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wchao37 Post time: 2018-10-29 18:09
I have no doubt that this is a sign they have lost the trade war.
Levying tariffs on Chinese antiq ...
If we read Pence's speech between the lines, the US objective is to remake China.
Martin Wolf at Financial Times has just responded on this.
He argued China is not the west to make or remake. He said China belonged to the Chinese and nobody else.
Additionally, China's political organization is likely to remain indefinitely and different from the west's whose organizations seem more like China's these days than the other way round.
He further stressed that the west should focus on principled and consistent ways to resolve issues regarding behaviors which must first be defined precisely and measurably - NOT try to halt China's development, which would be plainly wrong.
He pointedly asked if the west want China to abide by their trade rules, how about they doing so themselves as well.
He questioned if the west want recognition of intellectual property and human rights, why not admit their IP rights have been excessive and burdensome all along, and why not recognize first their own faults with regards human rights. He pointed out the Chinese know hypocrisy when they see it.
He argued that while some of China's natural development may overlap with those of the west, China is also a vital and essential partner with the west to maintain stability of the world economy and to manage climate change, both of which will be impossible without cooperation with China.
He stressed that the west must never sink their relationship with China into just a strategic rivalry which would inevitably draw reactions rather than cooperation as it would happen if anyone else was to do the same to them.
So that, by the same argument, China can, as it should be so, an equal ally to the world - in which the US remains to play a part as one of many and not as a US above all others by seeking to strike up divisive and destructive ideological and economic clans against China.
Wolf concluded the only way forward for all is to create new ideas which depend on inputs from everywhere and everyone into the future, not protect old ones out of fear carried by a misguided few despite those old ideas having already been found irrelevant and diminishing of the true potential for global prosperity and peace.