Quotable

China Daily European Weekly - - BUSINESS -

Chi­nese com­pa­nies go­ing global should have sus­tain­abil­ity re­ports, clear value state­ments, in­vest in philanthropy and com­mu­ni­cate with me­dia and em­ploy­ees to en­sure more trans­parency.” RICHARD EDEL­MAN, pres­i­dent and CEO of Edel­man “Af­ter pro­tec­tion­ism in trade, the US gov­ern­ment is adopt­ing the same strat­egy for in­vest­ments. It feels threat­ened by Chi­nese tech com­pa­nies, which are emerg­ing as in­no­va­tion pi­o­neers. The US is afraid that China will take over its lead­ing role in driv­ing cut­tingedge tech­nolo­gies.” BAI MING, a se­nior re­searcher at the Chi­nese Academy of In­ter­na­tional Trade and Eco­nomic Co­op­er­a­tion, a think tank of the Min­istry of Com­merce “I don’t see the ben­e­fit in tar­iffs. We are just a lit­tle in­dus­try here that would get roped into the whole thing. Any­time you add a 15 per­cent duty or tar­iff, that is def­i­nitely con­cern­ing — even if you have the high­est-qual­ity gin­seng. You aren’t price-com­pet­i­tive then.” JIM SCHU­MACHER, gin­seng farmer in Wis­con­sin

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