Home > News > Content
Where Packaging And Printing Will Sino-U.S. Trade War Formally “stops The War”. Where Will Packaging And Printing And Paper Prices Go?
- May 28, 2018 -

Finally, after a fierce game of two days and two nights, the new round of negotiations between China and the United States ended. On May 19, China and the United States issued a joint statement on bilateral economic and trade consultations in Washington.

It can be determined that Sino-US trade war, ceasefire! Stop the fight! Do not fight!

It is an important moment for both parties and the world.

It is really "The two sides of the straits can't help but the light boat has passed the Wanzhong Mountain." China and the United States subsequently issued a joint statement. Then, after Sino-U.S. reconciliation stopped the trade war, what impact will it have on domestic paper packaging and packaging printing markets?

Trade war settlement Packaging printing or multiple good

China and the United States issued a joint statement on bilateral economic and trade consultations in Washington on the 19th. The statement reads as follows:

According to the instructions of President Xi Jinping and President Trump, from May 17th to 18th, 2018, the Chinese delegation led by Chairman Xi Jinping’s special envoy and vice-premier Liu He, and representatives from the Ministry of Finance, Mr. Mukuchin, Secretary of Commerce Ross, and trade representatives. The U.S. delegation of members such as Letsigze has conducted constructive consultations on trade issues.

The two sides agreed that effective measures will be taken to substantially reduce the US trade deficit with China’s goods. In order to meet the growing consumer demand of the Chinese people and promote high-quality economic development, China will greatly increase the purchase of goods and services from the United States. This also helps the U.S. economic growth and employment.

The two sides agreed to meaningfully increase the export of US agricultural products and energy. The US will send a delegation to China to discuss specific issues.

The two sides discussed the expansion of manufacturing products and services, and reached consensus on creating favorable conditions for increasing trade in the above-mentioned areas.

The two sides attach great importance to the protection of intellectual property rights and agreed to strengthen cooperation. China will promote the revision of relevant laws and regulations, including the Patent Law.

Both parties agree to encourage two-way investment and will strive to create a fair and competitive business environment.

The two sides agreed to continue to maintain high-level communication in this regard and actively seek solutions to their respective economic and trade issues.

Although this statement is not long, but the amount of information is not small, from which it is not difficult to analyze that there are multiple positive factors for the packaging and printing industry.

1 Export orders are expected to stabilize

Finished products are China's strengths, and service trade is an advantage of the United States. If these two areas continue to expand, the total trade volume between China and the United States will also increase, and the business is really getting bigger and bigger. This is also very beneficial as a supporting packaging and printing industry.

2 Energy Diversification Helps Reduce Manufacturing Costs

Energy is the bloodline of the modern economy. To develop China, it needs to import a lot of energy. China needs a blue sky and gas is even more in short supply. Last year we also broke out the "gas shortage." The United States has agreed to export more energy to China to ensure a diversified supply of energy and ensure the stability of supply.


Copyright © Dongguan Xianglee Printing Co.,Ltd. All Rights Reserved.