Industry insiders: China and the United States reaching the first phase agreement sends a positive signal
(Source: CCTV News Client2019-12-17）
On December 13, China and the United States reached an agreement on the text of the first-phase economic and w88 agreement. Many experts said that this sends a positive signal to the outside world and is conducive to promoting Sino-US economic and w88 cooperation, while the stability and predictability of the market are also increasing, which is good for the economies of China and the United States and the world economy.
Tu Xinquan, Dean of China WTO Research Institute, w88 casino:The reaching of this agreement should be said to be a turning point, because in the past two years, Sino-US economic and w88 relations have indeed continued to have some problems. The reaching of this agreement should be said to have taken a turn in direction. Of course, we also expect that Sino-US relations will continue to improve on the basis of this agreement in the future, continue to solve mutual problems, and establish a better foundation.
Yu Miaojie, Secretary of the Party Committee and Professor of the National Development Institute of Peking University: After the text agreement of the first phase of the Sino-US economic and w88 agreement was reached, it brought a lot of positive confidence to the market, and the market’s confidence in the Chinese economy is soaring.
At the same time, according to China’s statement on the first phase of the China-US economic and w88 agreement, Chinese companies will increase their imports of high-quality and competitive products and services from countries including the United States in accordance with WTO rules and the principles of marketization and commercialization.
Professor Yu Miaojie, Secretary of the Party Committee of the National w88 casino of Development, Peking University: China has also stopped countering the high tariffs of the United States. In other words, we have also demonstrated our confidence and determination in opening up, and released more sincerity. The import of this agricultural product will also effectively reduce the price of domestic agricultural products in our country
Whether the agreement is good or not, the market and the company have the final say. The recent rise in U.S. stocks and A-shares is the market’s expectation and reaction to the two sides reaching the first phase of the economic and w88 agreement.
Taizhan Electromechanical is a high-tech enterprise located in Zibo, Shandong. Overseas market orders account for nearly 60%, of which orders from the United States account for 95%. Entering December, the production and sales of the company's leading product, automobile chassis suspension control system, are booming. In w88 with the United States, companies rely on independent innovation to win the right to speak and successfully open up the high-end market. The conclusion of the first phase agreement between China and the United States has enhanced the expectations of enterprises to increase their innovation efforts and also boosted their confidence in investment.
Liu Zhiming, Chairman of Shandong Taizhan Mechanical and Electrical Technology Co., Ltd.: We also strategically analyze the needs of global customers. American customers are very important to the development of our company because they account for 50% of our sales. After China and the United States reached the first phase of the agreement, it also increased the confidence of enterprises in development.
Tu Xinquan, Dean of China WTO Research Institute, w88 casino:In fact, what is more concerned about is the stability and predictability of a market. In this agreement, both parties will not impose additional tariffs in the next stage. This can be said to be a relief for the relevant companies. As for the tariffs that have been imposed, there is now a downward trend, so everyone's expectations for the future of the market will also be positive.
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