How to improve trade with China

Four ‘to do’ items list­ed by a top offi­cial of Chi­na’s trade and invest­ment pro­mo­tion agency for a vis­it­ing US del­e­ga­tion. Com­peti­tors take note. The Chi­na Coun­cil for the Pro­mo­tion of Inter­na­tion­al Trade (CCPIT) pro­motes trade and invest­ment in both direc­tions. It’s “website”: is an essen­tial port of call for any­one look­ing for the offi­cial news, data and reports on trade and finan­cial affairs in Chi­na. CCPIT’s Vice Pres­i­dent recent­ly gave a vis­it­ing US del­e­ga­tion four tips on how to improve bilat­er­al trade and invest­ment that may hold lessons for oth­ers, too (ching­lish fol­lows) bq. Yu says visa has become a seri­ous hin­drance for prompt­ing the Sino-US trade, because a lot of man­age­ment per­son­nel and lead­ers of Chi­nese com­pa­nies will not go to the US very often for busi­ness due to the fin­ger­print prac­tice.

The US has not done enough work to push its export to Chi­na. The US gov­ern­ment ought to pro­mote export to Chi­na by using more resources.

The US has not done suf­fi­cient work in invit­ing invest­ment from Chi­na. The US actu­al­ly has demands to attract invest­ment and there are some Chi­nese com­pa­nies that are inter­est­ed to invest in the US. Both Chi­na and the US should work togeth­er in this area.

The SMEs in the two coun­tries need to strength­en coop­er­a­tion. The SMEs needs assis­tance from all areas because they lack resources. How­ev­er, indi­vid­u­als, gov­ern­men­tal depart­ments or trade asso­ci­a­tions are not like­ly to pro­vide SMEs with com­pre­hen­sive ser­vices. Both Chi­na and the US need to work togeth­er in this regard. (“Peo­ples Daily”:

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