At the Fourth China and Globalization Forum hosted by the Globalization Think Tanks recently, the chairman of the American Chamber of Commerce in China, Cai Ruide, said at the sub-forum that the Forum “opened 40 years — Chinese companies reinvent global economic and trade relations” that China and the United States Trade between the two countries and the world in general is more optimistic. The current challenge for the two countries is the difference in the economic systems of the two sides.
Tsai Reid stated that although the leaders of both parties will evade the differences in the economic system during the talks, the differences in the economic system do exist and are large. Therefore, such differences are very important. For example, Chinese state-owned enterprises occupy the dominant position, and The current trend is that state-owned enterprises are getting stronger and stronger, but the United States’ economic system is more open, and it mainly depends on the market to play a decisive role. Tsai said that China’s reform and opening up has changed dramatically over the past 40 years. He hopes that the United States can see these tremendous changes in China. Thinking about how to coordinate next, how to cooperate with China. The cooperation of the world's two largest economies is the trend.
Tsai Reid mentioned that although Singapore is also dominated by state-owned enterprises and the GDP of state-owned enterprises is also high, the reason why the United States is not afraid of Singapore is because Singapore’s political system is different from China’s political system. In addition, the number of land owned by China is strong. Powerful influence and broad market, these are different places from Singapore.
When talking about the saying that "China used to be a world market and the world is now a Chinese market," Tsai said that this is actually a very good goal, but we must consider the possibility of reciprocity, such as Chinese companies going to the United States. Investing in manufacturing, then at the same time also hopes that American companies can come to China to invest in manufacturing, but for now, there are frictions in some important areas. This is imbalance.
Tsai believes that China’s policies have been tilted toward foreign-invested companies, but now that China has developed, policies have begun to gradually balance, so some US companies are less satisfied than before. According to the annual survey report of the American American Chamber of Commerce, it is now 75% U.S. companies believe that China does not welcome them now. But this is actually a misunderstanding. One of the main reasons is that China’s policy has shifted from the previous tilt of foreign capital to balance. Another reason is that there are some Chinese economic policies for domestic companies and foreign companies. There are differences. Although the United States restricts the entry of Chinese companies in some areas related to national security, the investment environment of the United States remains one of the most open investment environments in the world.
When talking about why the United States did not join the Asian Investment Bank, Tsrid believes that this is a policy mistake in the United States. He said that every year, the American Chamber of Commerce in China will go to Washington to meet with other administrative departments such as the Congress, think tanks, and other issues. Two years ago, the company discussed At the time of this issue, the United States stated that no one was responsible for this issue at that time. Perhaps the United States thought that it was not important at this time, and there was no time. There may also be people who think that joining the AIIB is not a wise decision.