The US initiated trade war between China and the United States should have begun on August 16, 2017, when Trump signed an administrative memorandum authorizing trade representatives to conduct a 301 investigation into China.
On March 8, 2018, the US government announced that it would impose a heavy tax of 25% and 10% on imports of steel and aluminum products for a long period of time. Subsequently, the ally was pardoned, and the actual country being expropriated may be 'only China'. The first shot in the Sino US trade war was fired. On April 4, 2018, Trump signed an administrative memorandum again, announcing the imposition of a 25% tariff on more than 1300 imported goods originating in China, marking the full-scale launch of the Sino US trade war. During the process, the United States went through repeated and intensified escalation, until August 24, 2019, when the US government announced the imposition of tariffs on all Chinese goods worth $550 billion worth of imports to the United States, marking the climax of the trade war.
Overall, the Sino US trade war has been going on for nearly two years. From the beginning until now, I don't know if it was out of fear or inner happiness. Anyway, some people always say that the sky is falling and China's economy and foreign trade are about to end. So, what about the actual situation?
On October 14th, the General Administration of Customs of China announced data that in the first three quarters of 2019, China's total import and export value was 22.91 trillion yuan, a year-on-year increase of 2.8%. Among them, exports reached 12.48 trillion yuan, an increase of 5.2%. Imports reached 10.43 trillion yuan, a decrease of 0.1%. The trade surplus was 2.05 trillion yuan, an increase of 44.2% year-on-year. Affected by trade wars. The total value of trade between China and the United States reached 2.75 trillion yuan, a decrease of 10.3%. However, the trade volume of China's top two trading partners, the European Union and ASEAN, increased by 8.6% and 11.5% respectively. The total import and export volume of countries along the "the Belt and Road" totaled 6+65 trillion yuan, up 9.5%.
It can be seen that China has successfully withstood the extreme pressure from the United States and maintained the growth of foreign trade in the most difficult times. The US government's return to the negotiating table is actually an admission that the trade war did not achieve the expected outcome. After experiencing this ordeal, the Chinese economy will become more mature and powerful, and the goal of returning to the top of the world is one step closer to us. Bless the motherland!
The US China Business Association is committed to enhancing understanding and friendship between China and the United States, promoting cultural and business exchanges and cooperation, and promoting the development of economic and trade relations between the two countries.
Starting from the beginning of 2018, we have been organizing the "Symposium on the 40th Anniversary of the Establishment of Diplomatic Relations between China and the United States and the 5th Outstanding Contribution Award Ceremony between the United States and China". The original plan was to hold the grand event by the end of 2018, but we did not receive approval due to various reasons. In March 2018, we planned to hold a joint event with the Chinese University of Hong Kong at the Shenzhen branch on April 27, 2019. However, we did not receive approval and the event was once again postponed. Finally, through multiple coordination efforts, our event was successfully held on September 14th at Zhengzhou Sias College. Here, we would like to express our special gratitude to Dr. Chen Xiaochun, the founder of Zhengzhou Sias College, and other friends from all over the world for their strong support and unremitting efforts.
We believe that the more difficult and tortuous the relationship between China and the United States is, the more it is necessary to promote and enhance civil and commercial exchanges between the two countries, so that the relationship between China and the United States can be stable and far-reaching.
It is now gratifying to note that less than a month after the successful holding of the "40th Anniversary Seminar of the Establishment of Diplomatic Relations between China and the United States and the Fifth Award Ceremony for Outstanding Contributions between the United States and China", China US relations have begun to emerge from a low point. This once again proves that the mission, goals, and vision of our US China Business Association are of great significance!
On September 14th, the "Symposium on the 40th Anniversary of the Establishment of Diplomatic Relations between China and the United States and the Fifth Award Ceremony for Outstanding Contributions between the United States and China" was grandly held at the Sias College in Zhengzhou. Chip Carter, the son of former President Carter of the United States, Liu Yanshen, the vice chairman of the National Steering Committee for Vocational Education Reform and Innovation, Chen Xiaochun, the chairman of SIAS College, Wu Gaolin, the executive vice chairman of the US China Business Association, Zhang Baijia, the former deputy director of the Party History Research Center of the CPC Central Committee, Ma Zhifeng, the mayor of Xinzheng Municipal People's Government, Xu Fenghua, the deputy inspector of the United States Department of the Chinese People's Association for Friendship with Foreign Countries Hundreds of leaders, experts, scholars, and entrepreneurs from China and the United States in the fields of finance, commerce, education, culture, art, and technology, including Gao Qunyao, founding partner and CEO of Yuntu Times Film Technology Company, Cai Jian, founding executive director of the Innovation Research Institute at Peking University, Reid Rubsamen, CEO of Flow Pharma in the United States, and Deng Tao, chairman of the Creative and Design Committee of the US China Business Association, gathered in Xi'an to jointly explore the relationship between China and the United States in education The future development path in fields such as commerce and trade.
At the morning China US Investment Summit Forum, Chen Xiaochun delivered a speech thanking the organizers for their trust and support in Sias. He stated that as an international university and the earliest university in Henan to implement Sino US education cooperation, SIAS hopes to use this forum to explore the path of sustainable development and promote education internationalization to a deeper level.
Wu Gaolin delivered a speech reviewing the contribution of China US friendship over the past 40 years to world peace, economic prosperity and development, and recognizing the development achievements of Sias over the past 20 years. Wu Gaolin also said that looking back on the past 40 years today is a solid foundation for peace and friendship in China US relations for the next 40 years.
Gao Qunyao shared his career and investment experience with the title "Investment and Entrepreneurship". Cai Jian, titled "The Most Valuable Investment in International Collaborative Innovation," elaborates in detail on value creation, policy systems, market resources, talent capital, technological methods, and other aspects. Reid Rubsamen conducted a roadshow and promotion of the Silicon Valley Vaccine Medical Project. Liu Yanshen elaborated on the important significance of developing the relationship between China and the United States under the title of "Sino US Business Relations and Their Prospects". Wan Yuhua, the founding dean of the Global Charm Women's College, shared her entrepreneurial journey and the original intention of founding the college.
Chen Xiaochun, Ma Zhifeng, Xu Fenghua, Liang Jieyi, Wu Gaolin, and Megan, the director of the Gift Department of the Carter Center, delivered speeches respectively, expressing their beautiful wishes to jointly promote cultural exchange between China and the United States.
Subsequently, Wu Gaolin, Chen Xiaochun, Zhang Baijia, Liu Yanshen, and Chip Carter shared their experiences, growth, and efforts towards the development of Sino US relations in the 40 years since the establishment of diplomatic relations between China and the United States, and explored various fields such as education, cultural exchanges, healthcare, global climate, poverty alleviation, and trade cooperation.
On the afternoon of that day, the 5th "Outstanding Contribution of the United States and China" Award Ceremony was grandly opened at the Sias Teaching Theater. The winners of this year include renowned scientist Yang Zhenning, Carter Center, Chairman of Fuyao Glass Group Cao Dewang, Silicon Valley Flow Pharma Biotechnology Company in the United States, and renowned independent curator Jia Tingfeng from China. Chen Xiaochun, Wu Gaolin, Gao Qunyao, Ling Jialian, Deng Tao, and others presented awards to the award-winning guests in turn. The award ceremony came to an end amidst the singing of 'Eternal Friendship'.
At the dinner party on that day, the charity auction was very lively and lively, with dozens of items raised by the Carter Center and the US China Business Association, the vast majority of which were successfully auctioned and delivered. The proceeds from this auction will be used to strengthen cultural and business exchanges between China and the United States. Thank you for your strong support and generous donations!
The "Symposium on the 40th Anniversary of the Establishment of Diplomatic Relations between China and the United States and the Fifth Award Ceremony for Outstanding Contributions between the United States and China" and the dinner party were successfully concluded in a harmonious atmosphere among Chinese and American guests, once again witnessing the power of civil exchanges and the long-lasting friendship between China and the United States! Let's schedule the 6th Awards Ceremony. Who will be the next winner? Revealed in 2020.