FROM EIR DAILY ALERT

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China Advised China on U.S. Trade: Set Up Infrastructure Fund, Bring U.S. Firms into Belt and Road

March 27, 2018 (EIRNS)—Stable U.S.-China trade should be based on joint economic initiatives, recommends the Center for China and Globalization (CCG), in a statement issued today. The CCG is advising Beijing to moderate its response to the punitive tariffs that the U.S. is considering. Instead of retaliation, CCG recommends 10 measures China should take to foster trade ties between the world’s two largest economies. In addition to making adjustments, such as lifting excessive limits “especially on high-tech products from American companies,” the most important measures are:

“Consider the establishment of an investment fund to help the U.S. upgrade its infrastructure, capitalizing on China’s advanced technology and expertise in the field”;

and

“Enlist the participation of American companies in Belt and Road projects as third party partners.”

In this way, the CCG states, China can “continue to adhere to the goal of long-term stable economic and trade relations between the two nations.”