People's Daily: US Complaints Against Trade Imbalances It's an Eccentric Fake Idea | ETtoday Continental | ETtoday News Cloud

▲ Scheme of Sino-American Relations. (Photo / Dazhi Image / Associated Press, below)

Continental Center / Comprehensive Report

The Sino-US trade war continues to continue. The People's Daily has issued a document stating that the United States has found many reasons for its unilateral trade protectionism, including the theory of trade imbalance: "International trade pays attention to your feelings, and I do not know how to do it. Hope that everyone will earn money.The years have pbaded, how has it become the heart disease of the United States? The most powerful country has become the biggest victim? "

" Daily "There are two main reasons for the White House's argument: first, the US trade deficit is so large that it is important for the United States to it must be imposed, secondly, unfair trade partners and unbalanced policies have caused damage to US economic interests.

The article points out that when talking about trade, it is necessary to talk about numbers: when the United States plays with statistics, the logic of calculation is hard to convince: in trade Sino-US, the official trade deficit is overestimated. About 20%, the listed trade data only includes trade in goods is not included in trade in services, if it is included in the theory of trade imbalance is even more untenable.

▼ RMB and US dollars.

The article also said that the current account surplus of the mainland (current account) accounted for a sharp drop in the share of GDP, rising from from 9.9% in 2007 to 1.4 in 2017%, the only trade surplus with the United States does not fall, the reason is that "the other things you (the United States) need, and do not say nothing to buy "Your own good things are in your hands and do not want to go out According to the" Research Report on Sino-US Economic and Trade Relations "published by the Ministry of Commerce of the People's Republic of China, l 39; trade surplus in the global value chain is reflected in China. The surplus is in the United States, the United States imports a large number of low-cost labor-intensive products from China, and the benefits enjoyed by consumers are tangible. The goal of the United States is to implement the US priority and to ensure that global tariff levels and access to the industry meet the standards of the United States. In the history of international trade, when, countries have an absolute mutual openness Tariff levels and openness have always been closely linked to stage of development, endowment of resources and industrial competitiveness. The US call denies differences and stages of development of countries and will inevitably affect the economies of developing countries. The article concluded that confusing accounts are not necessarily calculated by confused people, some confusing accounts are calculated by smart people, but accountants are smart. Head and partialality, "The theory of US trade imbalance is not an exception."

▼ Scheme of the Sino-American Commercial War.

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