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The following article was published in our article directory on January 17, 2011.
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The United States is The Biggest Beneficiaries In Chinese Economy

Article Category: Business

Author Name: xia zihui

Obama in the White House since china-us economic trade friction obvious intensifies, including the RMB exchange rate, intellectual property rights, government procurement, even rare earth supply, etc. Though much, but from the overall situation of china-us economic and trade relations standpoint, friction is still tributaries, the cooperation of both sides is the mainstream, rapid development is still the mainstream. Anyhow, china-us economic and trade cooperation in the friction of rapid development.

Last December, 32-bit U.S. lawmakers 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. Practice shows that China and the United States are already important trading partner, bilateral trade and economic cooperation has been a win-win.

First of all, Chinese exports to the United States commodity mostly inexpensive daily consumer goods. This conforms to the American market needs and helps ease U.S. inflation pressure to the United States is adjustment of industrial structure and economic development necessary supplement. According to Morgan Stanley statistics, from 1996 to 2003, China for American trade surplus 2291.8 billion dollars, but these inexpensive commodity let American consumers save more than 6,000 billion dollars and make America manufacturer to reduce costs, to help us to control inflation.

Second, China's rapid market expansion, us exports to China is growing so quickly. In 1980 in American exports, China ranks only partner in the first 24 bits, 2007 China overtook Japan to become the third-largest export market. The us-china business council in July last year data show that from 2000 to 2009, us exports from 16.2 billion dollar amount increased to 696 million us dollars, up 330%, while the United States except for outside China trading partner of all export only grows 29%. If not for Chinese exports of rapid growth, Obama export 5 years multiply plan are afraid to cash.

Third, since the new century, China's large buying American bonds, supports the American economic development. 2008 September, China surpassed Japan to become the biggest holding Treasury overseas countries. Especially after the financial crisis, the Chinese government immediately quickly large us treasuries, help us cope with all the financial crisis and economic crises in 2010, October immediately to 9068 billion, less than three years China net hold us treasuries 3881 billion dollars.

In the history, a country to foreign countries with large scale economic financial aid had twice. The first is the U.S. to implement "loan during world war ii, the second act" is the postwar "Marshall plan", the two amounting to $60 billion, it is the United States of the world antifascist war and the world's economy made outstanding contribution. China now hold 9068 billion dollars in us treasuries, considerably more than the total Obama 7870 billion dollars for U.S. should stimulate plan, financial crisis and the economic recovery make outstanding contributions. This should not be ignored by people or forgotten.

Fourthly, China is unprecedented modernization, we must introduce many civil advanced technology and equipment. China's current need clean energy, energy saving, alternative energy and environmental technologies. 2006, for the fourth time, sino-us strategic economic dialogue fifth reached in energy and environmental cooperation framework agreement, can for ten years American enterprise provide hundreds of billions of dollars more business opportunities is a very good example. 16 December 2006, China and the United States signed the agreement, China imported Westinghouse electric company of zhejiang sanmen APlOOO technical construction and guangdong nuclear power reactors, such 4 yangjiang platform, the amount of $8 billion. Beauty energy secretary Samuel bodman, said: "this pile of involved amount billions of dollars for U.S. large single will create 5,500 jobs." Facts show that sino-us civil high-tech cooperation is not only the mutual reciprocity and mutual benefit, and contribute to world energy saving, since the win-win, also be more profits.

2009, China has become the world's second-biggest importer, and in "1025 planning", China commodity trade total imports 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 the emerging market ground of some share more. China will also become one of the best American exports large market. The two countries were at overspending different phases industrialization and modernization, this determines the two countries in economic and trade cooperation on inevitably has broad prospects, will give the two countries economic development bring huge benefits. The process of China's modernization will pull and promote the development of the U.S. economy. 31 years of China's reform and opening 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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