He WeiwenAdviser to International Commerce Newspaper of Ministry of Commerce and Director of International Trading Exchange Center.
Expertise : Macroeconomy; China's Enterprises
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He Weiwen is currently senior fellow of Chongyang Institute for Financial Studies, Renmin University of China (RDCY) and Vice Chairman of Global Alliance of SMEs. He worked as Economic and Commercial Counselor, Chinese Consulates General in San Francisco and New York in 1997-2003. Before that, he served as secretary general of China International Economic Information Center and its representative to European Office (Cologne, Germany). Prior his above career, he was assistant research fellow and deputy division chief at the Research Institute of International Trade, Ministry of Foreign Trade and later Ministry of Foreign Economic Relations and Trade, and served as a UN employee at UNCTAD V in 1979. Bachelor in international trade economics at University of International Business and Economics in 1967, and certificate of senior management training, Harvard Business School in 1995. He is the author of 3 books: Chamber of Commerce, Across the Pacific, Succeed in America, and over 200 articles.
WTO’s final dispute mechanism on cliff edge
The Appellate Body, the global mechanism to settle trade disputes under the World Trade Organization (WTO), is at the edge of a cliff. As early as next Tuesday, it may lose the ability to reach a quorum and function, due to the US' obstruction of selecting new members to the body. If the body can't function, experts warn that the WTO may be paralyzed and China, the EU and all other members should work together to uphold the multilateral trade system....2019-12-10
China-US trade down 11.1% from Jan-Nov, still ‘positive’ in general
China's trade with the US plunged 11.1 percent to 3.4 trillion yuan ($483 billion) in the first 11 months of the year as the long-running bilateral trade war continued to batter both sides, according to customs data released on Sunday. The 11-month decline widened from a 10.6 percent contraction in the first 10 months. However, China managed to make up for its worsening trade with the US by beefing up trade with other markets, and it achieved what experts described as generally positive trade volume this year. ...2019-12-09
He Weiwen: China-U.S. Decoupling Is Just a Daydream
The New Economy Forum in Beijing sent a meaningful signal recently: It’s not only academic leaders but members of the public in China and the United States who are worried about the possible decoupling of the world’s two largest economies. Decoupling, in the words of Henry Paulson, former U.S. treasury secretary, would mean the rise of an “Economic Iron Curtain.” Decoupling has been advocated repeatedly by White House hawks as a way of curbing China-U.S. relations in economy, trade, investment, technology and people-to-people exchanges. Their purpose is to check China’s rise as a strategic rival. ...2019-11-29
He Weiwen: Facing the global headwind, China's economy offers hope
The second China International Import Expo (CIIE) opened on November 5, in the midst of a synchronized sharp slowdown in 90 percent of the world's economies. The second CIIE also offers a hope for the world with a vast, fast-growing Chinese market and a firm commitment to open the door ever wider, which explains the very high business attendance from the world over, with 330,000 square meters show area, 10 percent up from the first CIIE....2019-11-06
He Weiwen: Will China’s GDP Growth Slip Below 6%?
The latest official data shows that the Chinese economy slowed further in the third quarter this year, with its GDP growth rate of 6.0 percent, which is down from 6.2 percent in Q2 and 6.4 percent in Q1. The first three quarters combined had a rate of 6.2 percent, down from 6.3 percent in the first half of the year. The past seven quarters since Q1 2018 have seen uniform economic slowing, with the quarterly GDP growth rate of 6.8 percent in Q1 2018 dropping to 6.7, 6.5, 6.4, 6.4, 6.2 and 6.0 for each subsequent quarter, respectively. If this trend continues, Q4 2019 GDP growth seems poised to slip below 6.0 percent....2019-10-28
He Weiwen: America is Yielding China Trade to ASEAN and EU
Official Chinese customs data for H1 2019 shows that the U.S. was replaced by ASEAN as China’s second largest trading partner. The predominance of Asia and Europe in China’s global trade pattern does not mean that China neglects trade with the U.S. On the contrary, China attaches great importance to a strong, stable, and sustainable trade relationship with the U.S. The early conclusion of an equal and mutually beneficial trade deal will certainly be good for the U.S., for China, and for the whole world....2019-10-21
Expert on 'substantial progress' of China-U.S. trade talks
Negotiators say "substantial progress" has been made after two days of trade talks between China and the United States. They discussed agriculture, intellectual property and expanding trade and technology transfers. Chinese President Xi Jinping said a healthy and steady relationship is good for both countries and the world. And U.S. President Donald Trump gave "tremendous credit" to China for the progress in talks. The two sides also agreed to work towards a final agreement. ...2019-10-16
China responds to US goodwill gesture with purchase of farm goods
China has moved swiftly in responding to the latest goodwill gesture from the US by encouraging Chinese companies to buy a "certain amount of" US soybeans, pork and other products, as part of an effort by both sides to create positive vibes for ongoing trade negotiations. While the exchange of goodwill gestures injects fresh momentum into the talks, uncertainty remains about whether the two economic powers can reach a deal in upcoming meetings and end the costly trade war. The ball is in Washington's court, Chinese analysts noted on Wednesday....2019-09-29
"2016: G20 and China"
This book from the "history" of the G20's past and present, a comprehensive discussion of the G20's origin and role, agenda,
The Trump administration has imposed a 25-percent tariff on 818 import items worth 34 billion US dollars from China on Friday. China immediately retaliated by imposing a levy of the same scale, placing a 25-percent tariff on the same volume (34 billion US dollars) of imports from the US. The Chinese Ministry of Commerce said in a statement that the US has started the "largest trade war in economic history." The trade volume immediately dwarfed the similar US tariff wars with Canada and the EU.