Hinrich Foundation Representatives and US journalists dissect US-China trade relations
September 11, 2017, Hong Kong – Hinrich Foundation representatives and resource speakers yesterday met with visiting American journalists for a two-part discussion on the dynamics of the US-China trade relations and the findings in the book Developing China: The Remarkable Impact of Foreign Direct Investment, commissioned by the foundation, which presented the full impact of foreign direct investment (FDI) to companies and host economies with the world’s second largest economy in focus.
Journalists from CNN Newsource, Missoulian Newspaper, CNBC, USA Today, The Boston Globe, and Politico, who are part of the 2017 China-United States Journalists Exchange program of the East-West Center, were present in the dialogue led by Stephen Olson, Hinrich Foundation Research Fellow and Michael J. Enright, author of the Developing China book and leading expert on competitiveness, regional economic development, and international business strategy.
Kathryn Dioth, Chief Executive Officer of Hinrich Foundation noted the importance of getting the researches conducted by the Foundation out for people to use to make informed decisions particularly those related to trade.
“We invest in the research that Steph and Michael have done and what’s really important to us is that we get that research out into the hands of the people who needs to understand the findings of the research and the best way to do that is through the media … journalists have the ability to distribute our content into a much broader community and so journalists represent one of the ways that we can disseminate the research that we do.”.
“We’re not specifically trying to push a point of view, we’re trying to present facts and that’s very important. It was a perfect opportunity to get a group of American journalists, give them some information that they can use when they’re analyzing situations related to trade, we’ve given them a couple of resources when they’re writing … that’s our way of making sure that we disseminate the research that we invest in because you know you can write research but if you can’t disseminate it, then it’s wasted money and time.”.
Hinrich Foundation, which promotes sustainable global trade, invests in supporting trade scholarships and career development, offering export trade assistance, and initiating international trade research and analysis aimed to help government, businesses and civil society make better and informed decisions on anything related to trade.
Mrs. Dioth added: “These journalists are going back to the US market where trade is top of the topics right now. Everything has to do with trade in the Trump administration … the fact that we’re doing this type of research right now and the US market trade is so topical, it’s a perfect storm right now that we’re in a position to be able to help people understand this better.”.
Mr. Olson, for his part said the dialogue is an opportunity for the Foundation to share its view to the foreign journalists.
“Hinrich Foundation is interested in promoting sustainable global trade and as the two largest economies in the world, it is absolutely critical that the US-China have a smooth and effective and mutually-beneficial trading relationship. We’re happy to talk with our friends and collegues in the media to help get out the word on international trade and the importance of international trade and benefits of international trade.”.
“It’s an opportunity to share our perspective for whatever it might be worth to them.”.
In his discussion, Mr. Olson talked about the implications of pending trade agreements to global trade like the Trans-Pacific Partnership (TPP) after the US withdraw its support, the China-led Regional Comprehensive Economic Partnership (RCEP) and the US-China trade relations under the Trump administration.
Mr. Enright meanwhile related the findings presented in his book Developing China: The Remarkable Impact of Foreign Direct Investment and among others, underscored how China benefits “far more” than US companies from their presence in China. Among his conclusions is that China has much to gain from opening further to foreign invested enterprises (FIEs) and US-foreign affiliates (FAs) in particular, and much to lose if it does not.”.
Hinrich Foundation just last month launched the Chinese-language edition of the book in Beijing. The English-language version of the book was released in September, 2016.
Looking ahead, the Foundation is keen on pursuing more events tied with journalists still as part of its information dissemination efforts.
About the author – Charlee Delavin