国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語Fran?ais
Opinion
Home / Opinion / Editorials

Twisting facts will not help straighten China-US trade

chinadaily.com.cn | Updated: 2018-07-29 19:20
Share
Share - WeChat
[Photo/VCG]

When Andy Puzder said in an opinion piece for Fox News on Saturday that it was China that had launched a trade war against the United States 18 years ago, he repeated the platitudes often made about China's trade surplus with the US.

Simply put, he claimed that the US has been ripped off by China in their bilateral trade over the past nearly two decades. He said that China blocked US goods from entering its market, China forced US companies to transfer technology and stole commercial secrets.

How can bilateral trade between the world largest and second largest economies last for nearly two decades with the former having been a loser and the latter the beneficiary all the time? If that were the case, their trade relations would not have lasted. No previous US president and their economic advisors would have been foolish enough to allow the US economy to suffer all the time from its trade deficit with China. If they did, they would not have been in the American people's good graces.

When China opened its door to the outside world in the late 1970s, the economic engagement between China and the US met each other's needs: China needed capital and technology while the US needed to outsource its manufacturing and find new markets for its products. Like the pin and tail of a joint their needs dovetailed.

For China, the result was the rise of "made in China" , which created a lot jobs for China and helped a great deal in lifting millions of Chinese out of poverty, while at the same time providing the world with reasonably priced consumer goods, US consumers in particular. What has been particularly noteworthy in this process has been the fact that transnational companies, those from the US especially, have benefitted a great deal by investing in China.

There has never been one-way trade between the two countries, and China is not a free rider and neither is the US. There has been a point of convergence where the interests of both have met, and this has made it possible for bilateral trade relations to remain general smooth over the past four decades, especially in the past nearly two decades since China's accession into the World Trade Organization in 2001.

There may be some problems that have emerged that need to be addressed. But it goes against the facts to say that China has long been ripping the US off in their bilateral trade. Pressuring China to capitulate to the US unreasonable demands by just pointing accusing fingers and twisting the facts will not help to straighten out bilateral trade relations.

Most Viewed in 24 Hours
Top
BACK TO THE TOP
English
Copyright 1994 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
海宁市| 贡嘎县| 萝北县| 萍乡市| 东丰县| 且末县| 云浮市| 长春市| 巧家县| 金湖县| 和政县| 东明县| 张掖市| 广饶县| 白银市| 获嘉县| 冀州市| 桃源县| 深泽县| 汝州市| 南和县| 德化县| 察雅县| 巴林左旗| 小金县| 航空| 肥东县| 垫江县| 深水埗区| 建瓯市| 常宁市| 贺兰县| 北宁市| 新蔡县| 彭州市| 兰坪| 虹口区| 卫辉市| 怀集县| 呈贡县| 且末县|