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
World
Home / World / China-US

Decouple and catastrophe awaits

By ZHAO HUANXIN in Washington | CHINA DAILY | Updated: 2021-08-19 07:04
Share
Share - WeChat
The sign of Asian Infrastructure Investment Bank (AIIB) is pictured at its headquarters in Beijing, July 27, 2020. [Photo/Agencies]

Captive audience

In the US, some in the middle class feel their incomes have stagnated, while incomes have been rising in developing countries. This perception has prompted these people to question the multilateral economy or a more globalized economy.

"It's easy on the prima facia evidence to find a captive audience in a middle class whose living standard has been stagnating. But on the other hand, you should understand the wealth of the developed countries, including the US, has been increasing in absolute terms," Jin told the Aspen Security Forum.

Rather than globalization being at fault, it is the lack of domestic policy adjustment and inadequate income redistribution that is responsible for the subsequent social problems, according to Jin.

"Not surprisingly, decoupling will erode the economic efficiency and make the matter worse," he said.

It's easier to see improvements in people's living standards in China than is the case with people in the US and other developed countries. "But it's wrong to believe that this is a zero-sum game: You are going up, we are going down," he said.

Low-income economies seem to be better off-and more conspicuously so-thanks to global trade and investment. That does not mean the higher-income partners do not stand to gain in this process, Jin said.

These higher-income economies usually get a disproportionately bigger market share from the lower-income economies, due to the greater demand for their high-end products as the incomes of people in low-income countries go up, he said.

Cheaper consumer goods from China have for decades sustained the high living standards of people in the US, and China can afford to import more high-end products from the US-from aircraft to beef-thanks to international trade.

On the other hand, the increased competitiveness of China and other Asian economies in many export goods belies the staying power of the competitive edge that the advanced economies enjoy in critical sectors.

Jin said the AIIB has been doing business with major financial institutions in the US and Europe, and has invited US businesses to participate in bidding for contracts.

"So what we've been aiming at is to bring countries together, bring people together and bring the companies together to see that we all have the benefits from this," he said.

"If there's decoupling, if people don't talk to each other, if there's a real severance, I think all the benefits accruing to the United States, to China, and to many other countries would be wiped out all together."

|<< Previous 1 2   
Most Viewed in 24 Hours
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
主站蜘蛛池模板: 一级毛片一级毛片一级毛片一级毛片 | 青青热在线观看视频精品 | 国产在线日韩在线 | 麻豆久久久久 | 日本高清动作片www网站免费 | 国产成人精品视频频 | 午夜影皖| 色综合99| 国产欧美一区二区精品忘忧草 | 色六月婷婷 | 欧美激烈精交gif动态图18p | 妞干网在线观看 | 日韩免费精品一级毛片 | 免费成人在线网站 | 国产毛片片精品天天看视频 | 亚洲国产精品久久网午夜 | 麻豆av电影在线观看 | 在线无码 | 看特级毛片 | 成人精品鲁一区一区二区 | 国产一区日韩精品 | 伊人亚洲精品 | 欧美精品一区二区三区蜜桃视频 | 日韩欧美色综合 | 欧美精品色 | 国产色司机在线视频免费观看 | 五月激情六月 | 国产精品久久久久影视青草 | av国产精品 | 欧美韩国日本一区 | 欧美精品一区二区在线电影 | 欧美日本一区视频免费 | 亚洲国产资源 | 锵锵锵锵锵锵锵锵锵好湿好大 | 亚洲9777精品毛A片久久久 | 国产99久久精品一区二区 | 91福利影院 | 日本青草视频 | 中国欧美日韩一区二区三区 | 尤物国产在线精品福利一区 | 精品久久久影院 |