2018年CRI Analysts urge China to "fight back" amid Sino-U.S. trade frictions

 

As the Sino-U.S. trade dispute escalates¹, economists² from a leading Chinese think tank have called on China to fight to the end, and not to yield to pressure.

Trade frictions³ between China and the United States have continued to grow, as the American side threatens to impose tariffs⁵ on more products imported from China.

The move follows on the heels of the Section 301 investigation⁶ launched by the Trump⁷ administration last year into so called Chinese intellectual property and technology transfer practices.

Guo Kai, a member of Chinese think tank the China Finance 40 Forum⁸, says the only way for China to solve the dispute is to fight back.

"If you take a closer look at the results of their Section 301 investigation, you find that most of the content is based on their own speculation⁹. What they want has nothing to do with what they do, and their only goal is to impose tariffs. According to U.S. media reports, Trump once claimed he only cared about tariffs and had never considered anything related to intellectual property rights. Therefore, the trade war is totally U.S.-provoked. Under this circumstance, the only solution is to fight back," said Guo.

One of the Trump administration's justifications¹⁰ for the tariffs is that they help to solve what it sees as the problem of the United States trade deficit¹¹. 

But as Ha Jiming, a senior researcher also from the China Finance 40 Forum, points out, tariffs aren't a solution to America's economic problems.

"Figures have shown that the employment growth in the United States is far below market expectations, yet salary levels continue to rise. If more tariffs are imposed, inflation will rise, making the Federal Reserve increase the interest rate. The influence on capital market will negatively affect the real economy, which might further affect people's retirement¹² funds," said Ha.

Since President Trump announced on March 1st that he would impose tariffs on imports of steel and aluminum¹³, the U.S. stock market has shrunk by 800 billion U.S. dollars, an amount equal to four percent of the country's GDP.

Ha Jiming thinks that a trade war between China and the United States could be a major blow for the global economy and may trigger a deep recession.

In the face of the recent threats from the United States, China has steadfastly¹⁴ held to its position that it is fully¹⁵ prepared and will not hesitate to strike back fiercely in response to U.S. tariff⁴ escalations.

At the same time, it has continued to open its market and promote trade liberalization and investment facilitation.

Analysts¹⁶ believe that by expanding its market, China has been sharing the benefits of its economic growth with the world, and in doing so is contributing to the multilateral trade system.

1 escalates   

v.（使）逐步升级( escalate的第三人称单数 )；（使）逐步扩大；（使）更高；（使）更大

参考例句：

• As the challenge escalates, the need for teamwork elevates. 面临的挑战越大，越需要团队协同合作。 来自互联网
• I cannot understand why a minor disagreement escalates into a fist-fight. 我真不明白为什么一点意见不合就变成了拳头相见。 来自互联网

2 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

3 frictions   

n.摩擦( friction的名词复数 )；摩擦力；冲突；不和

参考例句：

• Family frictions can interfere with a child's schoolwork. 家庭中的争吵会影响孩子的学业。 来自《简明英汉词典》
• As far as we are concerned, these frictions are not of our own making [have been imposed on us]. 就我们来说，这种摩擦是被动式的。 来自《现代汉英综合大词典》

4 tariff   

n.关税，税率；(旅馆、饭店等)价目表，收费表

参考例句：

• There is a very high tariff on jewelry.宝石类的关税率很高。
• The government is going to lower the tariff on importing cars.政府打算降低进口汽车的关税。

5 tariffs   

关税制度； 关税( tariff的名词复数 )； 关税表； （旅馆或饭店等的）收费表； 量刑标准

参考例句：

• British industry was sheltered from foreign competition by protective tariffs. 保护性关税使英国工业免受国际竞争影响。
• The new tariffs have put a stranglehold on trade. 新的关税制对开展贸易极为不利。

6 investigation   

n.调查，调查研究

参考例句：

• In an investigation,a new fact became known, which told against him.在调查中新发现了一件对他不利的事实。
• He drew the conclusion by building on his own investigation.他根据自己的调查研究作出结论。

7 trump   

n.王牌，法宝；v.打出王牌，吹喇叭

参考例句：

• He was never able to trump up the courage to have a showdown.他始终鼓不起勇气摊牌。
• The coach saved his star player for a trump card.教练保留他的明星选手，作为他的王牌。

8 forum   

n.论坛，讨论会

参考例句：

• They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
• The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

9 speculation   

n.思索，沉思；猜测；投机

参考例句：

• Her mind is occupied with speculation.她的头脑忙于思考。
• There is widespread speculation that he is going to resign.人们普遍推测他要辞职。

10 justifications   

正当的理由，辩解的理由( justification的名词复数 )

参考例句：

• If he a vulgar person, she does not have justifications for him. 如果他是个低级趣味的人，她早就不会理他了。
• It depends on their effect on competition and possible justifications. 这则取决于它们对于竞争的影响和可能存在的正当抗辩理由。

11 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

12 retirement   

n.退休，退职

参考例句：

• She wanted to enjoy her retirement without being beset by financial worries.她想享受退休生活而不必为金钱担忧。
• I have to put everything away for my retirement.我必须把一切都积蓄起来以便退休后用。

13 aluminum   

n.(aluminium)铝

参考例句：

• The aluminum sheets cannot be too much thicker than 0.04 inches.铝板厚度不能超过0.04英寸。
• During the launch phase,it would ride in a protective aluminum shell.在发射阶段，它盛在一只保护的铝壳里。

14 steadfastly   

adv.踏实地，不变地；岿然；坚定不渝

参考例句：

• So he sat, with a steadfastly vacant gaze, pausing in his work. 他就像这样坐着，停止了工作，直勾勾地瞪着眼。 来自英汉文学 - 双城记
• Defarge and his wife looked steadfastly at one another. 德伐日和他的妻子彼此凝视了一会儿。 来自英汉文学 - 双城记

15 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

16 analysts   

分析家，化验员( analyst的名词复数 )

参考例句：

• City analysts forecast huge profits this year. 伦敦金融分析家预测今年的利润非常丰厚。
• I was impressed by the high calibre of the researchers and analysts. 研究人员和分析人员的高素质给我留下了深刻印象。