The Trump administration should not abandon long-standing U.S. policy on the status of Taiwan, warned a bipartisan report issued on Tuesday, calling such a move "exceedingly dangerous."
The U.S.-China relations are at a "precarious crossroads" and the two world powers could be on a "collision course," said the report by an expert task force convened by the Asia Society and the University of California San Diego.
All-out Trade war with China hurts U.S. itself
Even though Trump and his trade team have been talking tough on trade ties with China, Eswar Prasad, a senior fellow at the Brookings Institution,said that an all-out trade war with China would hurt U.S. itself eventually.
"That is a situation many of my colleagues and I would not like to see," Prasad said.
The U.S. became the largest recipient of booming Chinese outbound FDI in 2016, with 45.6 billion dollars worth of completed acquisitions and greenfield investments, according to a new report by the research firm Rhodium Group released on Dec. 30, 2016.
However, the report noted that "the political realities on both sides pose a major downside risk to both pending transactions and new deal flow in coming months."
Cumulative Chinese direct investment in the U.S. economy since 2000 exceeds 100 billion dollars, it said.
Contrary to what critics say China is stealing U.S. jobs, the rising Asian power is helping create tremendous jobs for Americans.
"Just give you a sense of broader impact (of Chinese aviation market) on the U.S. economy. Deliveries to China by Boeing support approximately 150,000 U.S. jobs every year, that's an incredible number," said Raymond L. Conner, vice chairman of Boeing Co., the largest U.S. exporter.
Boeing has forecast that in the next 20 years, China will demand 6,810 new aircrafts with a total value of about 1 trillion U.S. dollars. This demand will make China the biggest customer of Boeing commercial airplanes.
Chinese customers are expected to take delivery of 30 percent of all Boeing's top-selling 737 models and about 25 percent of all aircraft produced in Washington State and South Carolina, Conner said. Closer people-to-people exchanges enhance bilateral ties.
"People-to-people exchanges between the two countries continue to strengthen even at a time we are having difficulties politically," Stephen A. Orlins, President of the National Committee on U.S.-China Relations, told Xinhua at a reception in New York to raise funds to build a panda pavilion in the city's iconic Central Park on Wednesday.
"I believe we'll get to the promising land of a constructive U.S.- China relations in a long term," Orlins said.
The host of the Black & White Panda Ball is The Pandas Are Coming to NYC, a nonprofit group spearheaded by U.S. Congresswoman Carolyn Maloney together with Wall Street businessman Maurice R. Greenberg, Chinese fashion icon Yue-Sai Kan and billionaire Gristedes supermarket-chain owner John Catsimatidis in 2016.
The project has received support from New York Governor Andrew Cuomo and Mayor Bill de Blasio and Chinese Consulate General in New York.
"Pandas represent joy, love and friendship. It's a symbol of good luck, which our city can use more of," Maloney, who wore a black dress with white polka dots, said to guests at 45 tables in the Skylight Roof at the Waldorf Astoria New York hotel.
Three million mainland Chinese visited the United States in 2016, and about 950,000 made a trip to New York.
Over 300,000 Chinese students are studying in the U.S. and about 20,000 American students in China, Orlins noted, adding these young people who better understand each other's country will be "our successors" to promote U.S.-China friendship.
"That will help create a lasting bond for the two countries no matter what the government does," he said.
