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The following article was published in our article directory on January 17, 2011.
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Who Is The Beneficial Owner In China - American economic and trade cooperation

Article Category: Business

Author Name: Amanda xzh

Obama in the White House since the u.s.-china economic trade friction significantly worse. But from the bilateral economic and trade relationship to the overall view, friction is still tributaries, the cooperation of both sides is the mainstream. Last December 6, 32-bit Congressman sent a letter to Chinese leaders, request hu mid-january a dustup speak on china-us economic and trade to the americans bring which benefits. 40 years of practice already showed: sino-american mutual important trading partner, bilateral economic and trade exchanges is always mutual benefit and win-win cooperation.

First of all, Chinese exports to the us commodity structure is mostly inexpensive daily consumer goods. This conforms to the U.S. market demand, helps ease U.S. inflationary pressures to the United States is adjustment of industrial structure and economic development necessary supplement. According to Morgan Stanley group of statistics, from 1996 to 2003 China's trade surplus with the United States 2291.8 billion dollars. But this period inexpensive commodity not only give us consumers save more than 6,000 billion dollars, and make us manufacturers lowers the cost and help the U.S. control on inflation.

Second, the American exports to China is growing so quickly. In July last year, the national council for american-chinese trade figures showed: from 2000 to 2009 beauty exports from 16.2 billion dollar amount increased to 696 million us dollars, up 330%, and mei except for outside China trading partner of all export only grows 29%. From 2006 to 2010 beauty exports are greatly exceed the growth of imports from China's growth. Last October, the us department of commerce for the next five years plan blueprint, export double exports last year (in fact an annual growth 15.6% had been greatly exceed), in the United States in the top ten exports partner topped the list. Thus, if not for Chinese exports of rapid growth, Obama export doubled over the next five years plan are afraid to cash.

Third, since the new century, China's large buying American bonds, effectively support the American economy development. To September 2008 China surpassed Japan to become the biggest holding Treasury overseas countries. In 2008, "says American erupted in financial crisis, the Chinese government immediately large us treasuries, help us cope with the financial crisis and the economic crisis. According to the American Treasury data released, China from January 2008 hold 5187 billion of American Treasury bonds by 2010 10 months immediately to 9068 billion, less than three years China net hold us treasuries 3881 billion U.S. dollars, the U.S. should financial crisis and the economic recovery has made outstanding contribution.

Fourthly, China is unprecedented modernization, we must introduce many civil advanced technology and equipment. The current need clean energy, energy saving, environmental protection alternative energy and high-tech. A good example is the fourth, fifth sino-us strategic economic dialogue to reach the sino-us energy environment ten years' cooperation framework "and the related agreement as the enterprise to provide hundreds of billions of dollars more business opportunities. In recent years China has introduced Westinghouse electric company's technical construction zhejiang sanmen and guangdong nuclear power reactors, such 4 yangjiang platform, the amount of $8 billion, will be put into operation in 2013. Former us energy secretary Samuel bodman, said: "this pile of involved amount billions of dollars for U.S. large single will create 5,500 jobs."

From 2011 of China "by 2015 1025" programming, China's total import commodity trade will reach 8 trillion dollars. This is a real emerging big market. So long as the U.S. government to relax the China civil high-tech controls, American large and medium-sized enterprises have ability in China in the emerging field of some more market share. China will also become one of the best American exports large market. Sino-american were at different phases of industrialization and modernization, this determines the two countries in economic and trade cooperation on inevitably has broad prospects. China's magnificent modernization will pull and promote the development of the U.S. economy. China's reform and opening-up and modernization, the biggest beneficiaries of course is the 1.3 billion people in China and overseas the biggest beneficiaries is America

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