ANALYSTS SAY CHINA-US TIES TO REMAIN SMOOTH UNDER OBAMA PRESIDENCY
Channel News Asia, November 6, 2008
BEIJING: Chinese analysts said the administration of Barack Obama is unlikely to undertake major changes to US-China relations. But the newly-elected president is expected to place more emphasis on trade and currency issues, a traditional source of friction between US and China.
Channel News Asia, November 6, 2008
BEIJING: Chinese analysts said the administration of Barack Obama is unlikely to undertake major changes to US-China relations. But the newly-elected president is expected to place more emphasis on trade and currency issues, a traditional source of friction between US and China.
The historic moment for the US was also the time for China to figure out the most pivotal person they'd have to work with in the next four years. Chinese analysts believe that Obama appears to be a proponent of a fairer trading system. He believes that China's unfair advantage in wages and labour standards had taken jobs away from Americans and contributed to the US deficit. Therefore, higher labour standards, environmental protection and product safety are likely to top the newly-elected president's China agenda.
But given the ongoing global financial crisis, Mr Obama is also likely to seek Beijing's co-operation. He has also indicated the importance of China in helping to resolve the Iranian and North Korean nuclear situations.
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