7月12日，上海高级金融学院（SAIF）钱军教授担任CCTV NEWS《Biz Asia》栏目连线嘉宾，就第五轮中美战略与经济对话，钱军教授对中美关系的发展形势以及阻碍作出分析解读。

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Host: China has called for a new type of major power relationship. Just one, like during the existing relationship, would be taking a new shape in the ways they talked in the 5th round of talks?

Jun Qian: I think the Sino-US relationship is very important. I’m not sure it is taking shape yet, because my understanding is that they haven’t been long in the past. You know, we can think of the former Soviet Union and US but their relation was currently redefined by the honest ways, right? You know, their relation now is redefined in more terms. So, this is the rule. The first time we should two nations, especially China, wish peaceful rights ambition. In the world wide, we haven’t seen any soldier major conference in many decades. So, I think in this relation, both sides should do a lot more so that we can see the co-existence as well as competition and cooperation among the two nations. So I think, it is still being shaped by the two countries, each side can do a lot more to build more trust and better understanding as this is even more important than other relationships in the world, I think.   

Host: Professor, just hold on, as to investment treaty, it took a great deal of bilateral rules they talked. I am wondering, can you describe, what you see in your view as being the center of that trillion and if they are now in the line for any of the obvious obstacles?

Jun Qian: Sure, I think these bilateral investment treaties are very important. From the Chinese side, a lot of Chinese companies, state-owned or privately-owned, have a lot of capital they want to invest, and naturally, in US or other investment places. On the US side, you know, companies certainly want to step into the growing middle class in China. Some estimates say there are like three hundred million Chinese are going to grow to middle class and consumption groups and that provide a lot of opportunities for US firms. And the neutral investment opportunities are critical for companies in both countries to grow. But I think from the Chinese side, one of the major road blocks is restrictions from the US government in terms of what type of companies the Chinese companies establish, what is their ownership state. We have seen a lot of recent examples. For example, the energy sector, one of the largest Chinese concrete silos, try to cross the American companies, in years ago, they failed, but recently they have become quite emerging companies, because Canada has some sort of different interpretation of international interest. So, I think that is one of the key areas the China side wants to negotiate with the US, some of them are relax and some of them are restrictions. I also think that one thing China can do better is to, sort of, let the US side know that there are many very strong and growing private companies, so China’s economies not just have been done by state-owned enterprises. I think these private companies are very ambitious and they actually have a lot of investment capital so they can invest in the US and they will make very good use of their capital. So, I think from the China side, the restrictions in terms of merger and acquisitions is one of the key issues. But in the US side, it is clear to me that they want more protection on copyrights, you know, because they are afraid there are a lot of recreated technologies like the copy. So, as you can say, when you go to China, so, I think that is the major block the US side wants China to hands protection of copyrights making things more transparent and more consistent.