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

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Trade deficit focus called misleading

By May Zhou in Desmoines | China Daily | Updated: 2017-06-14 07:31

As scores of US and Chinese experts gathered on Monday in Des Moines to discuss the countries' relationship, they agree that it will benefit the two countries and the whole world for them to continue to work together.

Several scholars exchanged their views on issues including trade imbalance at a one-day think tank symposium at The World Food Prize Foundation.

At the symposium, Tori Whiting of the Heritage Foundation said that the Trump administration's focus on the trade deficit is misleading.

China has made a large foreign direct investment in the US and holds more than $1 trillion worth of US Treasurys, which help finance US debt, said Whiting.

"The value of imports is often overlooked. Over 50 percent of our imports are intermediate products used to produce high-value goods," she said.

Zhang Yuyan, director at the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, said that the trade deficit mainly reflects the different development stages of the two countries, and it has been declining over the years.

The US trade deficit with China through April 2017 stood at approximately $106.5 billion, according to the US Census Bureau. For all of 2016, the deficit was more than $347 billion.

"China is a rapidly developing country with a high savings rate, while the US is a developed country with a low savings rate," Zhang said.

"Looking from a long-term historical perspective, the US enjoyed a trade surplus when it was developing rapidly after World War II, until its population started to age, and savings started to decline. China now is approaching that stage," he said, predicting that the trade gap, which he said was $250 billion by the Chinese calculation in 2016, would narrow further.

Mike Naig, deputy secretary of the Iowa Department of Agriculture and Land Stewardship, said that US and China should not focus on the differences exclusively but the commonality.

"We both face issues such as aging farming populations, access to land and dependence on trade. If we focus too much on our differences, we would forget to work together to deal with those issues," Naig said.

Most Viewed in 24 Hours
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
 
洛隆县| 安丘市| 博乐市| 徐水县| 五大连池市| 丰都县| 临澧县| 婺源县| 肇源县| 五家渠市| 绿春县| 宁明县| 嘉鱼县| 衢州市| 广宗县| 弥渡县| 乐清市| 祥云县| 周口市| 合肥市| 印江| 郁南县| 梨树县| 兴文县| 塔河县| 丘北县| 颍上县| 麻栗坡县| 邳州市| 丽江市| 凌源市| 波密县| 长春市| 安仁县| 合阳县| 扬州市| 渝北区| 互助| 瑞金市| 毕节市| 抚宁县|