1. LINE

      Text:AAAPrint
      Economy

      China's WTO entry benefits U.S., global growth(2)

      1
      2021-11-08 08:33:06Xinhua Editor : Li Yan ECNS App Download

      Employees work at the Tesla Gigafactory in Shanghai, east China, Nov. 20, 2020. (Xinhua/Ding Ting)

      In a report submitted to the Office of the United States Trade Representative in September, the U.S.-China Business Council (USCC) said that on balance, China's WTO entry has been positive for the United States and the world.

      "Apart from China itself, the U.S. economy has benefitted more from China's decision to open-up, including its decision to join WTO, than any other economy. China's WTO entry has certainly not been a 'curse' to the U.S. as some U.S. commentators now want us to believe," said Pieter Bottelier, a visiting scholar at the Johns Hopkins University School of Advanced International Studies.

      NO CHINA CONNECTION WITH U.S. HARDSHIP

      The loss of manufacturing jobs in the United States in the past several decades has been serious and caused severe hardship in traditional manufacturing industries.

      However, according to studies and experts, economic difficulties facing the world's largest economy, such as a loss of manufacturing jobs, has nothing to do with China.

      Citing major studies, Bottelier, also former chief of the World Bank's resident mission in Beijing, noted that as for the loss of manufacturing jobs, "there is no particular connection with China's entry into the WTO."

      The single most important reason for manufacturing job losses in the United States is not a transfer of jobs to China, but technological development in manufacturing such as robots, artificial intelligence and information technology, Bottelier said.

      When China joined the WTO in 2001, it was the beginning of a period when the United States started to experience a great loss of manufacturing jobs.

      The harm to American workers was, and is, due to the unsatisfactory performance of the U.S. government in transition programs, according to Keidel.

      "Blaming China is the policy that justifies non-action, because unfortunately here we haven't done our homework," said Tourk, adding that the workers were not equipped with new skills.

      Photo taken on Nov. 5, 2021 shows handbags printed with environmental friendly ink at DuPont booth during the 4th China International Import Expo (CIIE) in east China's Shanghai. (Xinhua/Zhang Yuwei)

      MILESTONE FOR WORLD

      The year of 2021 marks the 20th anniversary of China's accession to the WTO. Over the last two decades, the country's continuous efforts in widening opening-up have brought its development to a new stage and injected fresh impetus into the world economy.

      China has lowered the import tariff for goods to 9.8 percent from 15.3 percent when it joined WTO 20 years ago. At present, its overall import tax stands at 7.4 percent, lower than the average level of developing members of the WTO and is approaching the level of developed members of the organization.

      China's entry into the WTO was "a milestone event," said Robert Lawrence Kuhn, chairman of the Kuhn Foundation.

      It has accelerated the country's engagement with the external world quite dramatically, beginning with trade and the development of a manufacturing base in China, which later expanded into the manufacturing center of the world, Kuhn said.

      Borge Brende, president of the World Economic Forum (WEF), also said China's accession to the WTO in 2001 is an important step for its economic development and a milestone in globalization.

      After joining the WTO, "China is very much integrated in the global economy," Brende told Xinhua.

      MorePhoto

      Most popular in 24h

      MoreTop news

      MoreVideo

      LINE
      Back to top About Us | Jobs | Contact Us | Privacy Policy
      Copyright ©1999-2021 Chinanews.com. All rights reserved.
      Reproduction in whole or in part without permission is prohibited.
      [網上傳播視聽節目許可證(0106168)] [京ICP證040655號]
      [京公網安備 11010202009201號] [京ICP備05004340號-1]
      主站蜘蛛池模板: 毛片免费全部播放一级| 亚洲精品亚洲人成在线| 深夜a级毛片免费视频| 中文字幕影片免费在线观看| 亚洲AV日韩AV鸥美在线观看| 免费播放在线日本感人片| 国产亚洲精品成人AA片新蒲金| 污网站在线观看免费| 国产亚洲精品观看91在线| 日韩免费电影网址| 久久精品夜色国产亚洲av| 99在线在线视频免费视频观看 | 毛片基地免费观看| 亚洲五月综合缴情婷婷| 岛国大片免费在线观看| 亚洲av成人一区二区三区在线播放 | jizzjizz亚洲| av片在线观看永久免费| 亚洲AV日韩精品久久久久| 老司机永久免费网站在线观看| 立即播放免费毛片一级| 国产成人亚洲综合无码| 永久免费AV无码网站国产| 亚洲最大天堂无码精品区| 免费A级毛片无码A∨男男| 亚洲视频在线免费| 亚洲色偷偷综合亚洲AV伊人蜜桃 | 97在线观看永久免费视频| 亚洲欧美自偷自拍另类视| 亚洲成av人影院| 麻豆一区二区免费播放网站 | 亚洲美女视频免费| 亚洲欧美日韩综合俺去了| 亚洲不卡av不卡一区二区| 男人的天堂亚洲一区二区三区| 久久精品成人免费网站| 亚洲一区二区三区丝袜| 亚洲91av视频| 国产亚洲人成网站在线观看不卡| 国产一级特黄高清免费大片| 毛片在线播放免费观看|