China Has Become The Third Largest Export Market For Footwear And Other Products In The United States.

According to the latest statistics from the US Department of Commerce, 1~9 exports to US $46 billion 840 million, an increase of 16.6% in the month of 1~9, which is higher than the US export average growth rate of 4.6 percentage points.

So far, China has replaced Japan as the third largest export market in the United States, second only to Canada and Mexico.

However, the arrival of this good news has dug up the dust of the October 29th anti dumping and countervailing investigation of low weight thermal paper against China.

It is a pity that the US's seventh "two counter" investigation should be applied again.

Its practice is not only "completely contrary to the relevant provisions of WTO", but also goes against the bilateral economic and trade development.

The fact that it has become the third largest export market in the United States has reported China's opening up market and its efforts to expand imports.

According to the figures released by the US China Trade Commission last June in the US export report to China, the US export to China has surged by 157% in 5 years.

As for Mexico and Canada, because they have signed free trade agreements with the United States, they can not be compared with China simply.

In an interview with our reporter, Zhao Yumin, director of the commodity room of the Ministry of Commerce, pointed out that facts show that Sino US economic and trade relations have further improved, and the two countries have strong complementary trade relations and great room for development.

It is the complementarity and mutual benefit of the trade product structure that has effectively promoted the development of bilateral economic and trade relations.

According to Zhao Yumin analysis, China is a developing country with low labor costs, but short of funds and relatively backward science and technology.

The United States is an economically developed country with sufficient capital and advanced technology, but the cost of labor is high.

China's exports to the US are still labor-intensive products such as textiles, clothing, shoes and toys, while the US's exports to China are mainly capital and technology intensive products such as aircraft, power equipment, machinery and equipment, communications equipment and chemical industry, as well as agricultural products such as grain and cotton.

This is also confirmed by statistics from China Customs statistics from 1~9 month.

During the period, the main commodities and amount that China imported from the United States were: $17 billion 525 million for electrical and mechanical equipment and related products, $5 billion 716 million for vehicles, ships, aviation and pport equipment, $5 billion 402 million for chemical industry and related products, $3 billion 918 million for plastics and products, 3 billion 557 million US dollars for optical medical equipment, 3 billion 194 million US dollars for base metals and products, $2 billion 383 million for paper products and pulp, 1 billion 911 million dollars for textile raw materials and products, 1 billion 270 million US dollars for mineral products.

Zhao Yumin insisted that "if we eliminate some man-made and bulwark factors, the development of bilateral economic and trade relations can achieve greater breakthroughs."

However, because the United States has been implementing strict high-tech export control to China, it is difficult for the us to compare its advantages in China, and the complementary advantages of the two products are hard to fully reflect. This is the most fundamental reason for the imbalance between China and the United States.

This view was also highlighted by Wang Chao, Assistant Minister of Commerce, in a media interview before this. He called this a key factor in the US deficit with China.

Another factor is that more and more foreign enterprises are investing in China, bringing their original location to China, and triggering the substitution effect of China's imports.

Although China has a surplus in the manufacturing industry of the second industry in the United States, it is deficit in the primary industry, especially in the service trade of agricultural products and third industries.

In the past 28 years since the establishment of diplomatic relations between China and the United States, economic and trade cooperation has developed rapidly. Bilateral trade volume has increased from 100 US dollars in 1979 to US $262 billion 700 million in 2006, an increase of more than 100 times.

By the end of 2006, the United States invested more than 50 thousand enterprises in China, and actually invested more than 54 billion US dollars. China has set up more than 1100 enterprises in the United States and invested about 3 billion US dollars in various ways.

The Sino US economy has formed a deep and interdependent relationship between interests and common interests. The economic and trade relations between the two countries are closely related to the overall economic development of both sides.

According to the study of the US China Trade Commission, by 2010, Sino US economic and trade cooperation will increase the GDP growth of the United States by 0.7%, reduce the price level by 0.8%, increase the disposable income of each family by 1000 dollars, and increase the productivity of the manufacturing industry by 0.3%.

It is for this reason that both sides should strive to safeguard the overall economic relationship between the two countries and try to avoid contradictions and frictions.

In the past two years, China has taken positive actions to balance trade and expand imports.

Experts point out that the United States should also take a more positive attitude towards its new third export markets and the efforts made by China behind this change.

In December, the eighteenth China US Joint Commission on commerce and trade and the third strategic economic dialogue between China and the United States will be held in Beijing.

We look forward to building a new Sino US economic and trade relationship through exchanges and consultations.