www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

US EUROPE AFRICA ASIA 中文
China / View

Threat of trade war only undermines US

By Mei Xinyu (China Daily) Updated: 2017-02-21 07:34

The United States registered 20 anti-dumping and anti-subsidy investigation cases against China involving $3.7 billion in 2016, according to statistics from the Chinese Ministry of Commerce.

Given the rising pressure of trade disputes on China, the election of Donald Trump as US president has raised concerns that the new US administration may seek exorbitant and unreasonable economic concessions from and even stage a trade war with China. Some even cite the trade disputes to say China's economic prospects look gloomier.

Such a view is simplistic. Economic and trade ties between China and the US are by no means a zero-sum game. Instead, they are mutually beneficial. Since the US' huge and still rising "twin deficits" (fiscal and trade deficits) cannot continue forever, Washington needs to launch tangible reforms to correct the situation. It is thus understandable that many US citizens have higher expectations from the Trump administration. But only if the US has a stable and sustainable macro economy can it ensure a healthy and prosperous trade atmosphere for itself as well as China.

As it is different from China's less-powerful trade partners, the US' macroeconomic soundness is very important. So if the Trump administration adopts economic policies that can actually lower the US' national savings deficit, it will also be a boon to China because it will open up a more sustainable external market and an improved international economic system for Chinese industries.

In such circumstances, the best solution for China will be to strike a series of economic and trade deals under reasonable terms. And an adjustment to the synchronized development model by China and the US could result in a simultaneous buildup of their sustainable development capabilities leading to a more stable world economy.

China should seek to strike economic and trade deals with the US that have strong potential to yield mutually profitable results. But such efforts should not be based on wishful thinking. Whether or not a deal can be mutually beneficial also depends, to a large extent, on the US' actions.

Despite his sharp rhetoric, Trump has said he is willing to have mutually beneficial cooperation with China and Russia. The congratulatory message he sent to China ahead of the Lantern Festival and cordial telephone conversation he had with Chinese President Xi Jinping also seem to testify that China-US relations are emerging out of the "gloomy stage".

But quite a few uncertainties still remain that could prevent China-US economic and trade ties from advancing smoothly and limiting bilateral trade disputes within a reasonable range.

Some observers still believe China-US trade frictions will deal a severe blow to China's economy and the risk of a large-scale trade war will prompt Beijing to accept a series of unreasonable demands from Washington. Such an argument is based on the wrong notion that China is still a very vulnerable economy, when the fact is that even a large-scale trade war with the US may not undermine China's economic status in the global market.

China is the world's second-largest economy, and the world's leading manufacturer and exporter. China has also built a complete industrial system that covers almost all categories. And if it manages to keep its economic growth above that of the other major economies, China's status and share in the international economic system will keep rising.

Besides, external economic chaos is unlikely to spell doom for a country such as China that has a strong risk-resisting capability so long as it can manage to avoid domestic turbulences. The continuous rise in its economic strength after the Asian financial crisis and the global financial crisis is enough proof of China's economic resilience in the face of external crises. So, any possible trade war forced on China is unlikely to weaken its economic situation and its development course.

The author is a researcher at the International Trade and Economic Cooperation Institute of the Ministry of Commerce.

Highlights
Hot Topics

...
主站蜘蛛池模板: 日韩一级大片 | 国产成人啪精品视频免费网 | 日韩精品免费一区二区三区 | jyzzjyzzjyzz日本在线观看 | 性色tv视频观看 | 国产成人午夜性a一级毛片 国产成人午夜性视频影院 国产成人香蕉久久久久 | 朝鲜美女免费一级毛片 | 亚洲高清一区二区三区久久 | 国产99网站 | 欧美三级在线观看不卡视频 | 国产性tv国产精品 | 亚洲黄色小视频 | 国产手机在线精品 | 亚州中文| 国产一区三区二区中文在线 | 男人桶女人逼 | 国产精品成人免费 | v片视频| 日韩综合色 | 欧美一级特黄特色大片免费 | 国产一级毛片外aaaa | 一本久道久久综合婷婷 | 成人国产精品视频 | 一级毛片视频播放 | 女人张开腿给男人捅 | 欧美成人观看免费完全 | 亚洲欧美日韩精品在线 | 久久99亚洲网美利坚合众国 | 久草视频免费在线看 | 日韩毛片免费线上观看 | 男女午夜视频 | 爱久久精品国产 | 一级毛片在线播放免费 | 日本一级毛片视频无遮挡免费 | 成人性动漫高清免费观看网址 | 1级黄色毛片 | 亚洲成人美女 | 国产伦久视频免费观看视频 | 欧美激情一级欧美精品 | 看看免费a一片欧 | 91成人精品 |