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Forbes: The United States now needs to cooperate with China more than ever

Forbes: The United States now needs to cooperate with China more than ever

by YCPress

Forbes: The United States now needs to cooperate with China more than ever

November 23. On the 22nd local time, Forbes magazine published an article stating that the United States now needs to cooperate with China more than ever, and the two sides have much in common on climate change, expansion of renewable energy use, and development of trade relations. point.

The article is excerpted as follows:

When US President Nixon visited China in 1972, he helped the two countries develop into a decades-long partnership, which also brought great opportunities to American companies. This is why Nixon’s Secretary of State Kissinger urged Biden to normalize relations between China and the United States.

The current U.S. government has imposed tariffs intended to harm China’s economic interests, but this has had the opposite effect: Moody’s Analytics and Bloomberg Economics both stated that this has caused damage to the United States. 

Although the United States and China may be economic competitors, they are also partners, and they have a lot in common, including finding solutions to climate change, expanding the use of renewable energy, and developing trade relations. China has announced that it will strive to reach the peak of carbon dioxide emissions by 2030, and strive to achieve carbon neutrality by 2060.

In addition, China recently signed a free trade agreement with 14 countries in the Asia-Pacific region, covering 2.2 billion people, accounting for 30% of the global GDP.

Kissinger recently stated at the Bloomberg New Energy Forum that China is an “old friend” and that the confrontational style adopted by the United States may cause irreversible damage. 

The economies of China and the United States are closely linked, and the US’s practice of using China as a “scapegoat” has hurt US interests. The vice chairman of the British Jane Group said that China’s green technology industry is trying to attract investors. China hopes to become a partner of the United States, and American venture capitalists are also eager to cooperate with Asia.

Eric Fang, chairman of the US National Center for Sustainable Development in Washington, said that China today is a modern economy with a highly educated workforce. This progress is driving the continuous development of smart cities that rely on clean energy, and has attracted companies such as Apple, Microsoft, Philips, Samsung, Siemens, and Tesla, all of whom want to sell their products to middle-class Chinese consumers.

“The United States should support China’s green efforts, which is good for the whole world,” Fang Hong said. The areas where China and the United States can cooperate are limitless, including wind energy and solar energy to battery storage and electric vehicles.

Trade disputes have no effect, because every action will have a corresponding reactionary force. In January 2018, the U.S. government imposed tariffs on Chinese solar panels, which it claimed was “aim to rescue American solar panel manufacturers, which account for only 5% of the global production market.” But the industry said that these tariffs have harmed the development of the solar industry and caused damage to climate change.

Abigail Ross Hopper, executive director of the American Solar Energy Industry Association, said in an interview: “We compete on prices, and if tariffs are added, the costs will be passed on to customers. In the end, It will have a negative impact on employment, investment and other aspects.” Hopper also mentioned that he has had many dialogues with the Biden team, and the other party also understands the impact of tariffs.

Isolationism is a failed idea, and the so-called “America First” policy is the latest example. From Ronald Reagan to Bush, to Bill Clinton and Barack Obama, everyone understands this. Because of this, Kissinger encouraged Biden to end similar (“America First”) policies. As Nixon said “it is more needed now than ever”, the United States can cooperate with China on climate change, green technology and free trade.