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Commentary: China-USA Trade Talks
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
1. Chinese President Xi Jinping (R) shaking hands with U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin
2. Various of meeting in progress
3. Various of quotes from translated version of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: China - Exact Date and Location Unknown (CCTV- No access Chinese mainland)
4. Various of car assembly lines
5. Various of workers, chip production line
FILE: Iowa, USA - Nov 2017 (CCTV - No access Chinese mainland)
6. Soybean fields
7. Combine harvester offloading soybeans to truck
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
8. Various of quotes from translated version of CMG commentary
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. RMB banknotes going through cash counting machine
10. Bank clerk counting RMB banknotes
11. Various of bank clerks counting U.S. dollar banknotes
FILE: Los Angeles, USA - Nov 9, 2017 (CCTV - No access Chinese mainland)
12. Various of containers at port
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
13. Animations showing growth rate of U.S. investment to China; quotes from joint statement of U.S. experts on China affairs, former politicians
FILE: Shanghai Municipality, east China - July 2017 (CCTV - No access Chinese mainland)
14. Various of passengers at airport, sign reading "departure"
FILE: Los Angeles, California, USA - April 2017 (CCTV - No access Chinese mainland)
15. Various of Chinese tourists visiting Hollywood, taking pictures
FILE: New York City, USA - July 12, 2018 (CGTN - No access Chinese mainland)
16. Various of pedestrians
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
17. Animations showing personal exchanges between China, USA
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
18. Aerial shot of Tian'anmen Rostrum
19. Tian'anmen Rostrum
20. Chinese national emblem, flags on building of Great Hall of the People
FILE: Washington, D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
21. Various of White House
22. U.S. national flag
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
23. Various of quotes from translated version of CMG commentary
FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
24. Various of port scene
The latest round of high-level trade talks between China and the United States in Beijing have taken a big step forward to resolving the issues between the two sides, according to a commentary piece published on the website of China Radio International (CRI) under the China Media Group (CMG) on Friday.
The following is an edited translation of the commentary:
The sixth round of high-level economic and trade consultations between China and the U.S. wrapped up in Beijing on Friday, with China's President Xi Jinping meeting the U.S. delegation for the first time since the tensions between the two countries first escalated in February last year.
President Xi repeatedly spoke of "cooperation" during the meeting and said China had always hoped that the dispute could be resolved through such means of goodwill and sincerity. He also pointed out the importance of the principled manner of cooperation and said that China's core interests aren't on the table to be traded away.
The meeting between Xi and the delegation led by the U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin marks a big step forward and also indicates the fact that the two heads of state have always played a key leading role in properly solving the China-U.S. trade tensions.
Since the bilateral trade tensions escalated last year, the two state leaders have talked twice on the phone and met once in Argentina (at the G20 summit in Buenos Aires in December), reaching significant consensuses to ease the trade tensions, such as stopping imposing new tariffs.
Under the guidance of these consensuses reached between the two leaders, delegations of the two countries have stepped up trade consultations in the recent three months.
During the latest round of consultations in Beijing, both sides held in-depth exchanges on topics such as technology transfers, intellectual property protections, non-tariff barriers, agriculture policy, the balance of trade, and the implementation mechanism for a final deal. Based on the information that is available, it seems that the area of common ground is growing, while the list of differences is shrinking.
The two sides also sketched out a memorandum of understanding, which suggests that the talks have reached the stage of drafting up an agreement that could serve as a framework for a potential deal, which is an encouraging development. And both sides have decided to continue talks in Washington next week, which is a further sign that both are keen to reach a deal before the March 1 deadline.
As the world's first and second largest economic entities, China and the U.S. have now been making progress in solving their trade tensions not only in line with their own interests but also to meet the demand of the global market.
In January this year, the U.S. investment volume to China grew 124.6 percent year on year, the highest growth rate among investment countries to China. Meanwhile, 17 U.S. experts on China affairs and former politicians made a joint statement saying that a hostile China-U.S. relationship is in the interest of no-one. The U.S. should look to not overreact to China's actions, but instead seek more fields for cooperation with China.
This steady progress not only serves the interests of the countries on either side of the negotiating table, but also benefits the rest of the world. Major stock markets went higher ahead of and immediately after the new round of talks, signaling that global market players are looking forward to both countries reaching a deal.
Just as Rome wasn't built in a day, the complicated economic and trade issues between the world's two major economies can't be entirely solved within months. The 40-year-long diplomatic relationship has had its moments of crisis, but these have been defused thanks to the wisdom of the leadership from both sides. The news spreading from the U.S. that the two leaders will soon meet again gives the world more reasons for optimism that the two sides will come to reach a fair and mutually beneficial agreement.
In the past 40 years, the two sides have become each other's largest trade partners and major investment destinations. Every day, more than 14,000 people travel between the two countries by air. Every year, more than 5.3 million trips are made between the two states for personal exchanges.
The Three Joint Communiques between China and the U.S. (the first of which dates back to 1972) combined alongside the good working relationship and significant consensuses reached between the two heads of states will all serve as the basic guideline for solving the trade tensions and help to properly handle bilateral relations going forward.
As long as the two sides work together with each other and look for ways to expand cooperation and reduce their differences, they will be able to turning crisis into opportunity and realize a win-win result.
Commentary: China-USA Trade Talks
Dateline : Feb 15, 2019/File
Location : China
Duration : 3'35
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
1. Chinese President Xi Jinping (R) shaking hands with U.S. Trade Representative Robert Lighthizer, Treasury Secretary Steven Mnuchin
2. Various of meeting in progress
3. Various of quotes from translated version of China Media Group (CMG) commentary on chinaplus.cri.cn
FILE: China - Exact Date and Location Unknown (CCTV- No access Chinese mainland)
4. Various of car assembly lines
5. Various of workers, chip production line
FILE: Iowa, USA - Nov 2017 (CCTV - No access Chinese mainland)
6. Soybean fields
7. Combine harvester offloading soybeans to truck
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
8. Various of quotes from translated version of CMG commentary
FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
9. RMB banknotes going through cash counting machine
10. Bank clerk counting RMB banknotes
11. Various of bank clerks counting U.S. dollar banknotes
FILE: Los Angeles, USA - Nov 9, 2017 (CCTV - No access Chinese mainland)
12. Various of containers at port
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
13. Animations showing growth rate of U.S. investment to China; quotes from joint statement of U.S. experts on China affairs, former politicians
FILE: Shanghai Municipality, east China - July 2017 (CCTV - No access Chinese mainland)
14. Various of passengers at airport, sign reading "departure"
FILE: Los Angeles, California, USA - April 2017 (CCTV - No access Chinese mainland)
15. Various of Chinese tourists visiting Hollywood, taking pictures
FILE: New York City, USA - July 12, 2018 (CGTN - No access Chinese mainland)
16. Various of pedestrians
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
17. Animations showing personal exchanges between China, USA
FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
18. Aerial shot of Tian'anmen Rostrum
19. Tian'anmen Rostrum
20. Chinese national emblem, flags on building of Great Hall of the People
FILE: Washington, D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
21. Various of White House
22. U.S. national flag
Beijing, China - Feb 15, 2019 (CCTV - No access Chinese mainland)
23. Various of quotes from translated version of CMG commentary
FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
24. Various of port scene
The latest round of high-level trade talks between China and the United States in Beijing have taken a big step forward to resolving the issues between the two sides, according to a commentary piece published on the website of China Radio International (CRI) under the China Media Group (CMG) on Friday.
The following is an edited translation of the commentary:
The sixth round of high-level economic and trade consultations between China and the U.S. wrapped up in Beijing on Friday, with China's President Xi Jinping meeting the U.S. delegation for the first time since the tensions between the two countries first escalated in February last year.
President Xi repeatedly spoke of "cooperation" during the meeting and said China had always hoped that the dispute could be resolved through such means of goodwill and sincerity. He also pointed out the importance of the principled manner of cooperation and said that China's core interests aren't on the table to be traded away.
The meeting between Xi and the delegation led by the U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin marks a big step forward and also indicates the fact that the two heads of state have always played a key leading role in properly solving the China-U.S. trade tensions.
Since the bilateral trade tensions escalated last year, the two state leaders have talked twice on the phone and met once in Argentina (at the G20 summit in Buenos Aires in December), reaching significant consensuses to ease the trade tensions, such as stopping imposing new tariffs.
Under the guidance of these consensuses reached between the two leaders, delegations of the two countries have stepped up trade consultations in the recent three months.
During the latest round of consultations in Beijing, both sides held in-depth exchanges on topics such as technology transfers, intellectual property protections, non-tariff barriers, agriculture policy, the balance of trade, and the implementation mechanism for a final deal. Based on the information that is available, it seems that the area of common ground is growing, while the list of differences is shrinking.
The two sides also sketched out a memorandum of understanding, which suggests that the talks have reached the stage of drafting up an agreement that could serve as a framework for a potential deal, which is an encouraging development. And both sides have decided to continue talks in Washington next week, which is a further sign that both are keen to reach a deal before the March 1 deadline.
As the world's first and second largest economic entities, China and the U.S. have now been making progress in solving their trade tensions not only in line with their own interests but also to meet the demand of the global market.
In January this year, the U.S. investment volume to China grew 124.6 percent year on year, the highest growth rate among investment countries to China. Meanwhile, 17 U.S. experts on China affairs and former politicians made a joint statement saying that a hostile China-U.S. relationship is in the interest of no-one. The U.S. should look to not overreact to China's actions, but instead seek more fields for cooperation with China.
This steady progress not only serves the interests of the countries on either side of the negotiating table, but also benefits the rest of the world. Major stock markets went higher ahead of and immediately after the new round of talks, signaling that global market players are looking forward to both countries reaching a deal.
Just as Rome wasn't built in a day, the complicated economic and trade issues between the world's two major economies can't be entirely solved within months. The 40-year-long diplomatic relationship has had its moments of crisis, but these have been defused thanks to the wisdom of the leadership from both sides. The news spreading from the U.S. that the two leaders will soon meet again gives the world more reasons for optimism that the two sides will come to reach a fair and mutually beneficial agreement.
In the past 40 years, the two sides have become each other's largest trade partners and major investment destinations. Every day, more than 14,000 people travel between the two countries by air. Every year, more than 5.3 million trips are made between the two states for personal exchanges.
The Three Joint Communiques between China and the U.S. (the first of which dates back to 1972) combined alongside the good working relationship and significant consensuses reached between the two heads of states will all serve as the basic guideline for solving the trade tensions and help to properly handle bilateral relations going forward.
As long as the two sides work together with each other and look for ways to expand cooperation and reduce their differences, they will be able to turning crisis into opportunity and realize a win-win result.
ID : 8103387
Published : 2019-02-16 17:43
Last Modified : 2019-02-17 18:31:00
Source : China Central Television (CCTV)
Restrictions : No access Chinese mainland
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