日韩精品久久一区二区三区_亚洲色图p_亚洲综合在线最大成人_国产中出在线观看_日韩免费_亚洲综合在线一区

Global EditionASIA 中文雙語Fran?ais
Business
Home / Business / Latest News

Joseph Stiglitz: China can weather trade tensions better than US

By LI XIANG | chinadaily.com.cn | Updated: 2018-03-24 13:38
Share
Share - WeChat
American economist Joseph Stiglitz speaks at the China Development Forum 2018 in Beijing, March 24, 2018. [Photo/Provided to China]

China is better positioned and has wider range of instruments than the United States to absorb economic disturbance if the trade tension between the two countries intensifies, American economist Joseph Stiglitz said on Saturday.

China has more ability to direct some parts of the economy (that might be hurt) as the country has increasingly shifted toward domestically driven demand and it can use government projects to increase demand in areas that might be suffering, Stiglitz said at the China Development Forum.

Stiglitz said that even if China changes its trade policies, it will not help resolve Washington's issue of the multilateral trade deficits as it is a consequence of the macroeconomy, and the US will have larger deficits with other countries.

The economist said that the US government is very constrained in what it can do as it has become very dependent on low-cost imports.

"For instance, if the tariffs imposed on Chinese textiles and apparel increase, the cost of living in the US will go up, the Federal Reserve by its mindset will increase interest rates which will slow the economy and create unemployment," he said.

Stiglitz said that China should respond in a moderate, tempered but firm and resolute way, and should work within the international law and under the framework of the World Trade Organization to resolve the trade tensions with the US.

Selling US debt would not be a rational option for China, Stiglitz said, as it will have a significant effect on the US dollar exchange rate and will drive down the value of the US treasury bond.

"China will not want to increase the value of the exchange rate and it would not want to undermine the value of the US treasury bond," he said.

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: 91看片片 | 国产精品高潮呻吟久久aⅴ码 | 欧区一欧区二欧区三史无前例 | 亚洲视频在线观看 | 国产大片免费天天看 | 午夜影院在线播放 | 天天做天天爱天天爽天天综合 | 三级视频全过程 | 免费视频一区二区 | 婷婷玖玖| 人人看人人插 | 欧美精品午夜论理电影 | 亚洲一区二区三区在线影院 | 亚洲国产欧美在线观看 | 蜜桃日本免费MV免费播放 | 欧美男女交配 | 全黄一级裸片视频免费 | 国产精品999在线观看 | 精品久久一区二区 | 国产四区| 91精品一区二区三区久久久久久 | 色花堂国产精品第一页 | 91av久久| 一级片视频网站 | 一级毛片大全 | 天天爱夜夜做 | 美女扣下面流白浆丝袜 | 一级毛片成人午夜 | 国产99精品 | 一级成人生活片免费看 | 免费一区二区三区 | 91精品欧美一区二区三区 | 国产精品爽爽va在线观看网站 | 91精品久久| 免费午夜理论不卡 | 欧美久久久久久久一区二区三区 | 欧美一线免费http | 亚洲123| 奇米影视4色 | 一区二区三区四区亚洲 | 成人性大片免费观看网站 |