"United States Cato Institute website on March 30 article" question: do business with Chinese Dragon
last fall , United States Democrats have tried to upset voters to doing business with China into a magic weapon to win in that election day. However, while American opinion poll agency said they worry about job opportunities may be China claimed, but the vast majority of people involved in the November vote did not bite.
although Sino-US trade relations are complex, but basically, it is good for both, for the same reason, since the end of World War II, expansion of trade has been in line with United States interests. Trade with China, and as with other parts of the trade, expanding United States companies market, United States consumers to see more competition and innovation, and get the lower price, at the same time trade has also contributed to peace, has also spread to overseas United States influence and value.
all Americans benefit from China
politicians seize the export issue is not, but forgot to benefit all voters from imported goods. In the United States $ 365 billion worth of goods imported from China in 2010, more than three-fourths is to improve the living and working conditions of our consumer goods.
for these commodities is particularly important for working class families and in Wal-Mart Supercenter, take the family out of the greater part of the income to purchase our affordable non-durable goods imported from China. Christian ·, University of Chicago; Broda and John · luomalisi a 2008 study found that imports of goods from China was slowed by poor may buy goods prices rose. Some politicians called for higher tariffs on goods imported from China, they aimed at the poor and middle class money bags.
for United States companies and people working in these companies, China is still accepted United States exports of the fastest growing major market. 20 years ago behind the size of the Chinese market is still in many countries, now became a United States third largest buyer of export commodities, second only to Canada and Mexico. In 2010, the United States exports to China has surged 30% compared with the previous year, growth is much faster than exports to other regions. Soybeans and copper is a United States main export commodities to China, but we sell is mostly high-end manufacturing products in China, mainly chemicals, plastics and other industrial machinery, computers, semiconductors, and civilian aircraft.
sold goods to China is not just the Fortune 500 companies. US exports to China more than one-third of commodities originated from small and medium enterprises, which employ the number of employees is less than 500 people. If the Chinese airplane and sitting next to people chatting, may find that the other side is a sales rep or supervisor, from now to the Chinese of this rapidly expanding market sales of goods of 27,000 United States one of the small and medium enterprises.
when the Chinese do not have their earned dollars to buy United States products, they purchased United States Government bonds. Critics believe that United States Government debt growing due to the Chinese is not a good thing. Although trillions of financial deficit was terrible, but this is not China's errors, but those that extravagance of Washington politicians are wrong. According to a study of the Federal Reserve, if we are not from China, Japan and other net saving countries borrow money United States long-term interest rates will almost certainly be higher, some important investment opportunities in China's economy will also be lost. Capital inflows from China spurred the United States of economic development, without pushing up inflation, nor encourage secondary credit.
