A Perspective on CHN-US Trade Relations Based on the Perspective of the New Crown Epidemic

The Covid-19 pneumonia epidemic has broken out and spread in more than 215 countries, with more than 7 million confirmed cases worldwide, which will definitely have a huge negative impact on the global economy, and it has also given birth to populism and trade protectionism in some countries such as the United States. In particular, the trade friction between China and the United States has not been completely resolved, and the direction of the trade relationship has become an important issue in the post-epidemic era. Using retrospective research methods, dynamic analysis methods, and path analysis methods, we discovered the uncertainties in Sino-US trade relations under the epidemic. In the post-epidemic era, Sino-US trade relations will show long-term trade disputes, accompanied by complex politicization and normalization of talks while fighting. However, Sino-US trade is highly interdependent and cannot be divided. Therefore, China upholds to jointly build a community with a shared future for mankind, comprehensively deepens reform and opening up, adheres to dialogue and consultation, stabilizes the ballast of economic and trade relations, crosses the "Thucydides trap", and implements the strategy of expanding domestic demand to take the lead in restoring the economy during the epidemic. Responding to the trade war provoked by the United States against China also provides reference for in-depth research on trade-related theories.

The 2020 Chinese export control law: a new compliance nightmare on the foreign trade law horizon?

On 1 December 2020, the Export Control Law of the People’s Republic of China entered into force. The PRC’s first comprehensive piece of legislation on export control had been passed by the Standing Committee of the National People’s Congress on 17 October 2020 after a three-year legislative process. Regarded as one of the PRC’s key responses in the engulfing China-United States trade dispute, the law has attracted wide public attention. It has been described as “a new flashpoint in EU-China relations” posing “substantial challenges for European companies”. The compliance costs of European companies who have a direct or indirect trade relationship with China will likely increase as a consequence of the ECL and so does the legal uncertainty involved in doing business in and with China. The essay will examine the ECL’s background (1) as well as its legislative approach and key provisions (2). It will then attempt to gauge the ECL’s immediate impacts and project its potential future developments (3).

Chapter 7: Prospects for Agri-Food Trade Between Russia and China

China features prominently in Russia’s medium-term export targets and is also considered to be an important investment partner for developing agriculture in the Russian Far East. Meanwhile, China is seeking to mitigate economic risks by diversifying import supply channels; Russia features as one such supplier. However, this chapter cautions that the agricultural and food trade relationship remains vulnerable to a range of operational, technical, and policy hurdles. These obstacles dovetail with political imperatives on both sides for self-sufficiency, which limits the scope for trade. Thus, China is and will continue to be an expanding market for Russian agricultural goods, but there are tenuous realities in terms of concrete cooperation.

Mexico’s Trade Relationship with China in the Context of the United States–China Trade war

The Mexico–China economic relationship is highly asymmetric, although the amount of total trade between the two countries has grown rapidly in the last ten years. Chinese exports to Mexico have grown exponentially and have diversified into different economic sectors. In contrast, Mexican exports to China have also grown but at a much slower pace and the pattern shows more concentration in fewer products. Paradoxically, in the context of the United States–China trade war, the Mexican economy has benefitted from the increase in tariffs that the United States has imposed on Chinese products. In 2019, for the first time, Mexico displaced China as a main trade partner of the United States. In this context, this article analyses the current economic relationship of Mexico with China and the United States in a triangular scheme, the impact of the United States–Mexico–Canada Agreement on the China–Mexico relationship, and Mexico's trade relationship with both economies in the context of the trade war.

Econometric Analysis of Dutch Disease Implication of China-Africa Trade

This study revisits the analysis of the Dutch disease implication of China-Africa trade for Africa’s non-mineral resources sectors; specifically, manufacturing and agricultural sectors, while focusing on the trade relationship between China and 27 African countries for the period of 19years, 2001 to 2019. This prompted an econometric analysis with the use of two-step dynamic (difference and system) panel Generalized Method of Moment (GMM) models, which was also complemented with dynamic least squares panel econometric regression. The preliminary analysis revealed that Ethiopia is the largest African trading partner with China, with an average of about 21percent China-Ethiopia trade ratio, while Botswana has the least trade relation with China, with 1.5percent Botswana-China trade ratio. The result of our econometric analyses suggests that higher China-Africa trade has the potential to reduce Africa’s manufacturing value-added. In other words, China-Africa trade is not causing Dutch disease in Africa but has the potential to cause Dutch disease in the future. Furthermore, the result suggests that higher China-Africa trade has the potential to increase Africa’s agricultural sector productivity. This implies that China-Africa trade has no tendency of causing Dutch disease in the agricultural sector. Our results are robust to different data structures for the dynamic GMM model.

Who Had Their Cake and Ate It? Lessons from the UK’s Withdrawal Process and its Impact on the Post-Brexit Trade Talks

This Article highlights the legal and procedural restrictions a Member States faces during its withdrawal from the EU and subsequent talks on a future trade relationship by analyzing the unprecedented case of the UK. One such restriction consists of an obligation to negotiate withdrawal as a result of the principle of sincere cooperation. Other limits derive from the withdrawal process itself, designed as it was by the European institutions on the basis of a very scant Article 50 TEU. By then comparing the three substantive pillars of the EU-UK WA—citizens’ rights, the financial settlement, and the Irish border— with the UK’s initial negotiating red lines, I offer two conclusions: That the aforementioned constraints on the withdrawing state can significantly weaken the defense of its interests during its withdrawal process and that having to agree to important issues in a first and separate stage of “orderly withdrawal” talks also diminishes the state’s bargaining power with regards to the next stage of negotiating a future partnership with the EU.