Department of commercial affairs: US is actually smaller than the US statistical value to the Chinese trade deficit* American Enterprise obtains from Chinese imported product major part increase in value * is US provides the tremendous employment opportunity to the Chinese trade and investment * Renminbi exchange rate issue must avoid politicization 2010-03-20 09:38: 19 origins: People.com (Beijing) with pasting 0 handsets reads the news

Newspaper Beijing, March 19 – (by Zhang Yixuan) department of commercial affairs concerned people in charge said today that undergoes the team studies of China, US, the US to the Chinese trade deficit after the adjustment the large reduction, the Sino-US trade assumes the offering mutual benefit and achieving common progress aspect. The Sino-US trade relations mutually beneficial interaction, the bilateral avenue for dialog is also very unimpeded, including the renminbi exchange rate all trade issues may through these channel consultation solutions, but must avoid the trade issue politicization.

■ US to Chinese trade deficit after adjustment large reduction

The department of commercial affairs synthesizes department Director Liu Haiquan saying that since long statistics of the Sino-US bilateral trade have very big difference, particularly “east (refers to China to export the US which to trade” and US counts from Chinese import difference to be very big to the US). Therefore both sides established the joint group to conduct the research.

The findings indicated that China exports the cargo is causes the statistical difference after the third place transportation a substantial cause. Liu Haiquan said that China in cargo which exports to US, some major part is transported first to Hong Kong and Busan and China\’s Taiwan, Mexico and other places, after the subpackage, divides the ship transports the US again, during this process some commodities are packed, some passed through the simple retreatment, Chinese imported goods increased price, thus had a part of increment; Moreover, when some cargos declares, exporters in China did not know that exports the US, according to the declaration of importer thinks that is exports South Korea, Hong Kong and other places, but the US according to the original production site rule these export statistics belongs to imports from China, this also in China is the difference reason.

Second, in the middle of the direct trade difference is day by day remarkable , because both sides quote price create differently. China exports in US\’s commodity more than 60% is the processing trade product, these products when entering the pass the quoted price have very big difference in Chinese export declaration with the American importer, causes the US to count from import amount in China is bigger than China counts to the US export amount.

In addition, counts the difference in area of jurisdiction, to be carried over to the following year the transportation to have the time difference and so on, will create the statistical some differences.

Liu Haiquan said that to these aspects\’ statistical difference factors after the quantification adjustment, the conclusion which finally obtained is the US dropped from Chinese import scale, China counted the export the scale also to scale down. Took in 2006 as the example, China counted the export which passes through compared to after adjusting compared to reduced 2%. The US counts from China imports reduces 22%. From this estimated the US 232.6 billion US dollars which counted by the original US to scale down in 2006 to the Chinese trade deficit is 173.4 billion US dollars, reduced 26%.

“This conclusion is China, US counts the personnels and bilateral department of commercial affairs together approval result.”Liu Haiquan said.

■ Sino-US trade mutual benefit is balanced

When referring to Sino-US trade relations\’ general situation, department of commercial affairs Meidasi Director He Ning said that China, US have the obvious complementarity, both sides\’ trade operation potential are huge.

Looking from the commodity trade aspect, the Sino-US both sides trade rapid growth, the volume of trade in China, US from 1979 rapidly grows less than 2.5 billion US dollars to 2009 298.26 billion US dollars, grew nearly 120 times.

According to statistics of China, during the past 5 years, the volume of trade yearly average in China, US grew 9%, at present, the US is the China\’s second big trade partner, second big export market, the sixth big import source. China is the US\’s second big trade partner, third big export market, the first big import source.

In the investment field, by the end of February, the US achieved 58362 to Chinese investment plan, the US actual input has amounted to 62.82 billion US dollars. So far, the US was still one of Chinese foreign capital biggest sources. At the same time, China the trade-type and nontrade company which establishes in the US also presents the growth the tendency. Is over 4.5 billion US dollars to the end of January China Enterprise in each kind of investment in US, the investment scope is widespread.

“Looking from the panoram, the Sino-US trade is the mutual benefit balanced.”Department of commercial affairs spokesman Yao Jianru expressed.

■ American Enterprise obtains from Chinese imported product major part increase in value

According to He Ning, the US realizes the fast growth to the Chinese commodity trade export. China already from 2001 US ninth big export market jump is in 2008 third big export market. US the rate of increment which exports to China is the same time US overall export growth 5.8 times. The US is higher than the US mainly export market\’s average annual growth rate to other to Chinese export average annual growth rate by far.

On the other hand, American Enterprise obtains from Chinese imported product major part increase in value. “During Chinese goods export 40% and 50% are completed by the foreign invested company. Data statistics of the commodity trade have covered the actual interest distribution situation.”He Ning said.

In the trade in services aspect, American Enterprise also obtains the rich income.

In the accountant industry, in 2008 the four big international accounting firm in US receives the sum total to account for the Chinese entire profession income in China 34%. In the banking industry, insurance business, securities business and other domains, the US has opened many companies in China, obtains the massive incomes.

In the legal service industry, by the end of February, the American law office altogether sets up representative office 98 stationed in China, occupies various countries (area) law office to set up the representative office total 33.3%,2008 years business income to occupy various countries in China (area) law office in the Chinese representative body total income 49.68%.

Books copyright trade, China has very great trade deficit, in 2008 China the books type which will introduce from the US with the books which will output to the US always a kind of ratio is 33∶1.

In the investment aspect, the US invests to China became the US to the Chinese trade interest principal means. At present the US is occupying fourth to Chinese investment countries and regions, the Chinese manufacturing industry 29 categories and China pledged 100 service sectors to have the US to invest.

■ is US provides the tremendous employment opportunity to the Chinese trade and investment

He Ning said that during the US beautiful trade operation obtains the macroeconomic benefit is also quite considerable.

At the same time, the Sino-US economic cooperation and trade is helpful to maintaining the economic stability. The US from Chinese large imports high quality at low price\’s product, causes the US in large amount “double deficit” under the pressure, can maintain quite low inflation strength, sharpened the American Populace\’s actual consumption ability, expanded the consumer demand, maintained for the American economy the growth has provided the power. The economists in Britain do the statistics revealed that if does not have the Chinese consumable, the price index in US will rise 2 percentage points every year.

On the other hand, China purchases national debt in US to be beneficial to the US stable money market. The bilateral trade relations\’ complementarity has also provided the convenience for the American industrial upgrading.

In addition, has also provided the number of jobs to the investment of Chinese trade for the US. The US statistical data demonstrated that 2000 – during 2007 the American manufacturing industry reduces 3.384 million operating posts, but service industry increased 8.23 million operating posts same time, amounts to multi-creation employment post 4.846 million, the trade and with the trade related domain is the employment important channel.

■ US relaxes the export regulation to be helpful to the Sino-US balance of trade development

He Ning said that Sino-US trade potential is huge, the prospect is broad. In the mutually beneficial interaction equality\’s trade ties foundation, moves toward the recovery along with the American economy, the Chinese economy continues maintains the stable growth, the Sino-US trade will also enter a new rise period, both sides should try hard to seize this opportunity together, the tap potential, further expands both countries\’ common interest.

In what rather looks like, realizes the Sino-US balance of trade, should from expanding the US exports to obtain to China, but does not limit China to the export of US, “expands American high-tech to export in this aspect to have bright prospects to China.”He said.

Around 2003, China imported the high-tech product 18% came from the US, at present only then about 7%, if the US can further relax the export regulation in the technology trade, specially relaxes to the Chinese high-tech export regulation, the Sino-US trade will have a more balanced development.

“Is unceasingly thorough along with the Sino-US economic cooperation and trade and development, both countries has some problems and friction in the trade contact is normal.”He Ning believes that China, US “cooperation will benefit both sides, fights, then injuries suffered by both sides”, both sides should enhance the cooperation fully, calm, properly deals with the bilateral trade issue, must make every effort to avoid the trade issue politicization, guarantees the Sino-US trade relations steady progression the general situation.

(This article originates: People.com)