“China has a huge energy deficit,” says Eric Fang, president of thein Houston. “Oil, LNG, liquefied petroleum gas and chemicals are much needed in China. China can invest in U.S. producers. The agreements with West Virginia and Alaska stopped because of the trade war. But there will be a turning point to get them going. Let’s be patient and get this going in the right direction. The LNG market has incredible potential.
Indeed, potential cooperation extends to other areas of the world. President Jimmy Carter wrote in the Washington Post that the two have a shared interest in Africa and that continent would be a good starting point to remake the relationship. Africa is starved for investment, notably to bring electricity to the half-billion people located there without it. There are also political disputes in North Korea and Iran — ones where the two sides have a common cause.
“China and the United States are the world’s two biggest economies,” one Chinese official told a delegation of U.S. reporters in Beijing. “Stable relations serve the interest of our two countries. There is a common desire for the world-at-large. We feel the American side is always increasing its demands and changing its policies. Our policy is to regard foreign and domestic companies as equals.
“China never asks foreign companies to transfer their technology,” the official adds. “This is not our policy. We are opening up to foreign companies even wider. It might have been a problem in the past but there is no forced technology transfer now. There are mechanisms and regulations in place to deal with any abuses. Domestic and foreign companies compete on a level playing field.”
At least one Danish manufacturer with offices in Shanghai agreed, saying that the company partners with Chinese distributors because the locals know the language, culture and rules. But they sign non-disclosure agreements that safeguard company trade secrets. Others, however, said that any complaints are channeled through the regulators who write the rules, meaning they are not fair arbiters.
China is totalitarian fascist dystopia, without free press or free access to the internet. Cheating itself to number one by enslaving hundreds of millions of Chinese Labour slaves and destroying the environment. China must change or it will be destroyed from in,- and outside
China needs some sanctions on their economy for monetary manipulation.
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Bloomberg could handle this one so easily.
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