1. English Version
  2. អានជាភាសាខ្មែរ
  3. រៀនពាក្យអង់គ្លេស

By : Vong Serey Vatanak

Date: December 17th 2018

***The article HAS NOT been proofread

Original Article from BBC

Why history drives China's tough stance on global trade 


Cindy Sui, BBC correspondent wrote her analytical article in May 2018 on the potential trade war between the United States and China, two months before the tit-for tat trade war between the two superpowers in July this year. She had laid out some historical aspects which drives China's strong stance on global trade. Her article had detailed the Chinese mindset which was influenced by 19th Western 's military war forcing China to open its markets. The second part of her article , she offered some thoughts about how the two countries can be better off by becoming a great trade partner. 

After the American Revolutionary war in 1783, both British and America tried to access Chinese markets by offering different products to the Chinese emperor then. Some source said that none of the western products presented were interesting to the emperor but one item; it was opium. 

Chinese smugglers bought opium carried by British ships and re-sold them to the Chinese. Opium was first consumed by those with more money , but later on, as the supply  increased , even those with little money could also access it. This caused a big problem for Chinese 's economy; the damage to the human 's mind, and health. Seeing this, China decided to close its doors to opium , but the move led to a military clash, and unfortunately, China was defeated. 

Japan also forced China to open its markets. To the Chinese, being taken advantage of by Western powers, it never saw that trading is about fair play. Thus, it always intended to build up its power, and ​capacity to avert any future foreign 's invasion. It is well understood that China prefers to be more self-reliant and tends to confine the trading activities from the outside world. Cindy further said that China did not see the forcing of technology transfer, intellectual property violation, and unfair treatment on foreign companies as wrong-doing on global trading system. 

In China as well as in Cambodia and probably in other Asian markets, it is common for vendors and shoppers bargain products price trying to get the best deal. The vendors and shoppers either offer the lower or ask for the higher than the equilibrium price. At some point of the talk, they both will land in a price where they are willing to sell , and to buy. For example, a shopper is interested in buying a pair of shoes from a street side market. He or she asked for the price. The vendor probably asked for 15 USD awaiting for an offer from the buyer. Though the seller would sell it at 7 or 8 USD which is their bottom line,  he or she still asks for higher. Then, the buyer , at least with experience, might offer much less than what he or she is willing to pay, say they offer like 3 o 4 USD which is half lower than their bottom line price. So, at the end, they both will arrive at somewhere 7 or 8 USD.  Sometimes, vendors act as if they were upset or expressed that they would lose at the price offered. Sometimes , the potential buyers act as if they did not want to buy and walked away. Usually, a deal takes place after they both land at the right price they want to sell or buy. Finally, the vendor and the seller feel that they got the best deal. 

In global trade between China , and the US, feeling that they get the best deal is missing. To the US, it feels that China has taken advantage of due to the high surplus compared to American' fiscal deficit. The US accused China of playing unfair trade , and has imposed two rounds of tariffs following China's response of tariff levels. To China, it sees itself as a victim and accused US of attempting to dominate the global trading system. 

Some said that in trade war, no one wins the game. Each party either loses less or loses more. Since China exports more to the US, it is more likely that it loses more amid the trade war. 

In her analysis, Cindy suggested that both China and the US trading mutually benefit from each other. To the US, it receives cheaper price for manufacturing products at the expense of the Chinese environmental damage. To China, it should not keep confining its markets, and keep holding the mindset that it is still a victim to Western powers like in the past. It seems like each side feels that they are both victims. Cindy pointed out that they both just don't understand each other. Could it be called cultural conflicts? Our readers can make their own judgement about this matter. 

On November 30th this year, G20 met in  Buenos AiresArgentina to discuss global economy 's issues. The group agreed to reform World Trade Organization 's rules and regulation after seemingly being ineffective. The rules of laws principle might be different between the west and the east. 

 

 

 

និងមានឆាប់ៗខាងមុខនេះ

សូមស្វាគមន៍មកកាន់គេហទំព័រខ្មែរ បុត្ថាណាកា

ទីនេះអ្នកនិងរៀនពាក្យភាសាអង់គ្លេសល្អៗ និង សំណង់ឃ្លាល្អៗ

Welcome to Khmerbotanaka 

Here you will learn useful vocabularies and sentence structures


 

  1. Correspondent: អ្នកឆ្លើយឆ្លងសារព័ត៍មាន
  2. To grow up : ធំធាត់ឡើង 
    1. Dara was born in Kompong Cham, but he grew up in Phnom Penh. ដារ៉ាកើតនៅកំពង់ចាម តែគាត់បានធំធាត់នៅទីក្រុងភ្នំពេញ។
  3. Psyche: ចិត្តគំនិតស៊ីជម្រៅ ផ្នត់គំនិតស៊ីជម្រៅ
  4. When it comes to : នៅពេលដែលនិយាយពី
  5. Influence : ឥទ្ធិពល
  6. To offer : ផ្តល់ជូន អោយថ្លៃ
    1. How much do you want to offer? I can sell it to you with reasonable offer. តើអ្នកហ៊ានអោយថ្លៃប៉ុន្មាន? ខ្ញុំអាចលក់អោយក្នុងតម្លៃសមរម្យ
  7. Trade partners : ដៃគូរធ្វើជំនួញ
    1. We hope that America and China will learn to be better trade partners in the near future. យើងសង្ឃឹមថាអាមេរិក និង ចិននិងក្លាយទៅជាដៃគូរជំនួញល្អក្នុងពេលអនាគតដ៏ខ្លីខាងមុខនេះ
  8. To make fortune : រកផលចំនេញអោយបានច្រើន
  9. To hesitate to do something: ស្ទាក់ស្ទើរក្នុងការធ្វើអ្វីមួយ
  10. To confine: ដាក់កំហិត
  11. To be self-sufficient : បំពេញគ្រប់គ្រាន់ដោយខ្លួនឯង
  12. To put up restrictions: ដាក់ការរិតបង្តឹង
  13. To struggle: តស៊ូ
  14. Traders: អ្នកចំនួញ
  15. Trading nation: ប្រទេសដែលមានការដោះដូជំនួញ
  16. To import: នាំចូល
  17. To impose tariffs: ដាក់រនាំងពន្ធ
  18. To transfer : ផ្ទេរ
  19. Intellectual property: កម្មសិទ្ធបញ្ញា
  20. To smuggle: រត់គេចពន្ធ
  21. To be mired in something. ធ្លាក់ផុងចូលទៅក្នុងអ្វីមួយ
  22. To instill : ដិតជាប់ក្នុងចិត្ត
  23. To be vulnerable: ងាយរងគ្រោះ
  24. Shrewdest : វាងវៃ មានការបុិនប្រសព្វ
  25. Street-side markets: ផ្សារតាមផ្លូវ
  26. To pre-empt: ធ្វើទុកជាមុន
  27. To haggle: To bargain
  28. To take place: 
  29. Albeit with: បើទោះជាមាន
  30. feigned disapproval. ធ្វើជាមិនយល់ស្រប
  31. To be cheated: 
    1. She felt that she was cheated. នាងមានអារម្មណ៍ថានាងត្រូវបានគេបោកប្រាស់