在线国产一区二区_成人黄色片在线观看_国产成人免费_日韩精品免费在线视频_亚洲精品美女久久_欧美一级免费在线观看

Global EditionASIA 中文雙語(yǔ)Fran?ais
Business
Home / Business / China US trade tensions

Decoupling US-China economies 'dangerous': economist

Xinhua | Updated: 2019-07-10 15:33
Share
Share - WeChat

NEW YORK - The attempt to decouple China from the United States or the broader global economy is "both absurd and dangerous," a leading US economist said.

"By eliminating China both as a major source of global growth as well as a major impetus behind the expansion of global value chains, there can only be further downside to an already sluggish post-crisis global economy," said Stephen Roach, a senior fellow at Yale University's Jackson Institute of Global Affairs, in a recent email interview with Xinhua.

"In the past 11 years, 2008-2018, China has accounted for fully 37 percent of the average 3.4 percent growth in the global economy," about five times the share of the US contribution to the global growth over the same period, Roach said.

The US economist emphasized the crucial role of global trade expansion in the rise of global output, noting that trade linkages have undergone an important shift from finished goods to supply-chain piecemeal production over the recent years.

Citing the latest Global Value Chain (GVC) Development Report released by the World Bank, Roach, who is also a longtime China watcher, said that China is "playing an increasingly important role as a supply and demand hub in GVC networks."

Given the crucial role that China has played in the global economy and supply chain, Roach cautioned that Chinese decoupling is "destructive" and "could well be the ultimate lose-lose scenario for the world economy."

Commenting on the recent development concerning US-China economic relations, Roach said that both sides have agreed "to stand down from the worrisome escalation of economic conflict," which "is certainly good news," as it ruled out the alternative of expanded tariffs and company-specific sanctions while deciding to resume trade negotiations.

"Converting distrust back into trust is an important first step on the road to a strategic partnership," he noted, adding that both sides should be poised for brave formidable challenges ahead in order to foster a more constructive relationship.

While "a win-win alternative is hard to create out of thin air," the economist pointed out that taking the opportunity to fix domestic problems "rather than attacking the other as existential threats to national goals" would be more helpful on this front.

A win-win solution for the United States and China can only occur "if the balance is shifted away from destructive perceptions of the external threat back toward the constructive opportunities of meeting domestic challenges head on," he added.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
CLOSE
 
主站蜘蛛池模板: 极品av| 日本不卡一区二区三区在线观看 | 96久久久久久 | 精品国产区 | 国产在视频一区二区三区吞精 | av久久| 日韩一区在线观看视频 | 一级片手机免费看 | 视频一区在线播放 | 欧美一区,二区 | 久草久草久 | 黄色av电影在线看 | 欧美影院一区 | 久久性视频 | 久久99精品久久久久久久青青日本 | 四虎影视库| 日本黄色三级网站 | 久久久91精品国产一区二区精品 | 亚洲精品乱码久久久久久按摩观 | 久热精品在线 | 久久久久中文字幕 | 黄色网亚洲| 日韩视频免费在线观看 | 国产一区二区三区免费 | 免费视频二区 | 日韩欧美在线观看视频网站 | 欧美日韩国产成人在线 | 久久久久国产一区二区三区 | 亚洲精品美女久久 | 国产一区二区视频在线观看 | 久久精品中文 | 国产精品久久久av | 在线精品亚洲欧美日韩国产 | 91se在线| 嫩草影院网站入口 | 中文字幕日韩欧美 | 欧美乱淫 | 精品一区二区三区四区五区 | 欧美一区二区三区在线 | 亚洲一区二区三区在线播放 | 国产一区二区不卡 |