Sino-American mutual resistance: who will win?
The article analyses problems of Sino-American mutual resistance in the XXI century. After entering the WTO China began to develop its economic strength. Now it takes the first place by the GDP (in PPP) and the second place by the GDP (in foreign exchange by US dollars). Under such circumstances...
| Main Author: | |
|---|---|
| Format: | Article |
| Language: | English |
| Published: |
Russian Academy of Sciences, Institute of China and Contemporary Asia (ICCA RAS)
2020-07-01
|
| Series: | Восточная Азия: факты и аналитика |
| Subjects: | |
| Online Access: | http://eastasiareview.ru/wp-content/uploads/2020/ea_2020_2_6-19.pdf |
| _version_ | 1811220796456042496 |
|---|---|
| author | Ostrovskiy A.V. |
| author_facet | Ostrovskiy A.V. |
| author_sort | Ostrovskiy A.V. |
| collection | DOAJ |
| description | The article analyses problems of Sino-American mutual resistance in the XXI century. After
entering the WTO China began to develop its economic strength. Now it takes the first place by the GDP (in
PPP) and the second place by the GDP (in foreign exchange by US dollars). Under such circumstances
despite the visit of the US President D. Trump to China in November, 2017, when both sides signed 34 large scaled agreements on economic cooperation with total investments 253.5 billion dollars since 2018 both countries have a lot of contradictions in their struggle for the leadership in the world. For solving foreign cooperation problems both sides made trade negotiations. As a result of the negotiations, they came to the conclusion, and both sides refused to increase customs duties. China expands its market for delivery of goods from the US, and the US officially declared, that China was not a “currency manipulator”. Nevertheless, during the world “coronavirus ” epidemic the mutual resistance from both sides has flamed up by force. The author considers, that the mutual resistance will not be of use for both countries and seriously damage the world economy. But China will lose less than the US, because the internal market in China is bigger. |
| first_indexed | 2024-04-12T07:47:59Z |
| format | Article |
| id | doaj.art-a2d4f9857684437094469e3e69cc6aa8 |
| institution | Directory Open Access Journal |
| issn | 2686-7702 |
| language | English |
| last_indexed | 2024-04-12T07:47:59Z |
| publishDate | 2020-07-01 |
| publisher | Russian Academy of Sciences, Institute of China and Contemporary Asia (ICCA RAS) |
| record_format | Article |
| series | Восточная Азия: факты и аналитика |
| spelling | doaj.art-a2d4f9857684437094469e3e69cc6aa82022-12-22T03:41:39ZengRussian Academy of Sciences, Institute of China and Contemporary Asia (ICCA RAS)Восточная Азия: факты и аналитика2686-77022020-07-012020/210.24411/2686-7702-2020-10008Sino-American mutual resistance: who will win?Ostrovskiy A.V. 0https://orcid.org/0000-0001-9248-4222Institute of Far Eastern Studies of the Russian Academy of SciencesThe article analyses problems of Sino-American mutual resistance in the XXI century. After entering the WTO China began to develop its economic strength. Now it takes the first place by the GDP (in PPP) and the second place by the GDP (in foreign exchange by US dollars). Under such circumstances despite the visit of the US President D. Trump to China in November, 2017, when both sides signed 34 large scaled agreements on economic cooperation with total investments 253.5 billion dollars since 2018 both countries have a lot of contradictions in their struggle for the leadership in the world. For solving foreign cooperation problems both sides made trade negotiations. As a result of the negotiations, they came to the conclusion, and both sides refused to increase customs duties. China expands its market for delivery of goods from the US, and the US officially declared, that China was not a “currency manipulator”. Nevertheless, during the world “coronavirus ” epidemic the mutual resistance from both sides has flamed up by force. The author considers, that the mutual resistance will not be of use for both countries and seriously damage the world economy. But China will lose less than the US, because the internal market in China is bigger.http://eastasiareview.ru/wp-content/uploads/2020/ea_2020_2_6-19.pdfprcusaforeign tradesino-american contradictionstariffsdutiesinternal markettrade negotiationsmutual resistance |
| spellingShingle | Ostrovskiy A.V. Sino-American mutual resistance: who will win? Восточная Азия: факты и аналитика prc usa foreign trade sino-american contradictions tariffs duties internal market trade negotiations mutual resistance |
| title | Sino-American mutual resistance: who will win? |
| title_full | Sino-American mutual resistance: who will win? |
| title_fullStr | Sino-American mutual resistance: who will win? |
| title_full_unstemmed | Sino-American mutual resistance: who will win? |
| title_short | Sino-American mutual resistance: who will win? |
| title_sort | sino american mutual resistance who will win |
| topic | prc usa foreign trade sino-american contradictions tariffs duties internal market trade negotiations mutual resistance |
| url | http://eastasiareview.ru/wp-content/uploads/2020/ea_2020_2_6-19.pdf |
| work_keys_str_mv | AT ostrovskiyav sinoamericanmutualresistancewhowillwin |