will all increase, which will bring considerable harm to global trade and consumers' interest," said Zhang Monan, a researcher at the China Center for International Economic Exchanges.
Economists like Zhang further pointed out that while the U.S. took on a path of protectionism, China have been actively opening up in recent years. It has proactively revised its Catalogue of Industries for Guiding Foreign Investment multiple times to reduce restrictive terms from 117 in 2011 to 63. It has also been focusing on perfecting legislation on intellectual property protection.
The root cause of China's trade surplus with the United States is the two countries' economic structure and international division of labor, according to Tu Xinquan, a professor at Beijing's University of International Business and Economics.
"Apple Inc.'s iPhone is a classic example of how an item is produced in the global value chain. China creates its increment of value mainly in assembly. Usually our increment of value is at six percent, which leaves 94 percent of the value coming from other countries. But when it comes to value of trade it just reflects its 100 percent Chinese export. So this is something we should pay attention to while trying to understand this trade deficit," said Tu.
ID : 8076613
Published : 2018-03-23 10:28
Last Modified : 2019-03-15 23:51:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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