China News Agency, Beijing, January 19th (Reporter Peng Dawei and Li Jinlei) Against the background of the global epidemic, geopolitical competition, and the ongoing Sino-US trade war, is the Chinese market still attractive?

  "In the past, China bashing was usually used during political campaigns, but now China bashing has become 'commonplace', which is not good for bilateral business relations. But for US companies, they continue to see China as a very important strategic market " Zheng Yi, president of the American Chamber of Commerce in Shanghai, said recently in the China News Agency's "East and West Questions China Dialogue" column.

  Zheng Yi pointed out that US policy makers require US companies to "reshore" or "near shore".

"Reshore" means bringing the company back to the United States; "nearshore" means moving the company closer to the United States.

Ironically, the word "globalization" is not a good word (in Washington) these days.

Data map: American customers visit the "China Textile and Apparel Trade Fair".

Photo by China News Agency reporter Liao Pan

  "There's a consensus in the U.S. that China should be considered a strategic competitor. So all policy will be shaped around that. In the past, China bashing was usually done during political campaigns, but now China bashing has become 'normal' ’ Yes, it’s not good for bilateral business relations,” Zheng Yi said.

  In his view, business interactions are beneficial to both countries.

But the U.S. is implementing a very protective policy, so it will take a while for things to become clear.

"Chinese companies have to figure out what to do next, but we tend to continue to work with Chinese companies to develop the Chinese market and are happy to see Chinese companies do well in the United States."

  Zheng Yi believes that the two countries are very integrated economically, whether in trade or investment.

It is in the best interests of both countries to maintain these strong commercial relationships.

It is hoped that this commercial relationship will serve as a "guardrail" for the two countries to move forward.

  In his view, China has a world-class infrastructure and ecosystem, and its manufacturing capabilities are very competitive.

Therefore, China still has a long way to go and will remain the world's factory for many years to come.

(Finish)