US-Sino re­la­tions can sur­vive elec­tion

China Daily (USA) - - FRONT PAGE - By PAUL WELITZKIN in New York paulwelitzkin@chi­nadai­lyusa.com

As the US pres­i­den­tial elec­tion takes place on Tues­day, at least one Chi­nese busi­ness­man is still op­ti­mistic about US-Sino re­la­tions de­spite some of the heated rhetoric about China from both can­di­dates seek­ing to oc­cupy the Oval Of­fice at 1600 Penn­syl­va­nia Av­enue.

“The China-US re­la­tion­ship is the most im­por­tant bi­lat­eral re­la­tion­ship in the world,” Char­lie Jiang, CEO of the China-US SkyClub that is un­der de­vel­op­ment at the World Trade Cen­ter in New York City, said in an in­ter­view on Mon­day. “Be­cause of the huge two-way in­vest­ment be­tween the two na­tions, no one will say we don’t need China and we don’t need Amer­ica.”

The cam­paigns of Demo­crat Hil­lary Clin­ton and Repub­li­can Don­ald Trump fea­tured a lot of tough talk about trade be­tween the US and China, with Trump es­pe­cially crit­i­cal of US trade with China and Mex­ico.

Clin­ton, nor­mally a backer of open trade, came out in op­po­si­tion to Obama’s Trans-Pa­cific Part­ner­ship (TPP) trade agree­ment with 11 other coun­tries which she ini­tially sup­ported. China is not a part of TPP.

De­spite the po­lit­i­cal rhetoric, Chi­nese for­eign di­rect in­vest­ment (FDI) in the US has soared this year. The Rhodium Group said the US con­tin­ues to be one of the top re­cip­i­ents of Chi­nese cap­i­tal, with more than $18.4 bil­lion of FDI in the first six months of 2016. This com­pares to about $15.3 bil­lion of Chi­nese FDI com­ing into the US for all of 2015.

Jiang re­flected on that as he dis­cussed the road ahead for China and the US af­ter the elec­tion ends and Pres­i­dent Barack Obama leaves of­fice in Jan­uary.

“The elec­tion has been a very in­ter­est­ing ex­pe­ri­ence and I have learned a lot,” he said. “I am con­fi­dent that who­ever will be the pres­i­dent, we will all wel­come them to the SkyClub in the fu­ture.”

Jiang is also the chair­man of Van­tone Real Es­tate and CEO of Van­tone Hold­ings, par­ent com­pany of the China-US SkyClub which will oc­cupy the 89th floor of the One World Trade Cen­ter. It will re­place the orig­i­nal build­ing that was de­stroyed in the Septem­ber 11, 2001, ter­ror­ist at­tacks.

He will spend about $50 mil­lion to make the SkyClub — for­merly known as the China Cen­ter New York — into a “plat­form for US-Sino Syn­ergy”. The club will have a restau­rant, meet­ing space and other ameni­ties for mem­bers who are ex­pected to be pri­mar­ily from the world of busi­ness and rep­re­sent some of the big­gest com­pa­nies in both China and the US.

“We want to pro­vide an at­mos­phere that will pro­mote the re­la­tion­ship be­tween the US and China,” Jiang said. “I am a pos­i­tive per­son so who­ever will not be the pres­i­dent of the US should know that he or she will also be wel­come at the club.”

REUTERS

An of­fi­cer with the New York Po­lice Depart­ment Tran­sit Bureau K-9 unit walks through Times Square in New York on Mon­day, the day be­fore the US pres­i­den­tial elec­tion. The NYPD said there would be 5,000 uni­formed of­fi­cers on pa­trol through­out Elec­tion Day. See story > p2

ZHANG YUAN / CHINA DAILY

Char­lie Jiang, CEO of China Cen­ter New York LLC and vicechair­man of China Gen­eral Cham­ber of Com­merce.

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