A promising growth engine

    Updated: 2011-08-19 11:16

    (China Daily)

      Comments() Print Mail Large Medium  Small 分享按鈕 0

    The US-China Business Council has timely highlighted a key fact, which has long been eclipsed by the ballooning and controversial US trade deficit with China, namely that the growth in US exports to China have far outpaced its growth in exports to the rest of the world over the past decade.

    This truth deserves not only close attention from US vice-president Joe Biden, who is visiting China to advance steady and sustainable bilateral relations between the world's two largest economies. More importantly, it demands the full attention of US policymakers and politicians who are frequently tempted by anti-China trade protectionism at home.

    A report released on Wednesday by the US-China Business Council, a nonprofit organization of roughly 240 leading US companies doing business with China, pointed out that, in 2010, US exports to China rose 32 percent. Meanwhile, more than 76 percent of US congressional districts witnessed their growth in exports to China outperform that of any other market.

    Such robust growth in US exports to China is definitely not a short-lived phenomenon.

    China is now the third largest export market for the United States, behind Canada and Mexico. In the decade since China joined the World Trade Organization in 2001, US exports to China have risen 468 percent to $91.9 billion, compared to a 55 percent rise in US exports to the rest of the world.

    Given the Obama administration's goal of doubling US exports to more than $3 trillion by 2014, there is no reason why the United States should not make best use of this promising source of growth to help overcome its economic woes.

    It is encouraging to hear from Biden that the US government is working on export restriction reforms to increase US competitiveness and stimulate US exports.

    The fast-growing US exports to China are testimony to the attractiveness of "Made-in-USA" to Chinese consumers and the huge and growing Chinese appetite for quality imports.

    Should the US drop its Cold War mentality over the export of high-tech products, as many other global trade powers already have, it would be very likely that the world's largest economy would enjoy a growing share of the world's fast-growing major import market.

    US exports to China have grown quickly but not fast enough to prevent the US' share of China's surging import market from falling from 10 percent in 2000 to only 7 percent in 2010.

    Clearly, US efforts to remove unnecessary export restrictions are long overdue. It is hoped that the current urge to revive US exports will bring about some concrete actions in this regard.

    Moreover, stubbornly high unemployment in the US is giving rise to trade protectionism that has wrongfully blamed Chinese exporters for stealing US jobs.

    US policymakers and politicians should not buy into such protectionism that would cost both countries a vital growth engine in the years ahead.

    无码人妻精品一区二| 狠狠躁夜夜躁无码中文字幕| 亚洲av综合avav中文| 中文字幕无码日韩专区免费| 中文字幕无码免费久久| 亚洲中文字幕久久精品无码喷水| 亚洲中文字幕久久精品无码喷水 | 日韩乱码人妻无码中文视频 | 久久精品无码午夜福利理论片| 久久久久av无码免费网| 最近中文字幕大全免费版在线| 国产拍拍拍无码视频免费| 中文成人久久久久影院免费观看| 成人性生交大片免费看中文| 久久亚洲AV永久无码精品| 亚洲AV无码一区二区三区DV| 精品人妻系列无码一区二区三区 | 中文字幕亚洲无线码a| 亚洲av午夜国产精品无码中文字| 久久精品无码午夜福利理论片| 无码精品久久久久久人妻中字 | 久久久久久久人妻无码中文字幕爆| 亚洲精品无码永久中文字幕| 在线精品无码字幕无码AV| 最近2019免费中文字幕6| 亚洲AV无码乱码精品国产| 无码AV天堂一区二区三区| 中文字幕无码高清晰 | 一本久中文视频播放| 无码精品前田一区二区| 国产网红无码精品视频| 亚洲AV无码久久寂寞少妇| 亚洲日韩在线中文字幕综合| 亚洲日韩在线中文字幕第一页| 无码AV动漫精品一区二区免费 | 人妻少妇无码精品视频区 | 日本公妇在线观看中文版| 国产高清无码二区| 国产AV无码专区亚洲AV手机麻豆 | 精品久久无码中文字幕| 亚洲AV无码国产精品色午友在线|