US going against trend of time won’t be supported
By
Wu Yuehe
Why should China and the US choose to
cooperate, and why should economic globalization be advocated and protected?
These are two questions that urgently need to be answered amid the economic and
trade tensions between the two largest economies of the world.
The US administration reiterated that many enterprises
had moved from China to other countries including the US to avoid hiked
tariffs, but the tariff rise has been strongly opposed by US citizens on social
media platforms.
Besides, letters have been sent to the US government
from all walks of US society, demanding an end to the trade dispute, and US
research institutions also sounded warnings based on polls.
How people think matters, as the trade issue
concerns “everybody”. It has long been emphasized in China since ancient times
that governance shall be enhanced if it is in accordance with people’s
aspiration. In the current time of economic globalization, people’s aspiration
should be attached with more importance.
As participators of the China-US cooperation,
the people can feel and benefit from the relationship, and their voices should
be heard.
Peter Verbrugge is an American cherry farmer
who helped ring the opening bell of a Chinese company at the New York Stock
Exchange five years ago. He said then that the expectation for the best
cherries on the planet from the people and children from halfway around the
world made him work hard every day, and he wanted to make them happy.
At that time, he was immersed in the huge surprise
he received from a Chinese e-commerce platform. It only took 48 to 72 hours to
deliver his cherries that had just been picked from his Washington-based farm
to Chinese consumers. The grower sold 108 tons of cherries to 55,000 consumers
in a dozen-day presale activity alone, an equivalent to the sales of 1,000
medium- to large-scale supermarkets in China.
Verbrugge’s story about economic globalization
proved that the global value chain, supported by the application of new
technologies, is able to create fortune and opportunities in a magical way, and
of course, this can only be achieved with cooperation.
According to the latest statistics of the
US-China Business Council, over the past decade, Kentucky's goods exports to
China have grown by 157%, more than doubling the overall growth rate of that to
other countries. Its services exports to China have increased by 250%, over ten
times the overall growth rate of that to other countries.
China is Tennessee's third largest market for
both goods and services exports and ranks among the top five for Colorado,
Michigan and Washington State.
Facts once again indicate that in the era of
economic globalization, China and the US see frequent exchanges and integrated
interests, and cooperation remains the only right choice.
The people from both countries hope to take
each other as sincere friends and win-win partners.
Recently, two different voices respectively
supporting the continuation and termination of the trade dispute have been
going neck by neck. On one hand, some US politicians are constantly provoking
frictions and exerting extreme pressure; on the other hand, the strong demand
for cooperation is also flooding the US society.
Last month, when the melody of the classical
Chinese song Mo Li Hua (jasmine flower) reverberated in the Salt Lake City at
the Golden Spike festival commemorating the sesquicentennial of the completion
of Transcontinental Railroad, people saluted to the 12,000 Chinese workers who
made huge contributions to the railway construction promoted by Abraham
Lincoln.
They appreciated the industrial miracle
jointly created by the two peoples, and expressed their hope that the two
countries can join hands in today’s world to continuously make profits for both
parties.
To cut off the relationship between China and
the US is beyond imagination, nor conforms to the common aspiration of the US
public. What people expect is cooperation and exchanges rather than
confrontation and isolation.
Many people hold the conviction that the
people-to-people exchanges between the two countries have long since laid a
solid foundation for China-US friendship, and the general direction of the
relationship should not be reverted. The interests of the two peoples shall
never be a sacrificial lamb of the “new Cold War” to be provoked by some ulterior
US politicians.
People’s aspiration should not be defied, and
those who go against the trend of time will finally be abandoned by history. It
should be noted that economic globalization is advancing based on negotiated
cooperation, and whoever “backtracks” will be eliminated. However, the general
development of the globalization will not be affected at all.
“If we close ourselves off from other, you
know, other innovative economies and entrepreneurs, we jeopardize our
leadership position in the world and we're much less attractive as a destination
for foreign investment,” warned Former US Secretary of the Treasury Henry
Paulson.
The selfish deeds of isolation cannot be
tolerated in the modern era of globalization. To grasp the general trend of
global economy is a required course in economic studies, and also a big issue
that concerns the public aspiration. It’s obvious that some US decision makers
have been absent from the course for too much.
At the recent G20 Finance Ministers
and Central Bank Governors Meeting held in Japan, US Treasury
Secretary Steven Mnuchin said that if China wants to come back to
the table and negotiate on the basis that the two countries were negotiating, they
can get a great historic deal. If they don't, the US will proceed with tariffs,
he added.
Such remarks expressed nothing but the US
failure in understanding what sincerity is. Washington just doesn’t know how to
be fair and respectful. It is trapped in a vicious circle which is isolated
from the trend of time, and its practices, hurting both the others and itself,
will not receive any support.
US going against trend of time won’t be supported
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