With its unparalleled competitive edge in infrastructure building, China could become the US’ best partner in its ambitious infrastructure plan for four reasons. Chinese President Xi Jinping (R) and his US counterpart Donald Trump (L) take a walk to further discuss bilateral cooperation issues in the Mar-a-Lago resort in Florida, the United States, April 7, 2017. [Photo/Xinhua] The recent meeting between Chinese President Xi Jinping and his US counterpart Donald Trump in Florida concluded with both sides saying it put bilateral ties on track. Xinhua News Agency said that during the meeting, Xi urged the two countries to push forward the negotiation on the Bilateral Investment Treaty, promote healthy bilateral trade and investment, explore and develop pragmatic cooperation in infrastructure and energy fields.
Experience gained overseas creates bridges that are helping reshape country's business landscape and economy With the implementation of the Made in China 2025 and Internet Plus action plans, China is looking forward to a golden era of popular entrepreneurship and innovation. The recent surge in well-educated Chinese returning from overseas employment or study is a key part of the startup boom. Until 2008, foreign venture capital firms were the dominant players in the market. But renminbi funds have soared and are now two-thirds of the market. Many founders of Chinese venture capital companies are returnees. Their skills and knowledge are a kind of catalyst for both startups and VCs.
After Trump pulled the US out of the Trans-Pacific Partnership (TPP), which took years of negotiations, many countries - such as Australia and New Zealand - are encouraging China to consider to join it in order to avoid its collapse, eventually replacing the US as head of the deal. Nowadays, the gap between China and US aspirations is increasing, with Trump’s “America first” policy on the one hand, and China promoting globalization and free trade on the other. China is broadly committed in multilateral trade, being already a member of RCEP and FTAAP. Why should it consider to join TPP? And most importantly, is it ready to take the leadership role in the deal?