BEIJING, June 11 -- U.S.-triggered trade frictions failed to narrow its deficit with China, but instead widened the gap, China's customs data of the first five months showed Monday.
According to the General Administration of Customs, China-U.S. goods trade dropped 9.6 percent year on year to 1.42 trillion yuan (about 206 billion U.S. dollars) during the period.
In breakdown, exports to the U.S. edged down 3.2 percent year on year to 1.09 trillion yuan, while imports from the U.S. plunged 25.7 percent year on year to 335.3 billion yuan, pushing China's surplus up 11.9 percent to 750.6 billion yuan.
China's declining trade with the U.S. mirrored that the U.S. market relied heavily on China's products, not the other way around, said Zhuang Rui, deputy dean of the Institute of International Economy from University of International Business and Economics.
Therefore, wielding the tariff stick to fix trade imbalance was a wrong move for the United States, Zhuang pointed out.
A report published by the U.S. Department of Commerce showed that the U.S. deficit in goods trade totaled 891.3 billion U.S. dollars in 2018, hitting a record high in a decade.
Referring to the deficit as a homegrown problem, Stephen S. Roach, a senior fellow at Yale University, maintained that the U.S. trade deficit exposed the imbalance inside its own economy.
Last Thursday, China's Ministry of Commerce (MOC) released a research report analyzing reasons behind bilateral trade imbalance, including industrial competitiveness, international labor division and economic structure.
Only by adopting macroeconomic regulatory measures and striking a balance between supply and demand, can the U.S. utterly eliminate trade deficit with China, China's MOC report said.
If the U.S.-triggered trade frictions keep escalating, it would worsen the economic downturn both in the United States and beyond, adversely influencing different aspects of the U.S. economy, said Li Xuesong, an economist with the Chinese Academy of Social Sciences.
Cooperation is the only right choice for the two countries, and both sides should address differences through dialogue and consultations in the spirit of equality, mutual respect and benefit, Li said.
很美的英语名言
提高英语听力的六大关键问题
英语格言
英语格言 学习工作篇 1
小学英语格言 外国著名格言
英语名人格言 播种与收获
英语听力日常及考试技巧大汇总
听力训练方法
英语格言 愚蠢篇FOLLISHNESS (2)
英语名人名言集锦
小学英语名人格言集锦
《新概念英语》之父L.G.Alexander:关于提高英语听说能力的建议
小学谚语大全系列A
英语格言 愚蠢篇FOLLISHNESS (1)
英语人生格言 经验是智慧之父
英语格言 名言警句-家庭篇
英语名人格言:健康尤胜于财富
英语格言警句 自满之人腹内空
英语人生格言 再思而后行
英语常用谚语 关于Q的谚语
听力经验分享:从应对考试到听懂脱口秀
英语格言 文化教育篇1
英语格言 英语妙语佳句赏析
英语格言警句 关于尊师重道
英语名人格言 人生的价值
小学英语英语名言警句集锦
英语谚语 No sweet without sweat
提高英语听力水平的捷径
小学英语格言十则
英语名人名言:一燕不成夏
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |