The Ministry Of Commerce Issued A Research Report On The Benefits Of The US In Sino US Economic And Trade Cooperation.

It was learned that the Ministry of Commerce issued a research report on the benefits of the US in Sino US economic and trade cooperation in June 6th.

It is clear that Sino US economic and trade cooperation has brought tangible benefits to the two countries and the two peoples, and the United States has benefited immense.

The US trade deficit with China is the result of the joint action of the United States on China's export control and the market. It is affected by many factors, such as industrial competitiveness, economic structure, trade policy, the reserve currency status of the US dollar, and so on.

The report points out that in the past 40 years since the establishment of diplomatic relations between China and the United States, the two countries have seized the historical opportunity of economic globalization, giving full play to the complementary advantages of the two economies and promoting bilateral economic and trade cooperation to achieve development from scratch, from small to large, from single to multiple.

The volume of trade in goods between China and the United States increased from 2 billion 500 million US dollars in 1979 to 633 billion 500 million US dollars in 2018, an increase of 252 times, the volume of trade in services exceeded US $125 billion, and the total direct investment of bilateral investment totaled nearly US $160 billion. Sino US economic and trade cooperation has brought tangible benefits to the two countries and the two peoples and contributed to the prosperity and stability of the world economy.

The report analyzes the reasons for the US trade deficit with China.

From the perspective of trade policy, the US's strict export control to China is one of the important reasons for the trade deficit.

The export control measures of the United States involve about 10 items of about 3100 items, most of which are high-tech products with export advantages.

Strict export control policy has caused us enterprises to lose their trading opportunities.

In China's imports of high-tech products, the share of imports from the United States decreased from 16.7% in 2001 to 8.2% in 2018.

According to the US Carnegie endowment for international peace, if the United States adjusts its export control to China, the US trade deficit with China will be reduced by 1/3.

The report further points out that the economic benefits gained by the United States from China can be divided into two categories: the US sales to China and the capital inflow from the United States.

US sales revenue to China is a market opportunity for American enterprises in China, which includes two parts:

First, the export of goods and services to China by US businesses, which is the sales revenue gained by overseas companies in the Chinese market.

According to Chinese customs statistics, in 2017, the export of us to China was $153 billion 900 million, and the export volume was $87 billion 100 million, a total of $241 billion.

The two is the sales revenue of American enterprises invested in China.

According to China's Ministry of commerce data, in 2017, the actual sales income of the US funded enterprises was about US $700 billion.

Taken together, in 2017, the total sales revenue from the us to China amounted to about 940 billion US dollars.

The capital inflow from the United States mainly consists of three parts:

One is China's investment in the US.

By the end of 2017, China's total investment in the United States amounted to US $155 billion 800 million.

The two is China's holdings of US Treasury bonds.

According to data released by the US Treasury, by the end of 2017, China's holdings of US Treasury bonds amounted to US $1 trillion and 180 billion.

The three is the profit made by US financial institutions to invest in Chinese financial institutions.

According to statistics from the Chinese side, US financial institutions, as strategic investors or investors of China's financial institutions, have an investment income of about US $32 billion 600 million.

By the end of 2017, the total amount of capital inflow from the United States amounted to US $1 trillion and 370 billion in total. The total of the total three.