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US-China Relations - 113. page

Beijing Scholar On an Era of Confrontation between China and the U.S.

China Review News published an article quoting comments by Yu Wanli, an associate professor from the International Relations Institute of Beijing University, on the recent friction between China and the U.S. Yu said, “Starting this year, a trend toward intensified China-U.S. friction has become quite evident.

Yu suggested that, in the future, China-U.S. relations would enter a period of deep level adaptation for several reasons. First, as China’s rise becomes more apparent, the U.S. will need to prepare for the uncertainties resulting from China’s rise. Second, as the distance between China’s and U.S. strength narrows, a different level of communication and cooperation between the countries will be required. In the past, China implemented the diplomatic policy of “hiding one’s ability to buy time.” Chinese and U.S. cooperation has remained mostly at a superficial level, even when on the surface or just in formalities, especially on military issues. "As China becomes stronger, how China should cope with the U.S., or even the neighboring countries … will require us to have some deeper thought."

Source: China Review News. October 1, 2010

China’s Largest Law Firm Comes to Wall Street

On October 5, China’s Dacheng Law Office opened a branch in New York, becoming the first Chinese law firm to set foot on Wall Street. According to Chinese News Service, Dacheng is China’s, as well as Asia’s, largest law firm. It employs 1,600 attorneys in China and has offices in Hong Kong, Taiwan, Singapore, and France.

Dacheng’s New York office will conduct business related to the U.S. in the areas of mergers and acquisitions, raising private equity, IPOs, stocks and bonds, and performing asset management. It will also be involved in lawsuits concerning intellectual property rights and international trade.

Source: China News Service, October 6, 2010

Chinese Think Tank Warns: The U.S. Will Surely Lose If a China-US Trade War Breaks Out

China Review News republished an article from Jiefang Daily, a newspaper of the Shanghai Committee of the Communist Party of China, titled, “Chinese Think Tank Warns: The US Will Surely Lose If a China-U.S. Trade War Breaks Out.”

“The Ways and Means Committee of the U.S. House of Representatives held a two-day hearing on September 15 to discuss the RMB exchange rate in an attempt to exert pressure for RMB appreciation.”

“Ding Yifan, Deputy Director of the Institute of World Development (IWD) under the Development Research Center of China’s State Council (DRC), said that once the United States deliberately imposes economic sanctions on China, China can respond by selling its holdings of U.S. debt. At present, China is still the biggest holder of U.S. Treasury bonds. If China sells off its holdings, the domestic interest rates of U.S. banks will increase."  

Source: China Review News, September 17, 2010

Huanqiu: Take Advantage of the U.S. Financial Crisis to Raise China’s International Status

On September 13, 2010, Huanqiu, China’s official website, published an article stating that the financial crisis has ended the United States’ foreign expansion cycle and opened a new stage in its strategic contraction cycle. The contraction of the U.S. foreign policy has created the conditions for China to raise its international status. China is thus able to fully take advantage of the “dividends” brought by such a contraction to sustain and move forward China’s moderation, while elevating China’s international status.

“The United States is ‘the only country that can pressure China and cause substantial damage to China’s national security and internal stability.’ Therefore, seeking China-US cooperation is the highest priority on China’s foreign policy agenda. … China should stick to the policy of cooperating and fighting with the U.S. at the same time. It should fight only to the point of not breaking up the relationship.”

Source: Huanqiu, September 13, 2010

Beijing Fires Back at U.S. Pressure Over Currency

“The appreciation of the renminbi can’t solve the trade deficit with China,” said China’s Foreign Ministry spokeswoman on September 16, at a press briefing, referring to the current U.S. pressure over China’s currency. “Pressure cannot solve the issue. Rather, it may have the opposite effect.”

The push-back was related to U.S. Treasury Secretary Timothy Geithner’s criticism of Beijing’s currency controls. Chinese authorities warned Thursday that continued pressure might worsen the situation. At the same time, the official Xinhua news agency published a range of articles with quotes from Chinese and Western scholars to defend its currency practice.

Source: Xinhua, September 16, 2010

CRN: China Should Learn to Shape the U.S. Attitude toward China

China Review News recently reviewed an article by East China Morning News on shaping people’s attitudes toward China. The article suggested that not all Americans are willing to see a strong China. They will try their best to create trouble for China. They are worried about the global expansion of China and that it may strike at the U.S. position as a super power. China should avoid a direct showdown with the U.S. At the same time, China should be fighting back, without hesitation, using a reasonably measured means. Versatile foreign relations should be applied to constrain the negative side of U.S. politics.

Source: China Review News, September 6, 2010

China Review News: The U.S. Is the Black Hand Stopping Normal Cross-Strait Military Communications

China Review News published a commentary on August 31, 2010, titled "The U.S. Is the Black Hand Stopping Normal Cross-Strait Military Communications." According to the article, the fact that retired Taiwanese high-ranking military officials have frequently visited Mainland China in recent years has attracted much U.S. attention. The United States has expressed its concerns through Taiwan’s representative in the U.S., Yuan Jiansheng, and wanted Taiwan to provide an explanation.

“As we understand it, the largest third hand (interfering with) cross-strait military relations is the United States. … Therefore, calling the U.S. a black hand is not wrong.”

Source: China Review News, August 31, 2010

PLA Live-Fire Military Exercise in Yellow Sea

Starting on September 1, the Chinese navy’s North Sea fleet held a live-fire military exercise for four consecutive days in the Yellow Sea region, to the southeast of Qingdao City, Shandong Province. According to the Chinese military, it was an annual program of regular exercise training with a focus on naval gun fire. From September 5 onward, for a period of five days, the United States and South Korea conducted anti-submarine exercises in the Yellow Sea. The United States did not send its aircraft carriers or nuclear submarines, but only sent two Aegis destroyers. South Korea mobilized 209 submarines (1,200 tons), patrol boats, and destroyers in the joint exercise.
Source: Asia Times, September 1, 2010