欧美精品在线第一页,久久av影院,午夜视频在线播放一三,久久91精品久久久久久秒播,成人一区三区,久久综合狠狠综合久久狠狠色综合,成人av一区二区亚洲精,欧美a级在线观看

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: 午夜伦理片在线观看| 国产无遮挡又黄又爽又色视频| 99久久婷婷国产亚洲终合精品| 午夜激情电影在线播放| 国产精品久久久视频| 日韩亚洲欧美一区二区| 欧美一区二区三区激情在线视频| 视频国产一区二区| 91免费看国产| 日本黄页在线观看| 久久国产激情视频| 麻豆91在线| 国产午夜一区二区三区| 丰满岳乱妇bd在线观看k8| 伊人欧美一区| 欧美日韩中文字幕一区二区三区 | 亚洲欧美国产精品久久| 香蕉视频在线观看一区二区| 国产区二区| 欧美日韩综合一区| 99热久久这里只精品国产www| 91麻豆精品一区二区三区| 日本午夜影视| 亚洲精品少妇久久久久| 国产一区二区伦理| 国产精品麻豆一区二区| 国产一区二区在线91| 国产精品刺激对白麻豆99| 亚洲在线久久| 国产精品视频一区二区在线观看| 久久影视一区二区| 午夜电影毛片| 天天射欧美| 亚洲欧美v国产一区二区| 欧美日韩乱码| 亚洲欧洲日韩在线| 一色桃子av| 99国产精品久久久久99打野战| 香港三日本三级三级三级| 国产乱淫精品一区二区三区毛片| 九九久久国产精品| 国产大片一区二区三区| 国产欧美日韩一区二区三区四区| 国产精品v一区二区三区| 国产麻豆一区二区| 91一区二区在线观看| 久久99精| 中文字幕一区二区三区乱码视频 | 国产午夜三级一区二区三| 国产欧美日韩综合精品一| 国产一区二区三区影院| 国产一区二区三区网站| 久久99精品国产麻豆婷婷| 91精品一区二区中文字幕| 欧美三级午夜理伦三级中视频 | 欧美黄色一二三区| 亚日韩精品| 午夜无遮挡| 日韩精品一区二区免费| 国产一区二区三区黄| 久久综合伊人77777麻豆| 日韩国产不卡| 欧美一区二区三区中文字幕| 亚洲四区在线| 一区二区三区四区中文字幕| 午夜裸体性播放免费观看| 浪潮av网站| 国产乱对白刺激在线视频| 久久久久国产精品嫩草影院| 午夜私人影院在线观看| 日韩欧美激情| 国产女人和拘做受视频免费| 黄色91在线观看| 日本福利一区二区| 香蕉视频在线观看一区二区| 91一区在线观看| 一区二区久久精品66国产精品| 国产精品高潮呻吟88av| 97视频精品一二区ai换脸| 欧美激情视频一区二区三区免费| 欧美67sexhd| 中文字幕一区二区三区日韩精品|