China-US Trade Relations: Think tanks discuss solutions to trade dispute ahead of G20 Summit
As the trade war between China and the United States continues, think tanks from the G20 countries have gathered in Shanghai to discuss possible solutions. CGTN's Wang Mengzhen has more.
In just two months' time, the G20 summit will go to Buenos Aires, Argentina. It will be the first time that a G20 meeting is held in South America.
But over in China's financial capital, Shanghai University and Argentina's International Relations Council are collaborating to host this special T20 forum.
The Think20 is a network of research institutes and think tanks from G20 countries.
Addressing the forum, the Argentinian ambassador to China, also a two-time ambassador to the US, remains optimistic about the current trade disputes between the world's two largest economies.
DIEGO RAMIRO GUELAR ARGENTINIAN AMBASSADOR TO CHINA "US and China are more partners than enemies. They are interested finally in reaching an agreement. As the meeting will be after the mid-term election in the US. This confrontation atmosphere is going to be finished."
So, what kind of solutions remain to de-escalate China-US trade tensions? Global scholars are having their own say here during the two-day forum.
JIANG SHIXUE, VICE PRESIDENT CHINA SOCIETY FOR THE EMERGING ECONOMIES "The concerned parties should sit down and have a cup of coffee and discuss solutions. If they can find a joint solution and make some compromises, there will be a win-win. "
BENJAMIN GEDAN, FELLOW WILSON CENTER, UNITED STATES "I think it's important that president Xi and President Trump have an opportunity to negotiate face to face. What I don't believe is President Trump's views are being shaped by the election or narrow political calculations in the US."
GREGORY MILLS, DIRECTOR BRENTHURST FOUNDATION, SOUTH AFRICA "A real win is a resurgence or reinvigoration of WTO."
WANG MENGZHEN SHANGHAI "Today is also the 5th anniversary of the founding of the Shanghai Pilot Free Trade Zone. The area is just one example of China's transformation over the past 40 years of reform and opening-up. Experts predict that the G20 summit in Argentina this November will be a prime time for China, the United States, and other leading economies, to negotiate current trade disputes. WANG MENGZHEN, CGTN, SHANGHAI."