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The following article was published in our article directory on January 5, 2011.
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China's economic will be paid more attention

Article Category: Finances

Author Name: xia zihui

China-us economic and trade relations how to locate

HuoJianGuo (mofcom international trade and economic cooperation research institute President) : between China and the contradiction in upgrading state. From the economic perspective, trade imbalance is still in high levels. In 2008 China to America surplus $170 billion, 2009 to $140 billion, accounting for 70% of our foreign surplus. According to the American statistics, the imbalance of sino-american trade accounts for 45% of U.S. deficit. This contradiction in 3-5 years, it is difficult to have the big change, this also is in sino-us trade conflicts exist for a long time of a factor.

Trade is the cornerstone of sino-us relations

ZhouShiJian (tsinghua university sino-us relations research center, a senior fellow at) : the RMB exchange rate reform by U.S. intervention in the deep, now need to understand is that sino-us trade for American how many benefits. Speak economy without number, and let the digital speak. The us-china business council, according to figures released from 2000-2009, the beauty of its exports to 330%, growing beyond China the other countries around the world grows 29%. The 2008-2009, the us experienced financial crisis, the United States exports to fall only 0.2%, to other countries decline 19%. These Numbers can be very well illustrated problem. I think, sino-us trade relations, cooperation is the mainstream, development is the mainstream, rapid development is the mainstream.

How to deal with the economic and trade frictions sino-us future

LiDaoKui (tsinghua university of China and the world economic research center director) : on economic issues, America's core interests and strategic thinking, short-term see, is tried to avoid japan-like recession, Long-term view, is to maintain the United States in international economic system's leadership, especially dollars status. So China's strategic interests? First, in the next three to five years, China to achieve economic structure and development mode change, keep the sustainability of economic growth, especially in the 20 years, 30 years of continuous growth, not only guaranteed short-term by 8 percent. Second, about the international financial system and order, and perform some of the adjustment and change. The most important is RMB internationalization, which China resisting international economic fluctuation is very good.

Based on the above ideas, my advice includes the first, want to have confidence. Confidence comes from to China's economic growth for the long term of faith. China is not in 1985 to Japan, more like Japan in 1955. The next five years, China's economic growth there should be no problem. Second, must have the strategic thinking, is a creative, initiative. Don't in detail and the United States in wrestling and long-term interests in strategically outline long-term, To transcend department interests, emphasizing strategic interests, don't speak only export, only to see some specific enterprises; Not for local interests dom, want to have a holistic thinking.

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