国产热热热精品,亚洲视频久久】日韩,三级婷婷在线久久,99人妻精品视频,精品九热人人肉肉在线,AV东京热一区二区,91po在线视频观看,久久激情宗合,青青草黄色手机视频

Global EditionASIA 中文雙語(yǔ)Fran?ais
Opinion
Home / Opinion / Editorials

China not afraid of?trade war with US

chinadaily.com.cn | Updated: 2018-03-11 21:02
Share
Share - WeChat

China does not want a trade war, nor will it take the lead to initiate one, Minister of Commerce Zhong Shan said on Saturday. While that might seem soft-toned, it should not be mistaken for weakness, for as he asserted, China is capable of coping with any challenges.

The escalation of the trade disputes between the world’s top two economic powers is set to disrupt normal global trade order and could result in a trade war if the US continues with its irresponsible trade policies, since it would leave China with no choice but to retaliate.

The US’ lop-sided economic structure is actually behind its current pile-up of trade deficits. While it excels in highly profitable high-tech and financial industries, its manufacturing is less competitive.

In the case of the Sino-US trade gap, statistical errors account for about 20 percent of the US’ trade deficit with China, according to working groups from both countries. Another factor is that the US forbids exports of a large number of high-tech products to China. Given the high value of those products, it is estimated that allowing these exports would reduce the deficit by about 35 percent.

It is thus unreasonable for US politicians to continue to hype the fiction that the US’ deficit with China is because the latter resorts to unfair trade practices.

However, Washington’s trade policy regards economic prosperity at home as necessary to promote US power and influence abroad. Therefore, the Donald Trump Administration is eager to aggressively target economic competitors such as China.

The US should be aware that if it continues to engage in protectionism and other unfair trading practices it will find that China is fully capable of defending its interests.

The US will also be a loser if there is a trade war.

 

Most Viewed in 24 Hours
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
忻州市| 鄂尔多斯市| 陇西县| 大名县| 五家渠市| 玉龙| 峨眉山市| 元谋县| 仁化县| 通许县| 苏州市| 临西县| 申扎县| 莒南县| 任丘市| 海口市| 高淳县| 称多县| 商城县| 卓资县| 蓬安县| 铁岭县| 赤水市| 文成县| 萨嘎县| 乐陵市| 静宁县| 当阳市| 格尔木市| 开封县| 镇原县| 浦江县| 铜川市| 诸暨市| 双流县| 丰台区| 滕州市| 松潘县| 紫云| 太湖县| 象州县|