BEIJING, Nov 28 (Reuters) - China's state media have
praised some U.S. firms for "strong collaboration" - commentary
that comes amid fears of a trade war and is reminiscent of how
tensions with the U.S. were covered by Chinese newspapers during
Donald Trump's first presidency.
Trump, who takes office on Jan. 20, said on Monday he would
impose a 10% tariff on Chinese goods so that Beijing does more
to stem the flow of Chinese-made chemicals powering an opioid
epidemic in the United States.
He has also threatened tariffs in excess of 60% on Chinese
goods while on the campaign trail.
During Trump's first term, corporate executives and foreign
investors scoured Chinese state media for signals as to which
U.S. firms might be in favour and which might be penalised as
trade tensions ratcheted up.
The state-owned Global Times late on Wednesday praised Apple ( AAPL )
, Tesla, Starbucks ( SBUX ) and HP for
strong collaboration with Chinese partners.
"U.S. politicians need to pay attention to and respect the
evident willingness of American businesses for economic and
trade cooperation by tailoring suitable policy environments for
enterprises," it said.
The China Daily also noted that Morgan Stanley ( MS )
received regulatory approval in March to expand its China
operations, citing this as evidence of foreign financial firms'
enthusiasm for investing in China.
During Trump's first term, Chinese authorities did not often
make direct official comments on the trade war.
Authorities in mainland China this week have yet to make
direct comment on the 10% tariff promised by Trump, although a
Chinese embassy official in Washington has said no one will win
a trade war.
Only 47% of U.S. firms were optimistic about their five-year
China business outlook, a September survey by the American
Chamber of Commerce in Shanghai showed.