日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Policies

China-US trading rises significantly

By Zhong Nan | China Daily | Updated: 2020-06-18 09:32
Share
Share - WeChat
[Photo/IC]

Experts say spirit of cooperation vital as coronavirus pandemic continues

There is still sufficient space for China and the United States to cooperate to boost bilateral trade and help stabilize global supply and industrial chains amid uncertainties in global trade caused by COVID-19, experts said.

Their remarks follow a report by The Wall Street Journal on Sunday that China has retaken its mantle as the US's largest trading partner, emerging as a rare bright spot for US farmers and other exporters as the novel coronavirus pandemic constrains global trade.

The report found that trade between the two countries rose to $39.7 billion in April, up nearly 43 percent from the previous month and surpassing the trade volume between the US and Mexico and between the US and Canada.

This showed that China and the US are too intertwined to decouple, and with the pandemic still threatening global cooperation, it is critical to uphold and advance a spirit of cooperation, said Long Yongtu, China's former chief negotiator for its entry into the World Trade Organization. Long said he thinks the two nations can form cooperative ties as long as they are willing to seek common ground while resolving differences.

Bilateral trade dropped 9.8 percent year-on-year to 1.29 trillion yuan ($182 billion) in the first five months of the year, the General Administration of Customs said.

Even though there are still trade and economic conflicts among certain major economies, trade companies should be practical and adapt to the changing market situation to survive, said Wei Jianguo, vice-chairman of the China Center for International Economic Exchanges, in Beijing. Trade disputes can push domestic firms to grow faster and make breakthroughs in manufacturing more advanced products, he said.

"We are aware that many US clients have been seeking alternatives in other economies, such as Vietnam, Malaysia and Indonesia. However, it is not an easy move because most Southeast Asian countries don't have adequately sophisticated industrial systems, especially downstream supporting businesses," said Nie Jing, deputy general manager of Zhuhai Primy Kitchen Co, a maker of stainless steel kitchen and bathroom products based in Guangdong province.

A farmer loads harvested corn into a truck in Atlantic, Iowa, in October last year. WANG YING/XINHUA

She said the company will keep a close eye on demand in the global market and make timely adjustments to its product structure to adapt. It is also a registered seller at the ongoing 127th session of the China Import and Export Fair, also known as the Canton Fair.

"Unlike some foreign-invested enterprises that treat China as a manufacturing base, we are very focused on local market demand and committed to the long-term growth opportunity the Chinese market offers," said James Chiu, vice-president and managing director for General Mills (China), the US consumer foods manufacturer.

"We don't think there are any other emerging markets that can provide the great business opportunities China does now," he said.

Wang Huiyao, president of the Center for China and Globalization, hopes the two countries will implement the Sino-US Phase 1 trade deal, and as a result buy more products from each other. The two nations also could cut tariffs and gradually remove trade barriers, he said, to benefit businesses in both communities.

Affected by factors like COVID-19 and weak global demand, the US economy is projected to shrink by 6.1 percent this year, while China's economy is expected to grow by 1 percent, the World Bank Group said earlier this month.

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
CLOSE
 
主站蜘蛛池模板: 国产精品1 | av成人在线免费观看 | 中文字幕不卡 | 黄网视频在线观看 | 国产视频一二 | 97视频人人 | 日韩一区二区三 | 视频一区在线免费观看 | 国产www在线观看 | 在线国产一区二区三区 | 毛片基地视频 | 日本a免费 | 国产美女在线播放 | 日韩中文字幕在线 | 殴美一级特黄aaaaaa | 蜜桃视频黄色 | av在线收看| 日韩精品一区不卡 | 久久久久久国产精品免费免费 | 免费毛片一级 | 日本中文字幕在线观看 | 一级真人毛片 | 国产麻豆一区 | 亚洲国内自拍 | 精品国产999久久久免费 | 午夜国产在线视频 | 欧美视频一区在线观看 | 免费v片在线观看 | 精品久久久久久久久久久aⅴ | 92午夜视频 | 罗曼蒂克消亡史在线观看 | av一级免费 | 成人免费看片视频 | 怡春院国产 | 嫩草影院一区二区 | 免费成人视屏 | 自拍偷拍第1页 | 在线视频观看你懂的 | 亚洲色图视频在线 | 超碰av在线 | 欧美老司机 |