Tim Stratford, chairman of American Chamber of Commerce in China, said he believed the “phase one” deal currently under discussion could prevent a further “downward spiral” in the dispute but feared the US did not have enough leverage to push Beijing into restructuring its state-led economic model.
“The reality remains that the Draft Implementing Regulations do not address clear differences between the treatment of China’s state-owned enterprises and the private sector,” the U.S. Chamber of Commerce, the American Chamber of Commerce in China and the U.S. Information Technology Office wrote in joint comments obtained by POLITICO.
Chairman of the American Chamber of Commerce in China and former US assistant trade representative Tim Stratford claimed that "phase one" of the China-US trade war agreement will greatly benefit the farmers. He said that it would prevent the struggling economy of China from experiencing more economic decline.
“Each government has some legitimate national security concerns,” Tim Stratford, the chairman of the American Chamber of Commerce in China, said in an interview in Beijing.“We in the business community hope these issues can be resolved in a way that protects both countries’ national security but gives us as much space for doing business as possible...