ally those whole-heartedly trumpeting an all-round trade war.
But as Paulson also pointed out, what is at stake goes far above and beyond a trade war.
上海千花坊Which is why, despite their continuing differences, Beijing and Washington should work together to make the upcoming Xi-Trump meeting a success.
Economic disputes will not come in the way of China’s reform and opening-up efforts to attract investment
Over the past year, the US government has unilaterally provoked and escalated economic and trade friction with China, with negative impacts on bilateral economic, trade ties and global economic development.上海千花坊
During this rare dispute, voices from home and abroad have made a lot of statements, making the cause and the facts clearer. China-US economic and trade friction in上海千花坊
volves a lot of issues, which need further clarification. The Chinese believe in truth and are not afraid of the clarifications.
• Is the Sino-US trade relationship a zero-sum game?上海千花坊女神会所
Some people in the US stirred up economic and trade friction with China with a solitary reason in mind – loss of profit to US firms and excessive gains for Chinese firms in bilateral
上海千花坊trade, making the issue a threat to Washington’s economic and even national security. This view, which is full of Cold War bias, reflects the hegemony and zero-sum ga
me thinking. Is Sino-US economic and trade relation a zero-sum or win-win game? The answer is clearly both in theory and in practice.
In international economic cooperation, trade relations are based on mutually beneficial exchanges, rather than a zero-sum game in which one side benefits and the o
t上海千花坊女神会所her loses. International trade can lead to optimized allocation of global resources, the common development of all economies involved and the common pr
ogress of human society. The history of international trade and the trade between China and the US have proved that such a practice is effective, and such p
ractical experience has long been the basic principle of international economic study. Since the establishment of diplomatic relations between the two co上海千花坊女神会所
untries, bilateral trade in goods increased 252-fold, from less than $2.5 billion to $633.5 billion between 1979 and 2018.
In the past four decades, two-way investment has grown from almost zero to over $160 bil
lion, making the two countries a vital investment partner for each other. The history of Sino-US ec
onomic and trade relations proves that both countries have benefited in industrial development and optimization. The trade relations have cre
ated a situation in which both parties won rather than one in which China progressed and the US lost out.
• Is US’ insistence on “fair trade “really fair?
Some people in the United States accuse China of adopting unfair and unequal trade policies that
have caused the US trade deficit with China. They tried to grab fair trade as a way to keep the moral high
ground in public opinion. However, what is “fair trade”? Fairness is a matter of history. In international trade, due to the difference in the stages of developm
ent, specific conditions and interests from different countries, in order to make trade happen smoothly, the
international community has formed trade rules through negotiations on an equal footing.
hinese President Xi Jinping holds a welcome ceremony for Turkish President Recep Tayyip Erdogan
上海419before their talks in Beijing, capital of China, July 2, 2019. Xi held talks with Erdogan at the Great Hall of the People in Beijing on Tuesdhinese President Xi Jinping held talks with his Turkish counterpart Recep Tayyip Erdogan at the Great Hall of the People on Tuesday, pledging more efforts to promote strategic cooperation between the two sides and work for sound bilateral ties.
Last year, China’s per-capita gross national income (GNI) hit $9,732, higher than that of middle income countries, according to a report released by the National Bureau of Statistics Monday.上海419
This year marks the 70th anniversary of the founding of the People’s Republic of China. Over the past seven decades, China’s national economy maintained rapid growth, with a tangible rise in its economic aggregate, the report said.
The report, which elaborates economic and social development achievement since the founding of New China 70 years ago, show
ed China’s GDP was 67.9 billion yuan in 1952, with per-capita GDP of 119 yuan. In 1978, C上海419品茶微信
hina’s GDP rose to 367.9 billion yuan, accounting for 1.8 percent of the global economy and ranking No 11 in the world.
Since the country began to implement reform and opening-up in 1978, China’s economy has maintained rapid growth. Its econo
mic aggregate surpassed 1 trillion yuan in 1986 and 10 trillion yuan in 2000, becoming the sixth-largest economy in the world上海419
. In 2010, China’s economic aggregate was 41.21 trillion yuan, overtaking Japan to become the second-largest economy.
上海419Over the past three years, China’s economic aggregate has topped 70 trillion yuan, 80 trillion yuan and 90 trillion yuan, respectively. Last year, Ch
ina’s economic aggregate reached 90.03 trillion yuan, accounting for nearly 16 percent of the global economy, while its
per-capita GNI reached $9,732, higher than the average level of middle income countries.上海419品茶微信
China’s financial strength has also improved greatly, with big increase in fore
ign reserves. In 1950, China’s fiscal revenue was only 6.2 billion yuan, and the figure rose to 113.2 billion yuan in 1978.上海419品茶微信
Since the country began its reform and opening-up, China has seen a surge in fiscal revenue. In 1999, China’s national fis
cal revenue exceeded 1 trillion yuan for the first time, and reached 11.72 trillion yuan in 2012, and 18.34 trillion yuan in 2
018. Between 1951 and 2018, China registered an average annual growth of 12.5 percent in fiscal revenue, providing st
rong capital guarantee to promote economic development and improve people’s livelihood.
Since the reform and opening-up, China’s foreign exchange reserves have show
ed stable growth. As of 1978, the figure stood at $167 million, ranked 38th in the world. By
the end of 2006, China’s foreign reserves surpassed $1 trillion and become the world’s largest. The figure w
as $3.07 trillion as of the end of last year, ranking at the top worldwide for 13 consecutive years.
Industrial structure continued optimization and upgrade over the past 70 yea
rs. At the early stage of the founding of the country, China’s agricultural production has weak bases, wit
h lower grain output. Since the reform and opening-up, the agricultural economy witnessed rapid development. In
2012, China’s total grain output rose to 612.23 million tons from 304.77 million tons in 1978, while the total output value of ag
riculture, forestry, animal husbandry and fishery increased to 8.63 trillion yuan from 139.7 billion yuan.