Global EditionASIA 中文雙語Fran?ais
    World
    Home / World / China-US

    Truth behind China-US trade 'imbalances'

    Xinhua | Updated: 2018-03-27 19:55
    Share
    Share - WeChat

    BEIJING - A "huge" trade deficit with China is reportedly behind the US administration's plan to slap tariffs on up to 60 billion US dollars of Chinese imports and restrict Chinese investment.

    But data sometimes lies, and could shield the bigger picture.

    TWISTED DATA

    What the United States claims to be a "record trade deficit" with China is an inflated figure.

    According to US Census Bureau data, the trade deficit with China ran to a record 375 billion US dollars last year, while China's customs data showed the country's surplus with the United States stood at 1.87 trillion yuan (about 298 billion US dollars).

    The gap resulted mainly from differences in statistical approaches, such as whether or not to include transit trade in the calculations, according to Zhang Monan, researcher with China Center for International Economic Exchanges.

    Such discrepancies have inflated the US calculation of its trade deficit with China by about 20 percent every year, according to Minister of Commerce Zhong Shan.

    The United States is home to many multinational companies that have a global supply chain, but the current total value statistical method has distorted reality, analysts said.

    An iPhone, for example, uses components made in different countries around the world and is only assembled and manufactured in China, but the calculation of trade statistics attributed most of the value to China.

    "In this case, China is taking the blame for others," Zhang said.

    She added that most of the profits actually went to US companies but the value of the products was reflected in Chinese exports, resulting in inaccurate statistics.

    What's more, when talking about the deficit with China, the United States always played down trade of services, according to Tu Xinquan, professor at the University of International Business and Economics.

    Data from China's Ministry of Commerce showed that the country has a huge service trade deficit with the United States, and the gap has been widening.

    From 2006 to 2016, China's service trade deficit with the United States increased by more than 30 times. The figure reached 255.4 billion US dollars last year, official data showed.

    1 2 3 Next   >>|
    Most Viewed in 24 Hours
    Top
    BACK TO THE TOP
    English
    Copyright 1995 - . 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
    中文亚洲日韩欧美| 最近2019好看的中文字幕| 久久精品中文騷妇女内射| 亚洲AV日韩AV高潮无码专区| 久久久久亚洲AV无码麻豆| 中文在线最新版天堂8| 日韩亚洲AV无码一区二区不卡| 日韩人妻无码中文字幕视频| 精品无码久久久久久尤物| 免费看又黄又无码的网站| 天堂资源在线最新版天堂中文| 久久午夜无码鲁丝片午夜精品 | 五月婷婷在线中文字幕观看 | 国产三级无码内射在线看| 亚洲AV无码一区二区三区牛牛| 最近中文字幕大全免费版在线 | 日韩丰满少妇无码内射| 国产成人A亚洲精V品无码| 中文在线√天堂| 三级理论中文字幕在线播放| 无码人妻精品一区二区蜜桃百度| 日韩人妻无码精品久久久不卡| 中文字幕在线观看国产| 日本久久中文字幕| 中文字幕一区二区三区精彩视频 | 久久精品人妻中文系列| 免费无码婬片aaa直播表情| 潮喷大喷水系列无码久久精品| 无码成A毛片免费| 久久久无码人妻精品无码| 日韩午夜福利无码专区a| 日韩欧精品无码视频无删节| 人妻丰满熟妇无码区免费| 中文字幕精品一区| 亚洲中文字幕日本无线码| 精品亚洲A∨无码一区二区三区| 高清无码午夜福利在线观看| 中文字幕在线无码一区| 免费看成人AA片无码视频吃奶| 自拍中文精品无码| 亚洲中久无码永久在线观看同|