男友太凶猛1v1高h,大地资源在线资源免费观看 ,人妻少妇精品视频二区,极度sm残忍bdsm变态

Global EditionASIA 中文雙語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: 冕宁县| 冷水江市| 延津县| 新安县| 蕲春县| 曲松县| 翼城县| 安丘市| 潞西市| 安义县| 于都县| 辉县市| 泉州市| 萍乡市| 门源| 通化市| 宁化县| 淮北市| 莱西市| 金山区| 卓资县| 同仁县| 三台县| 高尔夫| 登封市| 公主岭市| 怀柔区| 昌都县| 衡山县| 灌云县| 寻甸| 阳山县| 启东市| 江川县| 弋阳县| 台东市| 炎陵县| 武乡县| 汉源县| 资阳市| 行唐县|