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

   

No fast economic fix from China-US talks

By Tao Wenzhao (China Daily )
Updated: 2007-05-28 08:46

The author Tao Wenzhao is a researcher with the Institute of American Studies under the Chinese Academy of Social Sciences

How should we evaluate the second round of the China-US Strategic Economic Dialogue (SED) held in Washington May 22 to 23?

Carlos Gutierrez, US commerce secretary, got it right: The strategic economic dialogue focuses on the overall situation, not on resolving particular issues. Therefore, no short-term results should be expected.

Related readings:
 Wu Yi: Strategic talks are a complete success
 China, US seek to ease trade woes Joint fact sheet of US-China economic dialogue
 
China sees need to rebalance its economy

The China-US Joint Economic Committee and other joint committees are already in place to handle particular economic matters. The strategic economic dialogue is needed to address the two countries' long-term economic relationship from a wider perspective. The goal is to develop sustainable mutually beneficial economic ties.

This task goes beyond the functions of limited-focus joint committees. The eagerness for immediate results does not work here.

The Washington dialogue strengthened mutual trust through intensive discussion on issues of deep concern to both sides. This is the big yield of the dialogue.

Chinese Vice-Premier Wu Yi, who headed the Chinese delegation, emphasized the intensive discussions on the service industry, energy, the environment, balanced economic growth and innovation. Energy and environmental protection were the most serious issues discussed. Cooperation in these two areas has great prospects and is expected to inject vitality into both economies.

Also, both sides agreed to promote balanced growth of their economies through macroeconomic policies and to encourage innovation through policy exchanges and technological cooperation.

In his opening statement, US Treasury Secretary Henry Paulson said both China and the US face challenges of domestic protectionism and questions about the merits of trade and globalization. He went on to say: "There is a growing skepticism in each country about the other's intentions. Unfortunately, in America, this is manifesting itself as anti-China sentiment."

This is worth attention.

After the US mid-term elections last year, protectionist sentiment gained strength in the US Congress, with China as a ready target. According to US statistics, the total volume of US-China trade in 2006 reached $343 billion. The US sustained $232.5 billion in trade deficits with China, almost three times that of its trade deficit with Japan. For the past four years, China has been the biggest source of the US trade deficit.

A host of factors explains the US trade deficits. They include international division of work, Americans' low savings rate, and restrictions on exporting high-tech products to China. It is not so simple a matter as revaluating the renminbi, despite the beliefs of some US lawmakers.

To make matters worse, ideological factors, which find expression in the theory of a "China threat", have gotten mixed up with protectionist sentiment.

In 2000, the US-China Economic and Security Review Commission was set up to watch over trade between the two countries, US investment in China, and Chinese investment in the US which could possibly harm US security. Every year, the commission submits a report to Congress, organizes frequent hearings and circulates seemingly plausible but inflammatory opinions. In 2005, when China National Offshore Oil Corp planned to purchase California-based Unocal, the commission played a major part in defeating the acquisition. It stoked the China fears on Capitol Hill, to some extent damaging China-US economic ties.

We should be aware that partisan fights are a daily occurrence in US politics. This is especially true when the White House and Congress are controlled by different parties. With the US presidential election next year, it is possible that the US trade imbalance with China will became a campaign issue.

In fact, bilateral economic relations benefit both economies and peoples. The Chinese and US economies complement each other in terms of structure and level of development.

The US is the biggest economy in the world and China the fastest growing one. Co-development of the two economies is of vital importance to the progress of the entire world economy.

It is natural that some friction arise with bilateral economic interaction. It should be remembered that trade friction between the US and Japan in the 1980s was much more intense than the current China-US friction. The problems can be resolved through negotiations based on equality and by implementing the principle of mutual benefit.
12  

(For more biz stories, please visit Industry Updates)



主站蜘蛛池模板: 亚洲天堂黄色片 | 亚洲色诱| 国产又粗又大又硬 | 成人福利视频导航 | aaaa毛片| 久久国产精品网站 | 一区在线看 | av在线免费网站 | 综合国产在线 | 永久免费黄色 | 国产精品自拍偷拍 | 一级片亚洲 | 91玖玖| 国产精品永久免费视频 | 欧美性喷潮 | 成人v精品蜜桃久一区 | 欧美一级淫片免费视频魅影视频 | 国产免费一区二区三区 | 国产一区二区三区网站 | 欧美日韩一本 | 五月激情婷婷综合 | 成人蜜桃av | 亚洲综合色网 | 成年人的免费视频 | 亚洲精品一级片 | 波多野结衣一区二区三区在线观看 | 国产成人a∨ | 国产日韩视频在线观看 | 免费黄色影视 | www亚洲国产 | 高清在线一区 | 夜色爽| 日本黄色网址大全 | 91伊人| 日本不卡一区二区三区四区 | 一区二区三区不卡在线观看 | 日韩精品久久久 | 色呦呦视频在线观看 | 国产三区视频在线观看 | 91免费精品视频 | 九九欧美 |