Thursday, May 23, 2019

Is this proof that China is actually a bit more than worried about the trade war?

via China Daily.
Refuting US concerns that China is forcing American enterprises to transfer technologies to Chinese businesses, Lin said such claims are not based on facts and ignore the basic tenets of economics.

US companies have chosen to adopt advanced technologies in their production process in China not because anyone has forced them to do so, but because they want to survive and stand out in market competition, he said.

Commenting on concerns that Sino-US trade friction is a clash of civilizations, Lin said different civilizations can actually coexist and learn from each other. The US is ignoring this positive aspect as it wants to "exclusively dominate the world." Many of the allegations made against China are just excuses for restricting China's development, Lin said.

According to Liu, the US is trying to suppress China's growing technology strength by using its state powers to impose curbs on Chinese companies like Huawei. As China's economic strength keeps growing, the contradictions between the two countries are also aggravated, he said.

Liu, a former deputy head of the Development Research Center of the State Council, expects trade friction to have a limited influence on the Chinese economy as its export sector is not that dependent on the US market and is diversified enough to withstand the shocks and challenges.
Story here. 

We're winning and they're scared.

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