Trade
Huiyao (Henry) Wang:
  ·  2021-03-12  ·   Source: Web Exclusive

(The speaker is founder and president of the Center for China and Globalization)  

We need to have the World Trade Organization (WTO) reform. It is the pillar of the past 75 years after the World War II. We're stuck on the WTO but I’m glad to see President Biden approved the new direct general of the WTO. Now we're going to have a new leadership in place.     

We hope that we can work together on issues including the digital economy. So we can reform the WTO secretariat to be more active so that WTO can be another driver of the global economy.  

We need to relax on trade, sanctions and the tariff. Can we lift the tariff? It's no good for both China and the U.S. Also, technological decoupling between the two sides is impossible because it is not going to work in the 21st Century when the world economy is so much intertwined.  

Let's continue to have a rational dialogue, so that we can continue to solve all those issues and differences. Also, let's lift the sanctions on the technology companies, including Huawei, TikTok, Wechat, Alibaba, and Xiaomi etc. I think we should relax on that. But China should also relax on Google, Facebook, Twitter and other high tech companies, allowing them to come to China [if they agree to abide by Chinese laws]. So I think maybe we should have a dialogue.   

China and the U.S. can collaborate on infrastructure. China is becoming a leader in the infrastructure. So China probably can work with the U.S., particularly at the state and municipal level.  

The U.S. can export more energy to China. China has become a clean energy leader. Now Tesla almost becomes the largest company in the world because they have a clean energy factory in China. So I think there are many areas where we can collaborate. 

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