Descripción de Obama's Policy on China: More Trade Disputes Expected:

Follow us on TWITTER: http://twitter.com/cnforbiddennews Like us on FACEBOOK: http://www.facebook.com/chinaforbiddennews US President Barack Obama gave his State of the Union speech before this year's presidential race. The speech mentioned about China five times, all about trade related issues. Obama announced to form a new Trade Enforcement Unit, to investigate unfair trade from China, among others. Scholars say Obama' attitude on China is clearly toughening, the US-China trade disputes may thus get more intense. US President Obama's State of the Union address covers the important topics of domestic and foreign policy. Obama pledged to take actions in areas of employment, education, immigration, energy, health care reform, etc.. With 8.5% unemployment rate, revitalizing the weak economy was the focus of Obama's State of the Union address. Obama clearly stated the goal of "economic justice." He slammed problems like financial fraud, government's obsolete regulations, and disparities in wealth. He announced the rich should pay at least 30% income tax. Obama said, "Now, you can call this class warfare all you want. But asking a billionaire to pay at least as much as his secretary in taxes? Most Americans would call that common sense." The two leading candidates of Republican presidential primary Romney and Gingrich, criticized Obama. They called Obama's words "left-wing ideology," and said the US$ 787-billion economic stimulus package had failed. Moreover, the increased taxes and excessive governmental interference with enterprises' development will be counter-productive. Obama mentioned "China" or "Chinese" five times in his speech, showing an attitude toward a tougher line. He said, "We've brought trade cases against China at nearly twice the rate as the last administration - and it's made a difference." BBC analyzed that Obama will seek this year's presidential re-election, this maybe an important reason for his toughness. Ming Xia, Political Science Professor, City Univ. of New York, says China issue is a hot topic for US presidential candidates. Prof. Xia Ming, "Clearly Obama prioritizes the revival of the US economy, the key is to create jobs. That relies on the US manufacturing's revitalization. So, it'll face an important challenge. How to deal with competition from China? He passed some protectionist trade measures. Meanwhile, he wants to press China's protectionism, for free and fair competition." Obama announced to form a Trade Enforcement Unit. This will help stopping unfairly subsidized and infringing products imported from China and other countries. He gave an example, "Over a thousand Americans are working today because we stopped a surge in Chinese tires." Since 2000, annual US exports to China have risen by 15%. China has become US' fastest growing major export market. With China's inflation, rising wages and RMB appreciation, doing business in China is getting more expensive, he said. On January 25, the IMF said that over the past three months, RMB has appreciated by 19% at annual rate adjusted for inflation. In 2011, RMB appreciated over 8%. China is facing slowing economic growth, rising inflation, shrinking exports and manufacturing, plus the EU debt crisis. Beijing-based economist Feng Xingyuan and some experts expect RMB's exchange rate fluctuations to improve in 2012. Feng Xingyuan: "China's inflation is so high, RMB in itself should also have a trend in depreciation. But internationally, the political pressure requests its appreciation. Considering the forces from these two different directions, I expect RMB will still show a trend of appreciation." The US Dept. of Commerce announced anti-dumping investigations on wind towers exports from China. Earlier, the same probe has been carried out on China's wooden bedroom furniture, among others. In contrast, China levied anti-dumping and countervailing duties on some US imported cars' brands. Xiao Lian, director of Chinese Academy of Social Sciences Research Center, expects changes for Obama's China policy. The US has shifted its strategic focus toward the Asia-Pacific, thus more US-China trade disputes can be expected. NTD reporters Qing Xue, Li Yuanhan and Sun Ning 《神韵》2011世界巡演新亮点 http://www.ShenYunPerformingArts.org/