Easing China-U.S. Trade Frictions Goes Through A Long Process
ANBOUND
The
joint statement issued after the China-U.S. trade negotiation. That shows overall
the United States gained a lot of what it wants. China made sincere concessions
that have taken constructive step toward improving the bilateral trade relations.
Temporarily, the market had a relief under the current situation. The easing of
trade frictions between China and the United States may go through a long
process. The challenges are still ahead. As China's import increase bring to
the trade structure adjustment, a number of Chinese companies domestic would see
competitive pressure greater in front..