China/USA-Open Letter/Experts

U.S. policy against China not functional to realize its goals: Goldstein

  • English
  • Español

Shotlist


FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of Tian'anmen Square, Chinese national flag

FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
2. U.S. national flag
3. White House

Cambridge, Massachusetts, USA - July 6, 2019 (CGTN - No access Chinese mainland)
4. SOUNDBITE (English) Steven Goldstein, associate professor, Fairbank Center for China Studies, Harvard University (ending with shots 5-7):
"The real story in this letter is the fact that a large number of American specialists on Asia who have very different views about China and about how to approach China, have agreed that the way in which policy is being made today in the U.S. government is not functional in terms of realizing the goals of the United States and really the goals of China."

FILE: New York City, USA - Date Unknown (CCTV - No access Chinese mainland)
5. Various of traffic, pedestrians

FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
6. Aerial shot of cityscape
7. Skyscrapers

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
8. Various of workers in factory
9. Various of products on production line

Cambridge, Massachusetts, USA - July 6, 2019 (CGTN - No access Chinese mainland)
10. SOUNDBITE (English) Steven Goldstein, associate professor, Fairbank Center for China Studies, Harvard University:
"The ordinary people in the United States have benefited from China's rise, not only in the provision of inexpensive household goods and inexpensive electronic goods, but also in terms of interest rates, because China buys U.S. debt, and the extent of China's purchase of U.S. debt has kept interest rates down."

FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
11. Various of sign of China (Shanghai) Pilot Free Trade Zone

Beijing, China - July 6, 2019 (CGTN - No access Chinese mainland)
12. SOUNDBITE (Chinese) Xu Qinduo, senior fellow, Pangoal Institution:
"Of course China benefited from participating closely in the international system and opening up to the outside world. And also remember, many people forget or ignored that the U.S. side also benefited greatly from the rise of China, from the economic boost of China."

Beijing, China - July 5, 2019 (CGTN - No access Chinese mainland)
13. Graphic showing comment of Thomas Donilon, former U.S. national security adviser
14. Graphic showing comment of Mark Carney, governor of Bank of England
15. Graphics showing study from Bloomberg Economics

FILE: China - Exact Date and Location Unknown (CGTN - No access Chinese mainland)
16. Various of port scenes

Storyline


The U.S. government's policy against China is not a functional way to realize its goals, according to Steven Goldstein in an open letter to U.S. President Donald Trump and members of the Congress, which was published in Washington Post on Wednesday.

Co-signed by nearly 100 people from American academic, diplomatic, military and business circles, the open letter said the growing deterioration in U.S.-China relations does not serve American or global interests.

Goldstein, an associate professor at Harvard University's Fairbank Center for China Studies, hopes this letter will urge the U.S. government to change its policy-making process.

"The real story in this letter is the fact that a large number of American specialists on Asia who have very different views about China and about how to approach China, have agreed that the way in which policy is being made today in the U.S. government is not functional in terms of realizing the goals of the United States and really the goals of China," said Goldstein.

He disapproves of the U.S. policy to treat China as an enemy and decouple it from the global economy, stating instead that the U.S. has benefited a lot from China's development.

"The ordinary people in the United States have benefited from China's rise, not only in the provision of inexpensive household goods and inexpensive electronic goods, but also in terms of interest rates, because China buys U.S. debt, and the extent of China's purchase of U.S. debt has kept interest rates down," said Goldstein.

Xu Qinduo, a senior fellow with the think-tank Pangoal Institution, agrees with Goldstein's view, saying that the problem is that many people have forgotten or even ignored the benefits brought about by China's development.

"Of course China benefited from participating closely in the international system and opening up to the outside world. And also remember, many people forget or ignore that the U.S. side also benefited greatly from the rise of China, from the economic boost of China," said Xu.

More voices are also speaking against the trade war. Thomas Donilon, a former U.S. national security adviser, said tariffs, "are hurting U.S. businesses, consumers, and farmers," while alienating the U.S.' allies.

Moreover, the governor of the Bank of England Mark Carney warned that the trade war could "shipwreck" the global economy.

According to a Bloomberg Economics study, if the trade war between the U.S. and China continues to escalate, it could shave 600 billion dollars annually off of global output within two years. The study also found that a further cycle of tariff escalation could cause worldwide GDP to fall 0.6 percent by mid-2021.

DOWNLOAD
  • ID : 8115340
  • Dateline : July 5/6, 2019/File
  • Location : Beijing,China United States
  • Category : economy, business and finance
  • Duration : 2'42
  • Audio Language : English/Nats
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Published : 2019-07-07 10:23
  • Last Modified : 2019-07-07 16:20:00
  • Version : 1
  • ID : 8115340
  • Dateline : 5/6 jul. 2019/Archivo
  • Location : Beijing,China Estados Unidos
  • Category : economy, business and finance
  • Duration : 2'42
  • Audio Language : Inglés/Nats
  • Source : China Central Television (CCTV)
  • Restrictions : No acceso a la parte continental de China
  • Published : 2019-07-07 16:12
  • Last Modified : 2019-07-07 16:20:00
  • Version : 1

China/USA-Open Letter/Experts

U.S. policy against China not functional to realize its goals: Goldstein

Dateline : July 5/6, 2019/File

Location : Beijing,China United States

Duration : 2'42

  • English
  • Español


FILE: Beijing, China - Date Unknown (CCTV - No access Chinese mainland)
1. Various of Tian'anmen Square, Chinese national flag

FILE: Washington D.C., USA - Date Unknown (CCTV - No access Chinese mainland)
2. U.S. national flag
3. White House

Cambridge, Massachusetts, USA - July 6, 2019 (CGTN - No access Chinese mainland)
4. SOUNDBITE (English) Steven Goldstein, associate professor, Fairbank Center for China Studies, Harvard University (ending with shots 5-7):
"The real story in this letter is the fact that a large number of American specialists on Asia who have very different views about China and about how to approach China, have agreed that the way in which policy is being made today in the U.S. government is not functional in terms of realizing the goals of the United States and really the goals of China."

FILE: New York City, USA - Date Unknown (CCTV - No access Chinese mainland)
5. Various of traffic, pedestrians

FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
6. Aerial shot of cityscape
7. Skyscrapers

FILE: China - Exact Date and Location Unknown (CCTV - No access Chinese mainland)
8. Various of workers in factory
9. Various of products on production line

Cambridge, Massachusetts, USA - July 6, 2019 (CGTN - No access Chinese mainland)
10. SOUNDBITE (English) Steven Goldstein, associate professor, Fairbank Center for China Studies, Harvard University:
"The ordinary people in the United States have benefited from China's rise, not only in the provision of inexpensive household goods and inexpensive electronic goods, but also in terms of interest rates, because China buys U.S. debt, and the extent of China's purchase of U.S. debt has kept interest rates down."

FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
11. Various of sign of China (Shanghai) Pilot Free Trade Zone

Beijing, China - July 6, 2019 (CGTN - No access Chinese mainland)
12. SOUNDBITE (Chinese) Xu Qinduo, senior fellow, Pangoal Institution:
"Of course China benefited from participating closely in the international system and opening up to the outside world. And also remember, many people forget or ignored that the U.S. side also benefited greatly from the rise of China, from the economic boost of China."

Beijing, China - July 5, 2019 (CGTN - No access Chinese mainland)
13. Graphic showing comment of Thomas Donilon, former U.S. national security adviser
14. Graphic showing comment of Mark Carney, governor of Bank of England
15. Graphics showing study from Bloomberg Economics

FILE: China - Exact Date and Location Unknown (CGTN - No access Chinese mainland)
16. Various of port scenes


The U.S. government's policy against China is not a functional way to realize its goals, according to Steven Goldstein in an open letter to U.S. President Donald Trump and members of the Congress, which was published in Washington Post on Wednesday.

Co-signed by nearly 100 people from American academic, diplomatic, military and business circles, the open letter said the growing deterioration in U.S.-China relations does not serve American or global interests.

Goldstein, an associate professor at Harvard University's Fairbank Center for China Studies, hopes this letter will urge the U.S. government to change its policy-making process.

"The real story in this letter is the fact that a large number of American specialists on Asia who have very different views about China and about how to approach China, have agreed that the way in which policy is being made today in the U.S. government is not functional in terms of realizing the goals of the United States and really the goals of China," said Goldstein.

He disapproves of the U.S. policy to treat China as an enemy and decouple it from the global economy, stating instead that the U.S. has benefited a lot from China's development.

"The ordinary people in the United States have benefited from China's rise, not only in the provision of inexpensive household goods and inexpensive electronic goods, but also in terms of interest rates, because China buys U.S. debt, and the extent of China's purchase of U.S. debt has kept interest rates down," said Goldstein.

Xu Qinduo, a senior fellow with the think-tank Pangoal Institution, agrees with Goldstein's view, saying that the problem is that many people have forgotten or even ignored the benefits brought about by China's development.

"Of course China benefited from participating closely in the international system and opening up to the outside world. And also remember, many people forget or ignore that the U.S. side also benefited greatly from the rise of China, from the economic boost of China," said Xu.

More voices are also speaking against the trade war. Thomas Donilon, a former U.S. national security adviser, said tariffs, "are hurting U.S. businesses, consumers, and farmers," while alienating the U.S.' allies.

Moreover, the governor of the Bank of England Mark Carney warned that the trade war could "shipwreck" the global economy.

According to a Bloomberg Economics study, if the trade war between the U.S. and China continues to escalate, it could shave 600 billion dollars annually off of global output within two years. The study also found that a further cycle of tariff escalation could cause worldwide GDP to fall 0.6 percent by mid-2021.

ID : 8115340

Published : 2019-07-07 10:23

Last Modified : 2019-07-07 16:20:00

Source : China Central Television (CCTV),China Global Television Network (CGTN)

Restrictions : No access Chinese mainland

More



Login
Username
Password
code
Sign In
OK