China-Tariff Exemption/Expert

China's exclusion lists to ease pressure on Chinese, Americans: expert

  • English

Shotlist


FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
1. Aerial shot of Bund
2. Skyscrapers

Beijing, China - Sept 11, 2019 (CCTV - No access Chinese mainland)
3. Screenshot of announcement of China's first exclusion list
4. Screenshot of China's first exclusion list
5. SOUNDBITE (English) John Gong, professor, University of International Business and Economics (partially overlaid with shots 6-18):
"Actually a lot of the items in that list of 16 products have something to do with lubricants, these are the use for the motor oil lubricants for motor engines, as well as the base oil that's used for making lubricants. There are two kinds of lubricants on this list, synthetic lubricants and also the mineral-based lubricants. These are Americans' very competitive products, we actually import a lot of these lubricants from the U.S. market. So I think this list, you know represents China's very sincere wish to try to alleviate the pressure on most American companies' export, as well as Chinese companies importing them. So I think this is a very good sign and it also sends a very good signal to the coming negotiation. I think the negotiations are already going on right now, but at least for the face-to-face meeting between the minister level meeting that's coming in, in October. I think this is a very, very good sign. We actually import less than what Americans import from us, so naturally, you know, you would expect a smaller list compared to the Americans' lists. I think it's worth noting that these exemptions are retrospective. In other words, Chinese companies are going to refund the tariffs that have already been imposed so far. That's a very good sign, very good sign for Chinese importers as well as American exporters."

++ SHOTS OVERLAYING SOUNDBITE ++
FILE: Beijing, China - May 25, 2018 (CCTV - No access Chinese mainland)
6. Various of cars queuing up for refueling at gas station

FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
7. Ningbo-Zhoushan Port scenes

FILE: Qingdao City, Shandong Province, east China - Date Unknown (CGTN - No access Chinese mainland)
8. Various of containers being unloaded at port

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of cranes, vessels at container terminal

FILE: Qingdao City, Shandong Province, east China - Date Unknown (CGTN - No access Chinese mainland)
10. Containers being unloaded at port

Beijing, China - Sept 11, 2019 (CGTN - No access Chinese mainland)
11. Animation showing China's first exclusion list

FILE: Huairen City, Shanxi Province, north China - Sept, 2018 (CGTN - No access Chinese mainland)
12. Various of harvester, truck on alfalfa field
13. Various of farmer harvesting alfalfa
14. Harvesters on field

FILE: Gloucester, State of Massachusetts, USA - Feb, 2019 (CCTV - No access Chinese mainland)
15. Various of staff members processing seafood

FILE: Florida, USA - Oct, 2017 (CGTN - No access Chinese mainland)
16. Workers putting lobsters into tank
17. Water in tank

FILE: Los Angeles, California, USA - Date Unknown (CCTV - No access Chinese mainland)
18. Various of port; containers
++ SHOTS OVERLAYING SOUNDBITE ++

FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
19. Various of Ningbo-Zhoushan Port scenes

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

Storyline


China's exclusion list will alleviate pressure on both Chinese importers and exporters of the United States, said a Chinese scholar on Wednesday.

China on Wednesday unveiled its first set of lists of the U.S. goods to be excluded from the first round of additional tariffs on the U.S. products.

The exemption will become effective on Sept. 17, according to the Customs Tariff Commission of the State Council.

Professor John Gong from the University of International Business and Economics shared his opinion on the significance of China's fresh exclusion list, saying that the 16 products on the list have related with lubricants.

"Actually a lot of the items in that list of 16 products have something to do with lubricants, these are the use for the motor oil lubricants for motor engines, as well as the base oil that's used for making lubricants. There are two kinds of lubricants on this list, synthetic lubricants and also the mineral-based lubricants. These are Americans' very competitive products, we actually import a lot of these lubricants from the U.S. market. So I think this list, you know represents China's very sincere wish to try to alleviate the pressure on most American companies' export, as well as Chinese companies importing them," said Gong.

As the U.S. and China will hold a high-level trade talks in October, this is a very good sign, said Gong.

"So I think this is a very good sign and it also sends a very good signal to the coming negotiation. I think the negotiations are already going on right now, but at least for the face-to-face meeting between the minister level meeting that's coming in, in October. I think this is a very, very good sign. We actually import less than what Americans import from us, so naturally, you know, you would expect a smaller list compared to the Americans' lists. I think it's worth noting that these exemptions are retrospective. In other words, Chinese companies are going to refund the tariffs that have already been imposed so far. That's a very good sign, very good sign for Chinese importers as well as American exporters," said Gong.

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  • ID : 8121456
  • Published : 2019-09-11 17:16
  • Last Modified : 2019-09-11 20:02:49
  • Location : Beijing,China
  • Category : economy, business and finance,politics
  • Duration : 1'46
  • Audio Language : English/Nats
  • Source : China Central Television (CCTV),China Global Television Network (CGTN)
  • Restrictions : No access Chinese mainland
  • Version : 5

China-Tariff Exemption/Expert

China's exclusion lists to ease pressure on Chinese, Americans: expert

Dateline : Sept 11, 2019/File

Location : Beijing,China

Duration : 1'46

  • English


FILE: Shanghai Municipality, east China - Date Unknown (CGTN - No access Chinese mainland)
1. Aerial shot of Bund
2. Skyscrapers

Beijing, China - Sept 11, 2019 (CCTV - No access Chinese mainland)
3. Screenshot of announcement of China's first exclusion list
4. Screenshot of China's first exclusion list
5. SOUNDBITE (English) John Gong, professor, University of International Business and Economics (partially overlaid with shots 6-18):
"Actually a lot of the items in that list of 16 products have something to do with lubricants, these are the use for the motor oil lubricants for motor engines, as well as the base oil that's used for making lubricants. There are two kinds of lubricants on this list, synthetic lubricants and also the mineral-based lubricants. These are Americans' very competitive products, we actually import a lot of these lubricants from the U.S. market. So I think this list, you know represents China's very sincere wish to try to alleviate the pressure on most American companies' export, as well as Chinese companies importing them. So I think this is a very good sign and it also sends a very good signal to the coming negotiation. I think the negotiations are already going on right now, but at least for the face-to-face meeting between the minister level meeting that's coming in, in October. I think this is a very, very good sign. We actually import less than what Americans import from us, so naturally, you know, you would expect a smaller list compared to the Americans' lists. I think it's worth noting that these exemptions are retrospective. In other words, Chinese companies are going to refund the tariffs that have already been imposed so far. That's a very good sign, very good sign for Chinese importers as well as American exporters."

++ SHOTS OVERLAYING SOUNDBITE ++
FILE: Beijing, China - May 25, 2018 (CCTV - No access Chinese mainland)
6. Various of cars queuing up for refueling at gas station

FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
7. Ningbo-Zhoushan Port scenes

FILE: Qingdao City, Shandong Province, east China - Date Unknown (CGTN - No access Chinese mainland)
8. Various of containers being unloaded at port

FILE: China - Date Unknown (CCTV - No access Chinese mainland)
9. Various of cranes, vessels at container terminal

FILE: Qingdao City, Shandong Province, east China - Date Unknown (CGTN - No access Chinese mainland)
10. Containers being unloaded at port

Beijing, China - Sept 11, 2019 (CGTN - No access Chinese mainland)
11. Animation showing China's first exclusion list

FILE: Huairen City, Shanxi Province, north China - Sept, 2018 (CGTN - No access Chinese mainland)
12. Various of harvester, truck on alfalfa field
13. Various of farmer harvesting alfalfa
14. Harvesters on field

FILE: Gloucester, State of Massachusetts, USA - Feb, 2019 (CCTV - No access Chinese mainland)
15. Various of staff members processing seafood

FILE: Florida, USA - Oct, 2017 (CGTN - No access Chinese mainland)
16. Workers putting lobsters into tank
17. Water in tank

FILE: Los Angeles, California, USA - Date Unknown (CCTV - No access Chinese mainland)
18. Various of port; containers
++ SHOTS OVERLAYING SOUNDBITE ++

FILE: Ningbo City, Zhejiang Province, east China - Date Unknown (CGTN - No access Chinese mainland)
19. Various of Ningbo-Zhoushan Port scenes

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


China's exclusion list will alleviate pressure on both Chinese importers and exporters of the United States, said a Chinese scholar on Wednesday.

China on Wednesday unveiled its first set of lists of the U.S. goods to be excluded from the first round of additional tariffs on the U.S. products.

The exemption will become effective on Sept. 17, according to the Customs Tariff Commission of the State Council.

Professor John Gong from the University of International Business and Economics shared his opinion on the significance of China's fresh exclusion list, saying that the 16 products on the list have related with lubricants.

"Actually a lot of the items in that list of 16 products have something to do with lubricants, these are the use for the motor oil lubricants for motor engines, as well as the base oil that's used for making lubricants. There are two kinds of lubricants on this list, synthetic lubricants and also the mineral-based lubricants. These are Americans' very competitive products, we actually import a lot of these lubricants from the U.S. market. So I think this list, you know represents China's very sincere wish to try to alleviate the pressure on most American companies' export, as well as Chinese companies importing them," said Gong.

As the U.S. and China will hold a high-level trade talks in October, this is a very good sign, said Gong.

"So I think this is a very good sign and it also sends a very good signal to the coming negotiation. I think the negotiations are already going on right now, but at least for the face-to-face meeting between the minister level meeting that's coming in, in October. I think this is a very, very good sign. We actually import less than what Americans import from us, so naturally, you know, you would expect a smaller list compared to the Americans' lists. I think it's worth noting that these exemptions are retrospective. In other words, Chinese companies are going to refund the tariffs that have already been imposed so far. That's a very good sign, very good sign for Chinese importers as well as American exporters," said Gong.

ID : 8121456

Published : 2019-09-11 17:16

Last Modified : 2019-09-11 20:02:49

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

Restrictions : No access Chinese mainland

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