The Ministry of Commerce will respond to Sino US trade war: fighting will hurt all will benefit

Sino US trade war ballast border

tengxunjunshi· 2017-01-19 13:23:34

data figure: Chinese naval fleet

[Global Times - global network reporter Ni Hao] in January 19th, the Ministry of Commerce spokesman Sun Jiwen at the press meeting between China and the United States will respond to the outbreak of war trade said: Sino US economic and trade relations often spread trade the protection of the noise, I want to emphasize that the Sino US economic and trade cooperation is beneficial, fighting will hurt all, which is decided by the integration of the interests of both the objective reality. Sun Jiwen said, "I believe that the two sides can properly handle the emergence of bilateral economic and trade relations through dialogue and cooperation, we are willing to a new government in the United States continue to promote the stable and healthy development of Sino US economic and trade relations, to bring benefits to the two peoples. "

Sun Jiwen believes that the establishment of diplomatic relations thirty years ago, bilateral trade from scratch, from small to large, has formed a blend of acommunity of interest pattern. Sino US trade volume has increased from $1979 to $516 billion 900 million in 2016, an increase of 211 times. The two-way investment in China and the United States is also rapidly increasing, as of the end of 2016, two-way investment between the two countries has accumulated more than 170 billion u.s.. Sun Jiwen stressed that Sino US economic and trade relations between the two countries is the ballast, mutual benefit and stable development is the common aspiration of the two peoples and two countries.

Sun Jiwen said: for example, a report by the National Committee on us China trade union Oxford released by the 2015 U.S. - China bilateral trade and investment to create about 2 million 600 thousand jobs for the United States, as the U.S. economic growth contributed $216 billion, equivalent to 1.2% of the U.S. gross domestic production. Chinese exports to the United States lowered the price level in the United States by 1%-1.5%. In 2015, the average household income was $56 thousand and 500 in the United States, and the U.S. - China Economic and trade relationship has saved $850 in such households.

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