Neither the Chinese nor US economic systems will fundamentally change as a result of overt trade conflict. The challenge for policy-relevant economics is to design a regime for China-US commerce that accepts the co-ex...Neither the Chinese nor US economic systems will fundamentally change as a result of overt trade conflict. The challenge for policy-relevant economics is to design a regime for China-US commerce that accepts the co-existence but also addresses underlying disputes. Many important China-US disputes, notably those over intellectual property protection and state subsidies, cannot be resolved by the World Trade Organization, thus new institutions must be built. Economics-based regime principles should entail recognition that： the China-US bilateral trade imbalance is unique mainly because of macroeconomic and financial factors, not trade; agreements should restrict commercial and government behaviors, not target economic outcomes; Chinese companies must compete and be allowed to succeed in any sector, including high-technology; China is not entitled to US-owned technology, thus intellectual property rights must be enforced; and the US Government should support an increased role for China in global economic governance.展开更多
Since 2018,the US government has adopted a range of restrictive measures on China-US science and technology exchange,as it strives for a decoupling strategy against China.This strategy has brought about historic chang...Since 2018,the US government has adopted a range of restrictive measures on China-US science and technology exchange,as it strives for a decoupling strategy against China.This strategy has brought about historic change in China-US science and technology relations.The US government has set out to obstruct the free flow of technology,data,capital,markets,and talents between China and the United States,thereby changing the basic rationale of China-US science and technology cooperation.The US has multiple underlying motivations for implementing this strategy including recognizing the security threats posed by China’s cutting-edge technology development,treating China as a competitor in global science and technology diplomacy,prompting the backflow of the technological industrial chain,and the strengthened industrial competition between the two countries.Decoupling is one of the competition strategies of the United States.It is aimed at ensuring a favorable position for their national innovation systems,particularly in China-US competition.However,the limitations of the decoupling strategy may not allow the US to achieve what it desires.These limitations also provide space for the two countries to ease their competitive relationship.展开更多
文摘Neither the Chinese nor US economic systems will fundamentally change as a result of overt trade conflict. The challenge for policy-relevant economics is to design a regime for China-US commerce that accepts the co-existence but also addresses underlying disputes. Many important China-US disputes, notably those over intellectual property protection and state subsidies, cannot be resolved by the World Trade Organization, thus new institutions must be built. Economics-based regime principles should entail recognition that： the China-US bilateral trade imbalance is unique mainly because of macroeconomic and financial factors, not trade; agreements should restrict commercial and government behaviors, not target economic outcomes; Chinese companies must compete and be allowed to succeed in any sector, including high-technology; China is not entitled to US-owned technology, thus intellectual property rights must be enforced; and the US Government should support an increased role for China in global economic governance.
文摘Since 2018,the US government has adopted a range of restrictive measures on China-US science and technology exchange,as it strives for a decoupling strategy against China.This strategy has brought about historic change in China-US science and technology relations.The US government has set out to obstruct the free flow of technology,data,capital,markets,and talents between China and the United States,thereby changing the basic rationale of China-US science and technology cooperation.The US has multiple underlying motivations for implementing this strategy including recognizing the security threats posed by China’s cutting-edge technology development,treating China as a competitor in global science and technology diplomacy,prompting the backflow of the technological industrial chain,and the strengthened industrial competition between the two countries.Decoupling is one of the competition strategies of the United States.It is aimed at ensuring a favorable position for their national innovation systems,particularly in China-US competition.However,the limitations of the decoupling strategy may not allow the US to achieve what it desires.These limitations also provide space for the two countries to ease their competitive relationship.
