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QINGDAO TODAY
在线翻译:
szdaily -> World -> 
CGTN, Fox anchors discuss China-US trade issues
    2019-05-31  08:53    Shenzhen Daily

CGTN anchor Liu Xin joined Fox Business Network host Trish Regan on her primetime show for a live television discussion on China-U.S. trade issues Thursday.

It is the first time that television hosts from China and the U.S. have faced off live. The much-anticipated event has sparked widespread attention from media across the world.

The 16-minute segment began with Liu correcting Regan to say that she was not a member of the Chinese Communist Party and was speaking for herself as a CGTN journalist.

On trade talks

Regan asked Liu about her current assessment of where the trade talks and about whether she believes a deal is possible.

“The talks were not very successful last time, and both sides are considering where to go next. The Chinese Government is very clear,” answered Liu.

“There is high possibility of a trade deal only if the United States treats the Chinese Government and negotiating team with respect and shows the willingness to talk without using outside pressure.

“Otherwise, we might be facing a prolonged period of problems for both sides.”

On intellectual property

When it comes to intellectual property, Liu agreed that IP theft was a problem, although not only in China, and that there was a “consensus” in China that “without the protection of IP rights, nobody, no country, no individual, can be strong and can develop itself.”

But she stressed that IP infringement was “a common practice probably in every part of the world,” including the United States.

“You [can’t] say, simply because these cases are happening, that America is stealing or China is stealing, all the Chinese people are stealing. I think this kind of blanket statement is really not helpful. Really not helpful,” she said.

On tariffs

Regan asked Liu about her opinion on “both countries getting rid of tariffs altogether.”

Liu answered that in terms of tariffs, it’s not just between China and the U.S. “If you don’t like the rules, then let’s change the rules, but it has to be done as a multilateral decision,” Liu said.

On capitalism

In response to Regan’s question on China’s “State capitalism,” Liu said, “we would like to define it as socialism with Chinese characteristics, where market forces are expected to play the dominating or deciding role in the allocation of resources.”

“We want it to be a market economy but there are some Chinese characteristics, for example, some State-owned enterprises which play an important but smaller role maybe in the economy,” Liu added.

“If you look at the statistics, 80 percent of Chinese employees work at private enterprises, 80 percent of exports are by private companies.

“We are a socialist economy with Chinese characteristics, but we are not just State-controlled, we are quite mixed, very dynamic and very open as well.”

On China’s development

“If you look at the overall size of the Chinese economy, don’t forget China has 1.4 billion people. If you divide the second largest economy in the world, when it comes down to per capita GDP we are less than one-sixth of the U.S.,” Liu told Regan.

“We can do a lot of big things, and people are looking upon us to do a lot more around the world,” said Liu. (CGTN)

(CGTN)

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