On the backdrop of a continuing worsening of Sino-US economic relations, China may suspend the issuance of licenses to US companies, the US-China Business Council (USCBC), referring to unnamed officials in Beijing, said. Sputnik discussed this information with a Chinese economist.
The US is effectively imposing more and more tariff and other trade restrictions on China, and it makes sense if China responds accordingly, said Sputnik Cheng Fengying of the World Economic Institute. at the Chinese Academy of Contemporary International Relations.
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"For the moment, however, such information has not been confirmed by the Chinese authorities. Also, should not we pay too much attention to these different interpretations. Be that as it may, I think the US behavior is too excessive and unpredictable, which creates uncertainty for China and the rest of the world, "said Sputnik's interlocutor."
He added that in the event of a worsening of the trade war, China would obviously not fail to respond as it should.
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"Market access is a major part of China's openness policy to the outside world, [...] and China, which never gives up on what it promises, will not give up on its openness policy either. Yet the current economic relations between China and the United States have actually deteriorated, and this is no longer just a question of trade, "Ms. Cheng said."
According to the latter, in the current situation, it is advisable to be careful not to admit an escalation.