LINE

    Text:AAAPrint
    Politics

    Who drives China's success?

    1
    2018-10-14 17:01:55Xinhua Editor : Mo Hong'e ECNS App Download

    Only two months before U.S. Vice President Mike Pence's Oct. 4 speech about the administration's policy toward China, U.S. coffee giant Starbucks partnered up with e-commerce conglomerate Alibaba on coffee delivery to boost its business in China.

    Regrettably, the success story of Starbucks, which tells the truth of mutually beneficial cooperation between China and the United States, has faded away in the memory of some politicians in the Trump administration, which nowadays claims to be a ripped-off almsgiver.

    In his speech at a think tank in Washington, Pence repeated the U.S. administration's allegation that "we've rebuilt China." The vice president asserted that "America agreed to give Beijing open access to our economy, and we brought China into the World Trade Organization (WTO)."

    The speech was in tune with the cliche that China's success is owed to the so-called sacrifice of the U.S. interests. It has also demonstrated once again the Trump administration's self-centered "America First" thinking.

    What Pence avoided mentioning is that after its entry into the WTO, China opened its market to the United States at greater scopes and depths. According to UN statistics, U.S. exports to China increased 577 percent from 2001 to 2017, far higher than the 112 percent average growth rate of overall U.S. exports.

    Besides, U.S. enterprises have benefited tremendously from the Chinese market. For example, U.S. General Motors' production in China accounts for 40 percent of its global production, and Qualcomm's chip sales and patent license fees in the Chinese market account for 57 percent of its total revenue.

    Unfortunately, these irrefutable facts have been deliberately ignored by the U.S. vice president.

    Without doubt, China's success could not have been achieved without mutually beneficial cooperation with other countries across the globe, in which the United States has played an important role. However, that does not mean China's exports only go to the U.S. market or China's economic growth solely relies on U.S. investment.

    In fact, China's success depends on the hard work of the Chinese people, not the U.S. trade deficit, and on the socialist path with Chinese characteristics chosen by the Chinese people, not some delusional models preached by some American leaders.

    Since China started its epic reform and opening-up 40 years ago, over 700 million Chinese people have shaken off poverty. With an average annual GDP growth rate of over 9 percent from 1989 until 2018, China has become the world's second largest economy.

    The miracle is facilitated by China's steadfast commitment to opening its door to the whole world and learning from the useful experience and outstanding achievements of all other countries.

    So far, China has fostered trade partnerships with more than 230 countries and regions, and has become the largest trading partner of over 120 of them.

    Looking ahead, China's cooperation and connection with the outside world will surely deliver more benefits not only for China but also for the whole world.

      

    Related news

    MorePhoto

    Most popular in 24h

    MoreTop news

    MoreVideo

    News
    Politics
    Business
    Society
    Culture
    Military
    Sci-tech
    Entertainment
    Sports
    Odd
    Features
    Biz
    Economy
    Travel
    Travel News
    Travel Types
    Events
    Food
    Hotel
    Bar & Club
    Architecture
    Gallery
    Photo
    CNS Photo
    Video
    Video
    Learning Chinese
    Learn About China
    Social Chinese
    Business Chinese
    Buzz Words
    Bilingual
    Resources
    ECNS Wire
    Special Coverage
    Infographics
    Voices
    LINE
    Back to top Links | About Us | Jobs | Contact Us | Privacy Policy
    Copyright ?1999-2018 Chinanews.com. All rights reserved.
    Reproduction in whole or in part without permission is prohibited.
    主站蜘蛛池模板: 吉首市| 原阳县| 格尔木市| 南岸区| 临夏县| 宾川县| 年辖:市辖区| 奉化市| 库车县| 东阿县| 吉木乃县| 青河县| 南汇区| 莱西市| 上高县| 达孜县| 涿鹿县| 农安县| 友谊县| 通榆县| 太谷县| 北辰区| 四川省| 通江县| 昭平县| 巴中市| 上饶市| 宽城| 田林县| 阿拉善右旗| 莆田市| 上饶县| 陕西省| 郯城县| 石河子市| 荥阳市| 白河县| 保定市| 烟台市| 北碚区| 普格县|