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Source: Getty

In The Media
Carnegie China

China-U.S. Comprehensive Economic Dialogue and Agricultural Land Use and Food System

The upcoming U.S.-China Comprehensive Economic Dialogue will be a meeting characterized by many contrasts.

Link Copied
By Douglas H. Paal
Published on Jul 19, 2017

Source: CGTN

Speaking on CGTN, Carnegie’s Douglas H. Paal explained that the upcoming U.S.-China Comprehensive Economic Dialogue will be a meeting characterized by many contrasts. He began by saying that the headline of the upcoming meeting will likely be that “there are no headlines.” The Trump administration has come to appreciate the interdependence between the U.S. and Chinese economies, thus reducing the risk that they will unilaterally initiate a trade war.

Short term gains from the meeting will likely be small, Paal said. In the medium- to long-term, the best that can be hoped for is an opening of the Chinese market to exports of U.S. services. Presently, Chinese policies exclude most foreign services, he added.

Paal went on to explain that he supports a multilateral approach to trade issue. Furthermore, he thinks the current focus on bilateral issues, while counterproductive, is a natural result of “years and years of cheap politics” in the United States.

This interview originally appeared on CGTN.
 

About the Author

Douglas H. Paal

Distinguished Fellow, Asia Program

Paal previously served as vice chairman of JPMorgan Chase International and as unofficial U.S. representative to Taiwan as director of the American Institute in Taiwan.

    Recent Work

  • Paper
    America’s Future in a Dynamic Asia

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  • Q&A
    U.S.-China Relations at the Forty-Year Mark
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      Douglas H. Paal, Tong Zhao, Chen Qi, …

Douglas H. Paal
Distinguished Fellow, Asia Program
Douglas H. Paal
Political ReformEconomyTradeForeign PolicyNorth AmericaUnited StatesEast AsiaChina

Carnegie does not take institutional positions on public policy issues; the views represented herein are those of the author(s) and do not necessarily reflect the views of Carnegie, its staff, or its trustees.

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