2016年CRI SED Expected to Boost China-US Economic Ties

 

Just a day before the China-US Strategic and Economic Dialogue, U.S Treasury¹ Secretary Jack² Lew paid a visit to Tsinghua University in Beijing.

He talked with students about some issues between the world's top two economies.

Among the topics of discussion were China's negative list and the bilateral³ investment treaty.

The visiting U.S Treasury Secretary said that the U.S. is waiting for the list and expecting constructive⁴ outcomes out of the BIT negotiations⁵, before the end of President Barack Obama's term in office.

"I think that the remaining months of this administration are really very good time to double down and try, and make progress and get it, if not across the finish line, closer to the finish line, where if the BIT is in a well-developed place, it's much more likely to go forward."

Li Daokui, director of Tsinghua University's Center for China in the World Economy, says the United States and China need an agreement to remove trade protectionism in order to give investors⁶ the most preferential terms.

"China has made a lot of efforts in regards to this issue. For example, we have made a negative list, and it is quite a long one and needs to be downsized in a gradual fashion. So this round of dialogue could lead to substantial progresses for China-U.S. BIT talks."

He also expected certain principles can be identified at this year's dialogue for the new US administration to follow up.

"It's possible that the new U.S. president would have not formed a full-member administration in the same time period next year. So this dialogue will focus on issues in the longer run rather than the short-term ones. I hope that certain principles can be made out of this dialogue for the new administration to follow up. The incumbent⁷ administration can fix some principles, which will prevent the new administration from derailing from current path."

Li suggests the dialogue will also focus on the pending⁸ transition of U.S. monetary⁹ policy.

"The policy makers¹⁰ must take into consideration the impact the transition will have on the global economy, including China's economy, and how China's affected¹¹ economy will come back to impact the U.S. economy. So we must stress repeatedly that the Federal Reserve must thoroughly¹² consider the transition's impact on the world's economy before pushing for it, and the transition should go along only one direction."

The dialogue is scheduled to start on Monday in Beijing.

The two-day session will be co-chaired by Chinese Vice¹³ Premier¹⁴ Wang Yang and State Councilor Yang Jiechi, and U.S. Secretary of State John Kerry and Treasury Secretary Jacob Lew.

The dialogue is being held not long after the US imposed anti-dumping and anti-subsidy duties on a wide-range of Chinese steel products. 

China has criticized these duties as irrational¹⁵ and harmful to diplomatic ties.

Still, academics and officials from both sides are expecting the dialogue to give a substantial boost to bilateral economic ties.

1 treasury   

n.宝库；国库，金库；文库

参考例句：

• The Treasury was opposed in principle to the proposals.财政部原则上反对这些提案。
• This book is a treasury of useful information.这本书是有价值的信息宝库。

2 jack   

n.插座，千斤顶，男人；v.抬起，提醒，扛举；n.（Jake）杰克

参考例句：

• I am looking for the headphone jack.我正在找寻头戴式耳机插孔。
• He lifted the car with a jack to change the flat tyre.他用千斤顶把车顶起来换下瘪轮胎。

3 bilateral   

adj.双方的，两边的，两侧的

参考例句：

• They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
• There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。

4 constructive   

adj.建设的，建设性的

参考例句：

• We welcome constructive criticism.我们乐意接受有建设性的批评。
• He is beginning to deal with his anger in a constructive way.他开始用建设性的方法处理自己的怒气。

5 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

6 investors   

n.投资者，出资者( investor的名词复数 )

参考例句：

• a con man who bilked investors out of millions of dollars 诈取投资者几百万元的骗子
• a cash bonanza for investors 投资者的赚钱机会

7 incumbent   

adj.成为责任的，有义务的；现任的，在职的

参考例句：

• He defeated the incumbent governor by a large plurality.他以压倒多数票击败了现任州长。
• It is incumbent upon you to warn them.你有责任警告他们。

8 pending   

prep.直到，等待…期间；adj.待定的；迫近的

参考例句：

• The lawsuit is still pending in the state court.这案子仍在州法庭等待定夺。
• He knew my examination was pending.他知道我就要考试了。

9 monetary   

adj.货币的，钱的；通货的；金融的；财政的

参考例句：

• The monetary system of some countries used to be based on gold.过去有些国家的货币制度是金本位制的。
• Education in the wilderness is not a matter of monetary means.荒凉地区的教育不是钱财问题。

10 makers   

n.制造者，制造商（maker的复数形式）

参考例句：

• The makers of the product assured us that there had been no sacrifice of quality. 这一产品的制造商向我们保证说他们没有牺牲质量。
• The makers are about to launch out a new product. 制造商们马上要生产一种新产品。 来自《简明英汉词典》

11 affected   

adj.不自然的，假装的

参考例句：

• She showed an affected interest in our subject.她假装对我们的课题感到兴趣。
• His manners are affected.他的态度不自然。

12 thoroughly   

adv.完全地，彻底地，十足地

参考例句：

• The soil must be thoroughly turned over before planting.一定要先把土地深翻一遍再下种。
• The soldiers have been thoroughly instructed in the care of their weapons.士兵们都系统地接受过保护武器的训练。

13 vice   

n.坏事；恶习；[pl.]台钳，老虎钳；adj.副的

参考例句：

• He guarded himself against vice.他避免染上坏习惯。
• They are sunk in the depth of vice.他们堕入了罪恶的深渊。

14 premier   

adj.首要的；n.总理，首相

参考例句：

• The Irish Premier is paying an official visit to Britain.爱尔兰总理正在对英国进行正式访问。
• He requested that the premier grant him an internview.他要求那位总理接见他一次。

15 irrational   

adj.无理性的，失去理性的

参考例句：

• After taking the drug she became completely irrational.她在吸毒后变得完全失去了理性。
• There are also signs of irrational exuberance among some investors.在某些投资者中是存在非理性繁荣的征象的。