<blockquote id="pl83f"><p id="pl83f"></p></blockquote>
<s id="pl83f"><li id="pl83f"></li></s>

      
      
      <sub id="pl83f"><rt id="pl83f"></rt></sub>

        <blockquote id="pl83f"><p id="pl83f"></p></blockquote>
        <sub id="pl83f"><rt id="pl83f"></rt></sub>
        女人的天堂av在线播放,3d动漫精品一区二区三区,伦精品一区二区三区视频,国产成人av在线影院无毒,亚洲成av人片天堂网老年人,最新国产精品剧情在线ss,视频一区无码中出在线,无码国产精品久久一区免费

        Commentary: Truth, not myths should prevail over China-U.S. trade

        Source: Xinhua| 2018-04-19 13:18:20|Editor: Lifang
        Video PlayerClose

        BEIJING, April 19 (Xinhua) -- Though repeating a lie creates the illusion of truth, yet myths, unlike the plain truth which is sustained by fact, can't stand the test of time.

        Washington has been adept at blaming other countries for its domestic woes and its recent trade offensive against China, to some extent, also falls into this category.

        The Trump administration claims that since China joined the World Trade Organization (WTO) in 2001, the United States has lost more than 60,000 factories.

        However, a quick fact-check will show that the reality is something else. Statistics indicate that the decline in U.S. manufacturing jobs is more of a domestic issue than due to trade with low-wage economies like China.

        According to U.S. economist Philip Levy, irrespective of China's entry into the WTO, the share of manufacturing employment in total U.S. nonfarm payrolls -- the primary indicator used to assess U.S. job creations -- fell about 30 percent every 16 years. The China factor, instead of generating the decline, actually represents slowing of an existing trend.

        What's more, in a study on the impact of expanding Chinese imports on jobs, Yale University professor Lorenzo Caliendo said access to low-cost intermediate inputs from China has increased employment in non-manufacturing sectors, including retail, construction and services, to offset the job losses in manufacturing, resulting in a rise in welfare.

        A number of sobering facts explains what truly causes job losses.

        First, it is not Chinese workers that take away jobs from U.S. workers. U.S. firms are choosing to invest and set up factories in China, where the workforce is skilled and cheaper.

        Actually, U.S. investors' foreign investments have risen dramatically since the 1990s, shifting low-value-added, labor-intensive industries to developing countries for low-cost assembly.

        Second, U.S. factories don't need as many workers as they used to because robots are increasingly doing the work and the industry is becoming more productive and closer to markets.

        In fact, while trade accounted for about 12 percent of the lost U.S. factory jobs, 88 percent of the jobs were taken over by robots and other factors at home.

        Moreover, there is no downturn in U.S. manufacturing output. Rather, investment in automation and software has doubled the output per U.S. manufacturing worker over the past two decades.

        Last but not the least, the two largest economies in the world are interdependent and more than bilateral trade partners. According to the U.S. Department of Commerce, U.S. exports of goods and services to China supported an estimated 910,000 jobs in 2015 -- 601,000 were supported by goods exports and 309,000 by service exports.

        For years, the United States has enjoyed service trade surplus with China. The surplus recorded 38 billion U.S. dollars in 2016, 11.6 percent more than in 2015 and up 908 percent from 2001.

        More importantly, when looking at the overall U.S. trade deficit, the proportion of U.S. trade deficit with China is on the decrease year by year. The United States' claim that its trade deficit with China is widening is based on questionable algorithms. No one can deny that the majority of the profits goes into the U.S. pocket.

        It's primitive for the U.S. Government to tackle trade disputes by wielding the trade protectionism stick. The drop in U.S. manufacturing employment should not be the only indicator to gauge the balance of benefits from the economic relationship with China, nor should it overshadow the sizable benefits of the trade to the American economy and the potential of fresh trade gains.

        Any trade war will affect millions of workers in hundreds of real and varied places, and ultimately produce unexpected ramifications for local communities in the United States.

        Targeting China will only divert energy from the real challenge and put the future of the U.S. economy at risk.

        TOP STORIES
        EDITOR’S CHOICE
        MOST VIEWED
        EXPLORE XINHUANET
        010020070750000000000000011100001371222861
        主站蜘蛛池模板: 亚洲综合无码中文字幕第2页| 亚洲中文字幕乱码免费| 中文字幕久久人妻熟人妻| ww污污污网站在线看com| 2022最新国产在线不卡a| 久久精品伊人波多野结衣| 老司机久久99久久精品播放| 国产四虎永久免费观看| 中文字幕日韩精品欧美一区| 久久精品视频这里有精品| 67194熟妇人妻欧美日韩| 日本激情久久精品人妻热| 人妻久久久一区二区三区| 亚洲中文字幕无码卡通动漫野外| 精品国产一区二区三区av性色| 最近中文字幕完整国语| 国产精品亚洲五月天高清| 最近免费中文字幕大全| 欧美乱大交aaaa片if| 午夜精品福利亚洲国产| 久久精品国产99久久6| 在线观看国产成人AV天堂| 国产AV嫩草研究院| 日韩中文字幕人妻精品| 好姑娘完整版在线观看| 自拍偷拍一区二区三区四| 美女大bxxxxn内射| 亚洲av中文久久精品国内| 精品熟女日韩中文十区| 精品 无码 国产观看| 国产精一品亚洲二区在线播放| 性夜黄a爽影免费看| 国产精品福利在线观看无码卡一| 日本最新免费二区三区| 欧美极品色午夜在线视频 | 国产极品尤物粉嫩在线观看| 日日摸夜夜添夜夜添国产三级| 国产精品制服丝袜无码| 亚洲国产初高中生女av| 99精品国产成人一区二区| 美女无遮挡免费视频网站|