(Yicai Global) April 25 -- The Chinese-American ‘One-Hundred Day Plan’ is a good start, but we don’t expect to solve all of our problems in that period, Cui Tiankai, Chinese ambassador to the US, said at the 2017 International Financial and Infrastructure Cooperation Forum in New York yesterday.
There are many complex problems between the two countries, Cui said, highlighting some structural problems as a key area. However, the hundred-day plan can still solve some issues, giving hope for the future. Both nations are making practical efforts and communicating effectively, he added, saying the improved exertion from each country is a significant of the initiative.
The strategy should be a joint-action plan, and not just a demand list from each nation, Cui added. It should have a clear, realistic goal, pushing both sides to make more effort. China must be vigilant to raise political awareness of economic and trade issues, he said.
China hopes the plan will promote a more comprehensive economic dialogue with the US in order to obtain better results. The initiative also reflects the determination of China to work with America to achieve these results more quickly.
“The benefit of mutual trade between both nations is obvious,” Cui said on trade issues, “but fairness is often a matter of opinion.” He added that the pair need to seek more balanced bilateral trade, and either through the expansion of trade or setting up trade barriers, tackle policy orientation. As long as both countries work together to find a positive, pragmatic solution, this should only be a matter of time, he said.