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BEIJING Authentic Mason Cole Jersey , July 21 (Xinhua) — The first China-U.S. Comprehensive Economic Dialogue (CED) concluded in Washington on Wednesday with a certain consensus reached, yet little progress has been made due to the excessive demands from the U.S. side, according to a Sputnik analysis on Thursday.
Jin Canrong, a professor in the School of International Studies of Renmin University in Beijing, told Sputnik that the unsatisfactory result of the CED stemmed from the high price proposed by the U.S. side.
“The results of the economic dialogue failed to meet expectations. Personally, I think the main reason is that the asking price from the American side was too high. China has already made promises on a number of concessions on increasing imports from the United States and improving market access for American companies Authentic Christian Kirk Jersey ,” Jin said.
The Trump administration may have proposed very high and specific targets on reducing the U.S. trade deficit with China, which Beijing found impossible to fulfill, Jin added.
“It seems there is a target to cut the U.S. trade deficit with China by 50 percent in one year’s time. This is only achievable by reducing Chinese exports to the United States, which could cause serious unemployment problems in China. Chinese authorities would never allow that,” Sputnik quoted Jin as saying.
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