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(单词翻译:双击或拖选)
The Chinese say they're willing to change the rules that protect their precious auto1 industry. That'd be the industry companies like General Motors have spent a generation building with Chinese partners because, over there, he who controls the government rules.
President Xi Jinping says he would reduce tariffs2 on foreign-made cars and trucks. That might mean something if, say, GM exported more than 200 Camaros a year there. The rest of the four million vehicles it sells in China are made in China.
Chinese planners say they would be open to full foreign ownership of their automakers. That would reverse more than 20 years of partnership3 with Detroit companies – precisely4 the kind of relationship the government used its heavy hand to broker5.
What's changed here? Depends on who's asking.
President Donald Trump6 and his cheering section credit pressure from the guy in the Oval Office. Trump alone has the guts7 to take on the Chinese, to slap $150 billion in tariffs on exports to the United States. He alone understands that China needs the rich U.S. market more than Americans need China.
Not so fast. There's a reason the Chinese are suddenly so magnanimous and it has nothing to do with the Twitterer-in-Chief.
After two decades of partnering with GM, Ford8 Motor, and Volkswagen, China's own auto industry is maturing – fast.
Some of its biggest players are acquiring prominent global assets and turning them around. Chinese automaker Geely did it with Sweden's Volvo Cars. They're taking massive stakes in the industry's crown jewels; Geely acquired nearly 10 percent of Mercedes-Benz parent Daimler AG, shocking Germany's power structure.
They're preparing to enter the rich U.S. market with their own Chinese-built and Chinese-branded cars. Guangzhou Automobile9 said as much at this year's Detroit auto show.
These are not passive players patiently earning their way into the automotive Big Leagues like the Japanese did. They're formidable, with big checkbooks and appetites for risk.
Promising10 to drop import tariffs on American-made metal doesn't mean much on the ground. President Xi gives Trump the proverbial sleeves from his vest, Trump gets a win to tout11 on Twitter, and the trade-off paves the way for China to pocket a more important concession12.
Same for foreign ownership of Chinese automakers.
What's more likely: that an American automaker already operating in China acquires its partner outright13? Or that a Chinese partner steeped in the global industry marshals capital to buy a foreign rival and get a one-way ticket to America?
There are all sorts of political reasons why that probably would not happen. But that doesn't mean it couldn't or that it never will. If Trump is playing a long game here, the Chinese are playing a longer one.
That's one reason Detroit's automakers are publicly silent about apparent Chinese concessions14. They've spent enough time in China to know few things can be taken at face value — and that includes telling an American president what he wants to hear.
Daniel Howes is a columnist15 at The Detroit News. Views expressed in his essays are his own and do not necessarily reflect those of Michigan Radio, its management or the station licensee, The University of Michigan.
1 auto | |
n.(=automobile)(口语)汽车 | |
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2 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 | |
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3 partnership | |
n.合作关系,伙伴关系 | |
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4 precisely | |
adv.恰好,正好,精确地,细致地 | |
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5 broker | |
n.中间人,经纪人;v.作为中间人来安排 | |
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6 trump | |
n.王牌,法宝;v.打出王牌,吹喇叭 | |
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7 guts | |
v.狼吞虎咽,贪婪地吃,飞碟游戏(比赛双方每组5人,相距15码,互相掷接飞碟);毁坏(建筑物等)的内部( gut的第三人称单数 );取出…的内脏n.勇气( gut的名词复数 );内脏;消化道的下段;肠 | |
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8 Ford | |
n.浅滩,水浅可涉处;v.涉水,涉过 | |
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9 automobile | |
n.汽车,机动车 | |
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10 promising | |
adj.有希望的,有前途的 | |
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11 tout | |
v.推销,招徕;兜售;吹捧,劝诱 | |
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12 concession | |
n.让步,妥协;特许(权) | |
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13 outright | |
adv.坦率地;彻底地;立即;adj.无疑的;彻底的 | |
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14 concessions | |
n.(尤指由政府或雇主给予的)特许权( concession的名词复数 );承认;减价;(在某地的)特许经营权 | |
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15 columnist | |
n.专栏作家 | |
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