中美贸易关系外文翻译

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中美贸易英语作文

中美贸易英语作文

中美贸易英语作文English:The trade relationship between China and the United States is complex and significant. Both countries are major global players in terms of manufacturing, technology, and consumer markets. Overthe years, the two nations have engaged in extensive trade, with China supplying a wide range of goods to the US and the US exporting technology, agricultural products, and services to China. However, the trade relationship has also faced challenges, particularly in terms of intellectual property rights, market access,and trade imbalances. The two countries have engaged in negotiations and imposed tariffs on each other's goods, leading to tensions and disruptions in global trade.中文翻译:中美之间的贸易关系复杂而重要。

两国在制造业、技术和消费市场方面都是全球重要的参与者。

多年来,两国之间进行了广泛的贸易,中国向美国提供了各种商品,美国则向中国出口技术、农产品和服务。

然而,贸易关系也面临着挑战,特别是在知识产权、市场准入和贸易失衡方面。

中美贸易的英文作文

中美贸易的英文作文

中美贸易的英文作文The trade between China and the United States has been a hot topic in recent years. Many people believe that the trade imbalance is unfair and that the US is losing out. However, others argue that the trade relationship is mutually beneficial and helps to support economic growth in both countries.The United States has imposed tariffs on billions of dollars worth of Chinese goods, sparking a trade war between the two countries. This has led to increased tensions and uncertainty in the global economy, as well as impacting businesses and consumers in both countries.Some people argue that the trade war is necessary in order to address the unfair trade practices of China, such as intellectual property theft and forced technology transfer. They believe that the tariffs will force China to make concessions and level the playing field for American businesses.On the other hand, many people are concerned about the impact of the trade war on the global economy. They worry that it will lead to higher prices for consumers, job losses, and a slowdown in economic growth. Some also fear that the trade war could escalate into a full-blown economic and geopolitical conflict between the two countries.Despite the tensions and uncertainties, it is clearthat the trade relationship between China and the United States is complex and multifaceted. Both countries have a lot to gain from a strong trade partnership, but there are also legitimate concerns that need to be addressed in order to ensure a fair and mutually beneficial relationship.。

中美贸易争端常用英语词汇

中美贸易争端常用英语词汇

中美贸易争端Trade disputes between China and the United States1.最惠国待遇 MFN / most-favored-nation-treatment2. 触发贸易战 Spark a Trade War3. 国际贸易条约 International Trade Treaty4. 国际经济关系 International Economic Relations5. 国际货币体系 International Currency System / International Monetary System6. 自由兑换 Convertibility7. 贸易协定 Trade Agreement8. 反倾销 Anti-Dumping9. 离岸价 FOB / Free on Board10. 到岸价 DES / Delivered Ex Ship9. 关税及贸易总协定 GATT / General Agreement on Tariffs and Trade10. 国际贸易组织 ITO / International Trade Organization11. 世界贸易组织 WTO / World Trade Organization12. 国际货币基金组织 IMF / International Monetary Fund13. 世界银行 /国际复兴开发银行World Bank / International Bank for Reconstruction and Development14. 国际商会 ICC / International Chamber of Commerce15. 中国国际贸易促进委员会CCPIT / China Council for the Promotion of International Trade16. 进口许可证 Import License17. 出口许可证 Export License18. 多边贸易谈判 MTN / Multilateral Trade Negotiations19. 多边贸易体制 Multilateral Trade System20. 自由贸易区 Free Trade Area21. 贸易壁垒 Trade barriers22. 贸易保护主义 Trade Protectionism23. 非关税措施 NTMs / Non-tariff Measures24. 外汇管制 Foreign Exchange Control25. 国际结算 International Settlements26. 外汇交易 Foreign Exchange Transactions27. 反补贴 Countervailing28. 国际收支 International Balance of Payment29. 汇率 Exchange Rate30. 外汇市场 Foreign Exchange Market。

中美贸易英语作文

中美贸易英语作文

中美贸易英语作文The trade relationship between China and the United States is one of the most significant in the world. Both countries are major players in the global economy, andtheir trade ties have a significant impact on global trade and economic growth. In recent years, the traderelationship between the two countries has been a topic of much discussion and debate, with both sides imposingtariffs on each other's goods and engaging in negotiations to reach a new trade agreement.First and foremost, it is important to note that China and the United States are two of the largest economies in the world. Both countries have a significant impact on global trade and economic growth, and their trade relationship is crucial for the stability and prosperity of the global economy. As such, the trade relationship between China and the United States is of great importance to the global community.In recent years, the trade relationship between China and the United States has been marked by tensions and disagreements. Both countries have imposed tariffs on eachother's goods, leading to a trade war that has had a significant impact on global trade and economic growth. The trade war has also had a negative impact on businesses and consumers in both countries, as the cost of goods has increased due to the tariffs.Despite the tensions and disagreements, it is important to note that the trade relationship between China and the United States remains strong. Both countries continue to engage in trade and economic cooperation, and there are many areas of mutual benefit. For example, China is a major market for U.S. goods and services, and the United States is an important source of investment for China. Additionally, both countries have a strong interest in maintaining a stable and prosperous global economy, and they have a shared responsibility to work together to address global challenges such as climate change and economic inequality.Overall, the trade relationship between China and the United States is complex and multifaceted. While there are tensions and disagreements, there are also areas of mutual benefit and cooperation. It is important for both countriesto work together to address their differences and find common ground in order to promote a stable and prosperous global economy.中美贸易关系是世界上最重要的贸易关系之一。

中美贸易关英文作文

中美贸易关英文作文

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文档下载后可定制随意修改,请根据实际需要进行相应的调整和使用,谢谢!并且,本店铺为大家提供各种各样类型的实用资料,如教育随笔、日记赏析、句子摘抄、古诗大全、经典美文、话题作文、工作总结、词语解析、文案摘录、其他资料等等,如想了解不同资料格式和写法,敬请关注!Download tips: This document is carefully compiled by theeditor. I hope that after you download them,they can help yousolve practical problems. The document can be customized andmodified after downloading,please adjust and use it according toactual needs, thank you!In addition, our shop provides you with various types ofpractical materials,such as educational essays, diaryappreciation,sentence excerpts,ancient poems,classic articles,topic composition,work summary,word parsing,copyexcerpts,other materials and so on,want to know different data formats andwriting methods,please pay attention!The trade between China and the US is really important. It affects a lot of things.Sometimes there are disputes and challenges. It can be quite a headache.But also, there are opportunities for both sides to grow and benefit.Each side has its own interests and demands. It's not always easy to find a balance.There are many factors at play, like different economic structures and policies.Lots of negotiations and discussions are needed to work things out.It's a complex issue that requires careful handling.。

中美贸易 英文作文 范文

中美贸易 英文作文 范文

中美贸易英文作文范文The trade relationship between China and the United States has always been a topic of great interest and concern. It is a complex and multifaceted issue that involves various aspects such as economics, politics, and culture. In recent years, the trade tensions between the two countries have escalated, leading to a series oftariffs and retaliatory measures. This has had asignificant impact on both economies and has raised questions about the future of their trade relationship.China and the United States are two of the largest economies in the world, and their trade volume is substantial. Both countries have benefited from this trade relationship, as it has allowed them to access new markets, increase their exports, and create jobs. However, there have also been concerns about the trade imbalance between the two countries, with the United States importing more goods from China than it exports. This has led to accusations of unfair trade practices and intellectualproperty theft.The trade tensions between China and the United States have resulted in the imposition of tariffs on a wide range of products. This has affected industries such as manufacturing, agriculture, and technology, and has led to higher prices for consumers. Both countries have retaliated with their own tariffs, creating a cycle of escalation that has had a negative impact on global trade.The trade dispute between China and the United Statesis not just about economics, but also about politics and national security. There are concerns about China's growing influence and its alleged unfair trade practices, as well as its human rights record and its actions in the South China Sea. The United States has taken a tough stance on these issues, imposing sanctions and restrictions on Chinese companies and individuals.The future of the trade relationship between China and the United States is uncertain. Both countries have expressed a desire to reach a trade agreement and resolvetheir differences, but negotiations have been challenging and have not yet produced a comprehensive deal. The ongoing trade tensions have created uncertainty and volatility in the global economy, affecting businesses and investors around the world.In conclusion, the trade relationship between China and the United States is a complex and multifaceted issue that involves various aspects such as economics, politics, and culture. The trade tensions between the two countries have had a significant impact on both economies and have raised questions about the future of their trade relationship. The imposition of tariffs and retaliatory measures has affected industries and consumers, while concerns about unfair trade practices and national security have added to the complexity of the issue. The future of the trade relationship remains uncertain, and negotiations between the two countries continue.。

中美贸易逆差的英语

中美贸易逆差的英语

中美贸易逆差的英语The Persistent Trade Deficit Between China and the United StatesThe trade relationship between China and the United States has been a complex and often contentious one, with the persistent trade deficit between the two countries being a constant source of tension and debate. This imbalance in trade has been a topic of much discussion and analysis, with both countries seeking to understand the underlying causes and find ways to address the issue.One of the primary factors contributing to the trade deficit is the stark difference in the economic structures and development levels of the two countries. China, with its vast population and rapidly growing economy, has become a major manufacturing hub, producing a wide range of goods that are exported to the United States and other countries around the world. In contrast, the United States has a more service-oriented economy, with a significant portion of its GDP coming from the financial, technology, and healthcare sectors.This difference in economic structure has led to a situation where the United States imports a large volume of goods from China, whileexporting a relatively smaller amount of goods and services to the Asian giant. The resulting trade deficit has been a source of concern for policymakers in the United States, who argue that it has contributed to the loss of manufacturing jobs and the decline of certain industries.However, it is important to note that the trade deficit is not solely the result of unfair trade practices or currency manipulation, as some have claimed. Rather, it is a complex issue that is influenced by a variety of factors, including differences in comparative advantage, the global supply chain, and the relative strength of the two economies.For instance, China's comparative advantage in manufacturing and its ability to produce goods at lower costs has allowed it to capture a significant share of the global market, including the United States. This has led to a situation where American consumers have access to a wide range of affordable goods, which has benefited them in terms of increased purchasing power and improved standards of living.At the same time, the global supply chain has become increasingly integrated, with many American companies relying on Chinese suppliers and manufacturers to produce components and finished goods that are then sold in the United States and other markets. This interdependence has made it difficult to simply shift production backto the United States, as doing so would require significant investment in infrastructure, training, and other resources.Furthermore, the relative strength of the two economies has also played a role in the trade deficit. The United States has a large and affluent consumer market, which has made it an attractive destination for Chinese exports. Meanwhile, the Chinese economy has been growing at a rapid pace, with a burgeoning middle class that has increased demand for American goods and services.Despite these complexities, both the United States and China have taken steps to address the trade deficit. The United States has implemented a range of trade policies, including tariffs and other restrictions, in an effort to level the playing field and reduce the imbalance. China, on the other hand, has sought to increase its imports of American goods and services, as well as to encourage its citizens to consume more domestic products.However, these efforts have had limited success, and the trade deficit has persisted. This has led to increased tensions between the two countries, with both sides engaging in a protracted trade war that has had significant economic and political consequences.In conclusion, the persistent trade deficit between China and the United States is a complex and multifaceted issue that cannot beeasily resolved. While both countries have taken steps to address the imbalance, the underlying structural and economic factors that have contributed to the deficit remain in place. Ultimately, finding a sustainable solution to this issue will require a nuanced and collaborative approach, one that takes into account the interests and concerns of both countries and their citizens.。

中美经贸协议英文版

中美经贸协议英文版

中美经贸协议英文版The Sino-US Economic and Trade AgreementIntroduction:The Sino-US Economic and Trade Agreement is a bilateral agreement between China and the United States that aims to address various economic and trade issues between the two countries. It was signed on January 15, 2020, after months of negotiations and tensions arising from the ongoing trade war. Trade in Goods:Under the agreement, China has committed to significantly increase its imports of goods and services from the United States over the next two years. China has agreed to purchase an additional $200 billion worth of American goods and services, including manufactured goods, agricultural products, energy products, and services such as financial, healthcare, and tourism.Intellectual Property Rights Protection:One of the key concerns for the United States in its trade relations with China has been the protection of intellectual property rights. The agreement includes provisions that seek to enhance the protection and enforcement of intellectual property rights in China. This includes measures to combat counterfeiting and piracy, strengthen patent protection, and ensure fair technology transfer and licensing terms.Technology Transfer and Forced Technology Disclosure:The issue of forced technology transfer has been a major point of contention between China and the United States. The agreementaddresses this concern by prohibiting the forced transfer of technology by the Chinese government or any Chinese entity. It also includes provisions to prevent the unauthorized disclosure of trade secrets and confidential business information.Currency Manipulation:Accusations of currency manipulation have been another source of tension between the two countries. The agreement includes commitments from China to refrain from competitive devaluation of its currency, maintain transparency in its exchange rate policies, and refrain from using exchange rates for unfair competitive advantage.Financial Services and Market Access:The agreement also seeks to improve market access for US financial institutions in China. It includes commitments from China to remove certain barriers to foreign ownership of financial services companies, streamline the regulatory approval process, and enhance protections for intellectual property in the financial services sector.Dispute Resolution:To address any potential disputes arising from the agreement, a strong dispute resolution mechanism has been put in place. This includes a bilateral consultation process and the establishment of a dispute resolution panel to address any issues that cannot be resolved through consultations.Conclusion:The Sino-US Economic and Trade Agreement is a significant stepforward in addressing the economic and trade issues between China and the United States. It seeks to promote fair and reciprocal trade, protect intellectual property rights, address concerns about forced technology transfer, and enhance market access. While the agreement is considered a positive development, its long-term impact on the bilateral trade relationship between the two countries remains to be seen.。

中美贸易争端常用英语词汇

中美贸易争端常用英语词汇

中美贸易争端Trade disputes between China and the United States1.最惠国待遇 MFN / most-favored-nation-treatment2. 触发贸易战 Spark a Trade War3. 国际贸易条约 International Trade Treaty4. 国际经济关系 International Economic Relations5. 国际货币体系 International Currency System / International Monetary System6. 自由兑换 Convertibility7. 贸易协定 Trade Agreement8. 反倾销 Anti-Dumping9. 离岸价 FOB / Free on Board10. 到岸价 DES / Delivered Ex Ship9. 关税及贸易总协定 GATT / General Agreement on Tariffs and Trade10. 国际贸易组织 ITO / International Trade Organization11. 世界贸易组织 WTO / World Trade Organization12. 国际货币基金组织 IMF / International Monetary Fund13. 世界银行 /国际复兴开发银行World Bank / International Bank for Reconstruction and Development14. 国际商会 ICC / International Chamber of Commerce15. 中国国际贸易促进委员会CCPIT / China Council for the Promotion of International Trade16. 进口许可证 Import License17. 出口许可证 Export License18. 多边贸易谈判 MTN / Multilateral Trade Negotiations19. 多边贸易体制 Multilateral Trade System20. 自由贸易区 Free Trade Area21. 贸易壁垒 Trade barriers22. 贸易保护主义 Trade Protectionism23. 非关税措施 NTMs / Non-tariff Measures24. 外汇管制 Foreign Exchange Control25. 国际结算 International Settlements26. 外汇交易 Foreign Exchange Transactions27. 反补贴 Countervailing28. 国际收支 International Balance of Payment29. 汇率 Exchange Rate30. 外汇市场 Foreign Exchange Market。

中美贸易关系外文翻译

中美贸易关系外文翻译

浙江师范大学行知学院本科毕业设计(论文)外文翻译译文:中美主要贸易问题中美贸易问题中国的经济改革和经济快速增长,随着全球化的影响,已经引起美国和中国的经济越来越集成日益增长的中美经济关系,虽然大多数分析家认为是互惠互利的整体,紧张局势的上涨了已经超过了中国的经济和贸易政策,许多美国评论家声称保护主义,经济扭曲,和损害美国经济利益。

其中包括中国的抵抗力,采取以市场为基础的货币;混合记录实施其在世界贸易组织的义务,包括其未能提供充分保护美国知识产权(知识产权);和其产业政策,包括歧视性政府采购政策,促进和保护中国国内产业的使用。

有些议员认为,鉴于美国失业率高企,中国的“不公平”的经济和贸易政策再也不能被容忍,并敦促奥巴马政府更积极地利用贸易工具来挑战这样的政策,作为美国贸易救济法律和世贸组织的争端解决机制等。

一个其成员由商务部美国商会2011年在中国的调查显示美国公司的中国的机会和挑战。

据报道,78%的受访者表示,他们在2010年取得的利润在中国,85%的人表示他们将推动在2010年其中国业务的投资。

然而,35%的受访者表示,它已经变得更加困难,在近年来取得企业许可证和25%的人表示,中国自主创新的政策(下文讨论),损害了他们的业务。

中国的货币政策与大多数发达经济体(如美国)不同,中国不保持一个以市场为基础的浮动汇率。

1994年至2005年7月,中国盯住其货币人民币8.28元左右兑美元。

2005年7月,中国人民币升值2.1%,据一篮子主要外币(包括美元),移动到一个“有管理的浮动”。

为了保持与美元的汇率目标利率(和其他货币),中国政府一直保持着对资本交易的限制和控制,并取得了美元的大型采购(美元资产)。

据中国银行,从2005年7月至2009年7月的报告,美元兑人民币汇率从8.27上升到6.83元,每美元升值21.1%。

然而,一旦全球金融危机的影响变得明显,中国政府将停止对人民币升值。

从2009年7月至2010年6月,中国政府保持在相对稳定的6.83元汇率,以帮助限制在全球对中国产品的需求急剧下降的影响。

外文翻译--检验贸易平衡和汇率之间的关系:以中国与美国为例子

外文翻译--检验贸易平衡和汇率之间的关系:以中国与美国为例子

原文:Examining the relationship between trade balance and exchange rate: the case of China’s trade with the USAIn this paper, we investigate the nexus between China’s trade balance and the real exchange rate vis-a`-vis the USA. Using the bounds testing approach to cointegration, we find evidence that China’s trade balan ce and real exchange rate vis-a-vis the USA are cointegrated, and using the autoregressive distributed lag model we find that in both the short run and the long run a real devaluation of the Chinese RMB improves the trade balance; as a result, there is no evidence of a J-curve type adjustment.1、IntroductionThere is now a large literature that examines the nexus between trade balance and real exchange rate on developing countries (see, inter alia, Narayan and Narayan, 2004; Wilson and Tat, 2001; Lal and Lowinger, 2002; Kale, 2001; Singh, 2002). Recent empirical literature for developing countries finds a J-curve type adjustment of the trade balance due to shocks in the real exchange rate. For instance, Wilson and Pat (2001) do not find any evidence of the J-curve for Singapore. Lal and Lowinger (2002) find evidence of the J-curve for a group of East Asian countries; Kale (2001) finds evidence of the J-curve for Turkey; and Narayan and Narayan (2004) find evidence of the J-curve type adjustment of the trade balance for Fiji.1.We investigate the r elationship between China’s trade bala nce and its exchange rate vis-a-vis the USA dollar. Our approach is as follows: (1) to investigate evidence for contegration, we use the bounds testing approach; (2) to estimate the long-run and short-run elasticity, we use the autoregressive distributed lag model suggested by Pesaran and Shin (1999); and (3) to estimate the impact of shocks to exchange rate on the trade balance, we apply the impulse–response functions.The paper proceeds as follows. The next section presents the trade balance model to be estimated. This is followed by a brief description of the methodology used in this study. The penultimate section contains the empirical findings. In the last section, the results are discussed.Model and MethodologyModelOur model is as follows:Ln EMt =α+β1lnRERt + εtwhere ln EMt is the logarithm of the real exports to real imports ratio; ln RERt is the logarithm of the real exchange rate (RMB per US dollar), defined as the number of units of domestic currency per unit of foreign currency; α is a constant; and εt is a error term. According to the J-curve hypothesis, an increase in real exchange rate initially reduces the demand for the home country’s exports but increases its demand for imports. This initially leads to a deterioration of the trade balance due to the belief that imports in local currency increase more than the initial increase in exports after a change in price. However, as export and import volumes adjust to price changes over time, the trade balance improves. Hence, it is expecte d thatβ1>0.MethodologyTo implement the bounds testing procedure, it is essential to model Equation 2 as a conditional autoregressive distributed lag model (ARDL) as follows:Here, all the variables are as previously defined. The bounds test for examining evidence for a long-run relationship can be conducted using either the F-test or the t-test. We find that in the long run, a 1% increases in the real exchange rate leads to a 1.2% increase in the export to import ratio, implying an improvement of China’s trade balance relative to the USA. This result is statistically significant at the 1% level of significance. In the short run, we find that a 1% increase in the real exchange rate leads to a 0.5% increase in the trade balance. This result is also statistically significant at the 1% level. The error correction term ECt-1, which measures the speed of adjustment to restore equilibrium in the dynamic model, has a negative sign and is statistically significant at the 1% level ensuring that the series is non-explosive and that long-run equilibrium is attainable. The coefficient of -0.42 implies that a deviation from the long-run ME ratio during this period is corrected by about 42% in the next period – an indication that, following a shock, convergence to equilibrium is swift, taking slightly over two years.Impulse–response functionRecent studies (Lal and Lowinger, 2002; Narayan,2004) on the J-curve recommend that the best way of deriving evidence of the J-curve is by using the impulse–response functions. We find and plot the response of trade balance to one standard deviation shock to real exchange rate in Fig. 1, and the response of exchange rates to one standard deviation shock to the trade balance in Fig. 2.The impulse–response function reveals that a one standard deviation shock to the real exchange rate (or devaluation of the RMB) leads to a very volatile response of trade balance for the first three years. After three years, however, the impact of shocks to real exchange rate on the trade balance dies out. Moreover, there is no evidence of any J-curve type adjustment of the trade balance.ConclusionThis paper examines the nexus between China’s trade balance with the USA and the real exchange rate. The test for a long-run relationship between trade balance and real exchange rate is based on the bounds testing approach. while the short-run and long elasticities are estimated using the ARDL estimator. We gauge the response of trade balance to one standard deviation shock to the real exchange rate using the impulse–response function. Our findings are as follows: (1) we find that China’s trade balance and real exchange rate vis-a`-vis the USA is cointegrated; (2) the long-run and short-run elasticities on the real exchange rate are positive and statistically significant, implying that a devaluation of the real exchange rate improves China’s trade balance; and (3) the impulse–response analysis suggests that a one standard deviation shock to real exchange rate creates a lot of instability in China’s trade balance for the first three years but the impact of this shock dies out thereafter.An important distinction between the present study and the literature on developing countries is that while most studies on developing countries find a J-curve type adjustment of the trade balance to shocks in real exchange rate, China’s experience is different: a real devaluation improves the trade balance in both the short run and the long run, which may be part of the reason for China’s exceptional export performance.外文题目Examining the relationship between trade balance andexchange rate: the case of China’s trade with the USA出处:Applied Economics Letters作者:Paresh Kumar Narayan检验贸易平衡和汇率之间的关系:以中国与美国为例子摘要在本文中,我们探讨中国与美国之间贸易平衡和实际汇率的的关系。

The Trade Relations of Sino-America

The Trade Relations of Sino-America

OutlineAbstract ........................................................................................................ - 2 -1.Introduction ............................................................................................... - 3 -2.The influence of sino-American trade relations to both countries ............ - 4 - 2.1 The development of sino-American trade relations ............................... - 4 - 2.2 The influence on culture ......................................................................... - 5 -2.3 The influence on dailylife ...................................................................... - 5 -3 The new relationship ................................................................................. - 6 - 3.1The new relationship between China and American ............................... - 6 -3.2 How this new relations impact on Sino-American trade relationship ..- 11 -4.The frictions and adjust in sino-American trade relations ...................... - 12 - 4.1 Is the Chinese inflation impact on US inflation? ................................. - 12 -4.2Recalled Toys Event .............................................................................. - 15 -5.conclusion ................................................................................................ - 16 - Reference .................................................................................................... - 18 - Acknowledgement ......................................................................................... - 19 -The Trade Relations of Sino-AmericaAbstractSince 1990s, the economic and trade relations between China and the United States have been developing steadily and rapidly,in the year of 2007,USA has became Chinese largest trade partner.this thesis starts with innumerate details of daily lives to illustrate the importance of sino-American trade relationship,then enter on discuss the relationship between China and American and how this relationship influence on trade relations.At last,this thesis tick of 2 phenomenons to show the frictions and adjust in sino-American trade relations.Key words:influence, a year without Made in China, culture, dailylives, Sino-American new relationships,mixture of complementary and competitive objectives, inflation,recalled toys,frictions中美贸易关系摘要:从1990年以来,中美的经贸关系就一直在稳步快速的发展。

中美经贸关系专题词汇

中美经贸关系专题词汇

自1979年《中美贸易关系协定》签订以来,中美两国经贸合作发展迅速,两国已互成为对方的第二大贸易伙伴国。

中美分别是世界上最大的发展中国家和最大的发达国家,两国的经济发展水平、资源结构存在很大差异,互补性很强。

在平等互利基础上发展中美经贸关系有助于更好地发挥两国的比较优势,符合两国人民的根本利益。

下面我们就来学习一下与中美经贸关系有关的英文说法。

economic restructuring 经济转型/经济结构调整complementary economic relations 互补的经济关系as the second largest trade partner of the other 双方互为第二大贸易伙伴economic development mode 经济发展模式dumping 倾销anti-dumping 反倾销dumping abroad 海外倾销a dumping field 海外倾销市场export tax rebate/tax refund 出口退税export quotas 出口配额dependence of the Sino-American economy 中美经济关系的依存度export dependence 出口依存度ratio of dependence on foreign trade 外贸依存度high-tech exports 高科技产品出口exchange rate 汇率exchange rate policy 汇率政策rate fine-tuning 汇率“微调”exchange rate system 汇率机制a floating exchange rate system 浮动汇率机制pegging the RMB to the US dollar 人民币盯住美元rate hike 利率上调rate cut 利率下调forex reserve pool 外汇储备库cross-border settlement 人民币跨境结算appreciation of the RMB 人民币升值depreciation/devaluation of the RMB 人民币贬值exchange rate formation mechanism 汇率形成机制foreign exchange spot market 外汇现货市场hot money 热钱trade war 贸易战unfair competition 不正当竞争trade deficit 贸易逆差trade surplus 贸易顺差trade imbalances 贸易失衡market economy status 市场经济地位dollar value 美元价值global financial system 全球金融体系subprime crisis 次贷危机China-US Joint Commission on Commerce and Trade 中美商贸联合委员会quantitative easing 定量宽松inflationary pressure 通胀压力credit squeeze 信贷紧缩。

中美两国外交关系的相关词汇

中美两国外交关系的相关词汇

中美两国外交关系的相关词汇Sino-US ties/China-US relations 中美关系bilateral tie 双边关系state visit 国事访问bilateral cooperation 双边合作direct contact 直接接触joint statement 联合声明in the spirit of the joint statement 本着联合声明的精神China-US joint communique 中美联合公报top leaders 最高领导人national interests 国家利益core interests 核心利益frequent meetings 频繁会晤rapprochement 恢复邦交Ping Pong diplomacy 乒乓外交high-level cooperation 高层协作highly confidential visit 秘密访问zero-sum game 零和博弈mutual trust 相互信任common prosperity 共同繁荣peaceful coexistence 和平共处establish diplomatic ties 建立邦交high-level visit 高层访问strategic suspicions 战略猜疑maintain a low profile 保持低姿态common interests of the two countries 两国共同利益personality of the individual leaders 领导人的个人魅力"conflict-dominant" relationship “冲突主导”的关系start a new era in US-China relations 开创中美关系的新时代the normalization of US-China relations 中美关系正常化permanent consultative institutions 永久磋商机制constructive strategic partnership 建设性战略伙伴关系overall strategic partnership 全面战略伙伴关系Strategic and Economic Dialogue 战略经济对话the situation on the Korean Peninsula 朝鲜半岛局势resumption of Six-Party Talks 重启六方会谈China will never seek hegemony. 中国永远不会称霸。

中美贸易战英文相关表达

中美贸易战英文相关表达

中美贸易关系1.Trade war 贸易战2.Tariff关税3.Import/export tariff 进/出口关税4.Impose tariff 征收关税5.Tariff barriers 关税壁垒6.Trade surplus贸易顺差7.Trade deficit 贸易逆差8.Retaliate 回击;报复9.Countermeasure 对策10. Lose-lose situation 两败俱伤“谈,大门敞开;打,奉陪到底。

”“If the U.S. wants to talk, the door is open; if they want to fight, we’ll fight till the end.”1. United States President Donald Trump has signed an order calling for up to $60 billion in new tariffs on Chinese imports.美国总统特朗普签署了一项命令,要求对中国进口产品征收高达600亿美元的关税。

2. The action also calls for restrictions on the transfer of technology to China.该举措还要求限制向中国转让技术。

3. China’s trade surplus with the U. S. last year was about $375billion.去年,中国对美国的贸易顺差为3750亿美元。

4.贸易战没有赢家, 只会给中美两国和世界经济带来灾难。

中国不希望打贸易战,也不会主动发起贸易战,但是我们能够应对任何挑战,坚决捍卫国家和人民的利益。

There is no winner in a trade war, and it just brings a disaster to both China and U.S., as well as the world economy. China doesn’t want to attend a trade war or launch a trade war. However, we can cope with any challenge and insist on defending the interests of the nation and people.5. 政府决定提高关税壁垒以抵制外国货The government decided to raise tariff walls against foreign goods.6. 从今天开始,美国和中国之间的贸易关系紧张。

中美贸易战英文相关表达

中美贸易战英文相关表达

中美贸易关系1.Trade war 贸易战2.Tariff关税3.Import/export tariff 进/出口关税4.Impose tariff 征收关税5.Tariff barriers 关税壁垒6.Trade surplus贸易顺差7.Trade deficit 贸易逆差8.Retaliate 回击;报复9.Countermeasure 对策10. Lose-lose situation 两败俱伤“谈,大门敞开;打,奉陪到底。

”“If the U.S. wants to talk, the door is open; if they want to fight, we’ll fight till the end.”1. United States President Donald Trump has signed an order calling for up to $60 billion in new tariffs on Chinese imports.美国总统特朗普签署了一项命令,要求对中国进口产品征收高达600亿美元的关税。

2. The action also calls for restrictions on the transfer of technology to China.该举措还要求限制向中国转让技术。

3. China’s trade surplus with the U. S. last year was about $375billion.去年,中国对美国的贸易顺差为3750亿美元。

4.贸易战没有赢家, 只会给中美两国和世界经济带来灾难。

中国不希望打贸易战,也不会主动发起贸易战,但是我们能够应对任何挑战,坚决捍卫国家和人民的利益。

There is no winner in a trade war, and it just brings a disaster to both China and U.S., as well as the world economy. China doesn’t want to attend a trade war or launch a trade war. However, we can cope with any challenge and insist on defending the interests of the nation and people.5. 政府决定提高关税壁垒以抵制外国货The government decided to raise tariff walls against foreign goods.6. 从今天开始,美国和中国之间的贸易关系紧张。

中美贸易摩擦【外文翻译】

中美贸易摩擦【外文翻译】

外文翻译原文US AND CHINA TRADE FRICTIONMaterial Source: Author:PHAN CAM TUINTRODUCTIONThe history of trade passed by more than thousands of years (Dechent and Hewitt 2008, 12), the milestones were marked in 500 BC when ancient networks established between Greece cum its Eastern neighbors and from 206 BC to 220 AD when the “Silk Road” connected between China and markets concluding India, Afghanistan, Iran and Europe. Over years, trade has expanded towards the international scale and plays an important role in the world economy. Along with this trend, theories related to trade have been developed and more perfected. In this assignment, I will go into details of trade theories from classical to neoclassical and then implement them to explain the underlying current reach-to-peak trade friction between US and China.LITERATURE REVIEWAccording to the classification of Appleyard, Field and Cobb (2006), theories inherent in trade are divided into two main streams consisting of the classical and neoclassical or modern. With respect to the early theory of trade, there are conceptions of Mercantilists and three salient economists embracing David Hume, Adam Smith and David Ricardo. Re Mercantilism or political economy of state building, albeit it was derived from the years of 1500 to 1750, so far it still remains its original values and has been applied in various nations, notably China in this case. For this reason, I am sure I should discuss fully issues adhered to it.The key thinking of this school is that the acquisition of gold and precious metals is the origin of wealth and power of a country. Trade is regarded as a zero sum game or beggar-thy-neighbor, that is, the win of one side in trade is at theexpense of the loss of the other one. In other words, there are no play-fair game and mutual or reciprocal benefits among parties taking part in doing trade. One party has to lose its profit in return for the gain of the others. In addition, the Mercantilists stressed that export should be kept in excess of import, that is, a favorable balance of trade or positive trade balance. On the contrary, in the case that export is less than import, it is called as unfavorable balance of trade or negative trade balance. In this sense, export is supposed to bring the prosperity and economic wealth for people and the nation; by contrast, import would impoverish them (Ariffin 2007, 18). In the meanwhile, the Mercantilists stated that it is better once a nation could take advantage of or capitalize on its factors of production such as raw materials to self-suffice its domestic demands rather than waiting for the instable and volatile supplying sources from overseas countries. Whilst mentioning the Mercantilism, the roles and policies that governments have been playing and following also should be taken into account. Mainly, such of the governments control strictly the use and exchange of gold, silver and other precious metals and prominently, they prohibit export them. The Mercantilists referred this process as the bullionism. Moreover, they control over trading activities, keep laborer wages low and make use of their strong army. Until the early 18th century, the Mercantilism was challenged by technological development and market system expansion (Appleyard, Field and Cobb 2006, 18-21). The old tenets were on the verge to be replaced by the new doctrines of three famous economists including David Hume, Adam Smith and David Ricardo.TRADE FRICTION BETWEEN US AND CHINA In view of US, the trade policies of its government do not stand solely vis-à-vis the party holding power. That is to say, the ebb and flow of either Democratic Party or Republican Party, the interest or pressure groups who “can influence political outcomes in a variety of ways” (Appleya rd, Field and Cobb 2006, 347), as always, lobby for favorable trade policies to them and vice versa. To do that effectively, through a long presidential campaign, they sponsor enthusiastically a potentiallynew president. From an economic growth perspective, regardless of recent years of recessions, it is still in the peak of the world’s top economies in form of trading activities, in line with Japan (Reuters).Conferring China, it is one of the most shining emerging countries in Asia specifically and the world at large, hand-in-hand with India. It is in the middle of transformation stage from the “central planned economic model” to “the market-oriented” and more democratic economy (Harzing & Ruysseveldt 2003, 221:238). With 9.6 million square kilometers (EducationSeries: About China) and crowded population of one billion people (Xinhuanet, China to Keep Population Below 1.37b), China is likely a strong competitor in an intensive factor of production, notably labor. As a result, goods and services in terms of prices and quantity, which it is able to offer and supply in the world markets, is seemingly more competitive and attractive than other nations. This is the underlying or root reason provoking conflict in trade of US and China.The uncontrollable and formidable flows or waves of inexpensive or low prices, as compared to the domestic market prices –US market, China-origin products into US market and the shift of production off-shore, especially towards China, are the main causes of the duel of US cum China. Firstly, major imported goods with lower prices from China to US, as formal statistics, are foods, toys, paper, textile, steel and tires (Pact May Ease US-China Trade Friction 2005). In the meanwhile, from a position as the largest steel export country, US moves backward, gives way to China and even imports it from China. Most of US companies adhered to these sectors are unable to compete with the Chinese contestants to survive. They have two choices. Firstly, they have to close their business and find other fields to do business in the hope that China has not yet touched in. Secondly, they should search for other countries with lower factors of production costs (capital, labor, and land) to re-gain the comparative advantages. As a result, ironically they have chosen their competitor nation – China.Secondly, US government in the present time is worrying about the trade deficit of US (jumped by 24.5% to $201.6bn in 2005) in relation to China; thus, inthe 2008 president campaign, Clinton Hillary and Barack Obama as well emphasis on this critical issue as an effective strategy to draw attention to publics and interest groups (US To Blame For China Trade Friction 2005). Hillary stated that the US factories suddenly “shipped off” and have aimed to China to e njoy lower labor, land and manufacturing costs (USA Politics: More China-US Friction). This leads to a job creation in China and increased unemployment in the US, especially in foot-ware, apparel, textile and light manufacturing industries (Griswold 2006, 5-6).From an angle viewpoint of China, it is likely following the Mercantilism, namely export-led or outward oriented trade policies, and HO theorem. This means that it has encouraged export as a tool to boost its economic growth. Furthermore, it capitalizes on its abundant factor of production in terms of labor to produce and export that of goods, as HO theorem discussed. However, in order to support such policies, it has pegged their currency (Yuan/RMB) to $US (US and Europe Protest A Chinese News Regulation) and manipulated or kept it under market or real value as it should be, as an accusation of US (Fears Of Growing US trade Rift With China). According to US side, it should be appreciated at least 2.5 percent as compared to its present value (Yuan’s Ri se To End As Demand For Exports Slows, Straszheim Says). It is difficult for China to do what have been requested by US party indeed, because it will lose its comparative advantage and this will hurt its current trade policies. In retaliation, US has blame d for China’s intellectual property violation and dumping activities (Ikenson 2005, 5:29). Inasmuch as, US warns that it will raise tariffs to goods imported from China, although this absolutely breaks the WTO agreements among members of tariff reduction and elimination procedure (Ikenson 2005). Furthermore, US announces that it will sue China in WTO meeting for subsidy and dumping actions which cause damage to US’s car, steel and automobile industries (US-China Trade Friction Getting Hotter)In essence, it is worthy to take note that there are many ways for win-win US-China sum game. The recession and cooperation of both US and China are salient to find a trade consensus. The war fired from any party surely will hurt both sides as such. The US should be aware that it has benefits whilst trading with Chinapartner such as family life betterment with more variety of goods that US omits, higher production outcomes and investments in US treasury. In the same vein, China also gains from trade with US. The US market is sufficient and large enough for China product to invade and dominate. This ameliorates China economy and society in terms of economic growth and development, and high GDP and employment rate.译文中美贸易摩擦资料来源: 作者:PHAN CAM TU 根据Appleyard, Field and Cobb (2006),理论固有的贸易分类,分为两大主流的古典和新古典或现代理论。

中美贸易站英文作文

中美贸易站英文作文

中美贸易站英文作文The China-US trade relationship has always been a hot topic in the global economic arena. The two countries have been engaged in a complex and often contentious trade relationship for many years, with both sides benefiting and facing challenges. 。

The trade deficit between the two countries has been a major point of contention, with the US often accusing China of unfair trade practices and currency manipulation. On the other hand, China has argued that the US imposes unfair tariffs and trade barriers on Chinese goods, hindering the development of bilateral trade.The recent trade war between the two countries has further escalated tensions and led to significant disruptions in global supply chains. Both countries have imposed tariffs on billions of dollars worth of eachother's goods, leading to higher prices for consumers and businesses in both countries.Despite the challenges, the two countries have also cooperated in various areas such as technology, agriculture, and energy. Both countries have a strong interest in maintaining a stable and mutually beneficial trade relationship, and there have been efforts to negotiate a trade deal that addresses the concerns of both sides.Overall, the China-US trade relationship is complex and multifaceted, with both cooperation and conflict coexisting. The future of this relationship will depend on the abilityof both countries to find common ground and work towards a mutually beneficial trade agreement.。

贸易英语

贸易英语

Sino-American trade relation 中美贸易关系A: How many years have you done business with China?B: Let me see, about five years. We established our business relationship with Huamei of China Import & Export Corporation in 2003.A: Do you have any difficulties in doing business in China? You know the Chinese economic legislation is still incomplete?B: I don't think I have any problem with our Chinese partners. They've always followed the contract strictly. We can do business directly with the corporation. As I mentioned before, the Chinese government is trying very hard to perfect its law. Its commercial legislation provides legal protection for foreign companies.A: Well, it's known that the Sino-American relation is in a dilemma. Does it influence your business in China?B: Actually not at present. But we are afraid it will. You know policies influence business to some extent. I hope our government will not be influenced bysome extremists. China is really a large market. We don't want to lose it.A: Thank you.B: You're welcome.重点注释:1. establish 建立2. legislation 立法3. incomplete 不完整的4. commercial 商业的5. dilemma 进退两难6. extremist 极端分子7. “policies influence business to someextent”是“从某种程度上说政策影响贸易”的意思。

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浙江师范大学行知学院本科毕业设计(论文)外文翻译译文:中美主要贸易问题中美贸易问题中国的经济改革和经济快速增长,随着全球化的影响,已经引起美国和中国的经济越来越集成日益增长的中美经济关系,虽然大多数分析家认为是互惠互利的整体,紧张局势的上涨了已经超过了中国的经济和贸易政策,许多美国评论家声称保护主义,经济扭曲,和损害美国经济利益。

其中包括中国的抵抗力,采取以市场为基础的货币;混合记录实施其在世界贸易组织的义务,包括其未能提供充分保护美国知识产权(知识产权);和其产业政策,包括歧视性政府采购政策,促进和保护中国国内产业的使用。

有些议员认为,鉴于美国失业率高企,中国的“不公平”的经济和贸易政策再也不能被容忍,并敦促奥巴马政府更积极地利用贸易工具来挑战这样的政策,作为美国贸易救济法律和世贸组织的争端解决机制等。

一个其成员由商务部美国商会2011年在中国的调查显示美国公司的中国的机会和挑战。

据报道,78%的受访者表示,他们在2010年取得的利润在中国,85%的人表示他们将推动在2010年其中国业务的投资。

然而,35%的受访者表示,它已经变得更加困难,在近年来取得企业许可证和25%的人表示,中国自主创新的政策(下文讨论),损害了他们的业务。

中国的货币政策与大多数发达经济体(如美国)不同,中国不保持一个以市场为基础的浮动汇率。

1994年至2005年7月,中国盯住其货币人民币8.28元左右兑美元。

2005年7月,中国人民币升值2.1%,据一篮子主要外币(包括美元),移动到一个“有管理的浮动”。

为了保持与美元的汇率目标利率(和其他货币),中国政府一直保持着对资本交易的限制和控制,并取得了美元的大型采购(美元资产)。

据中国银行,从2005年7月至2009年7月的报告,美元兑人民币汇率从8.27上升到6.83元,每美元升值21.1%。

然而,一旦全球金融危机的影响变得明显,中国政府将停止对人民币升值。

从2009年7月至2010年6月,中国政府保持在相对稳定的6.83元汇率,以帮助限制在全球对中国产品的需求急剧下降的影响。

许多美国政策制定者,劳工团体,进口敏感行业的企业代表已落案起诉,尽管轻微的改革,中国政府继续操纵其货币,以保持其货币兑美元汇率人为偏低的价值(估计低估从15%至50%不等)。

他们声称,这项政策构成对中国出口到美国的行为,事实上是对中国进口美国商品的关税补贴。

他们抱怨说,这一政策,特别是伤害了一些美国制造业部门被迫对中国低成本产品的竞争,并导致成千上万的美国就业损失。

评论家进一步负责人认为,中国的货币政策一直是中国的规模与美国的贸易赤字增长的主要因素。

一些国会议员抗衡,鉴于目前在美国的高失业率,中国的“操纵汇率”将不再容忍。

中国在世界贸易组织的义务为了中国加入关税和贸易(关贸总协定)和它的后继组织,世贸组织总协定的谈判开始于1986年,超过了15年时间才能完成。

在世贸组织的谈判中,中国官员坚持认为,中国是一个发展中国家,应该相当宽松的条件下被允许进入。

美国坚持认为,只有当它大幅放宽其贸易体制,中国才能进入世界贸易组织。

最后,达成了一项妥协,要求中国立即广泛减少各种贸易和投资壁垒,同时允许它保持某些敏感领域的一些保护级别(或保护的过渡期)。

2001年11月10日,在卡塔尔多哈举行的世贸组织部长级会议上,中国被正式批准加入世贸组织。

美国知识产权的侵犯由于缺乏有效和一致的保护知识产权,中国已被美国公司作为他们在中国开展业务所面临的最重要的问题之一。

虽然中国已经在过去几年显着改善其知识产权保护制度,加强其知识产权的法律和对重大知识产权侵权进行定期集中宣传活动(例如空袭),但是美国产业仍然常常抱怨,在中国的盗版率仍然高得令人无法接受。

美国国际贸易委员会(USITC)估计,在2009年,美国的知识产权密集型公司开展在中国的业务损失为48.2亿美元,包括特许权使用费、许可费,这都是由于侵犯知识产权在中国。

国际知识产权联盟(IIPA)估计,在2009年,在中国的业务软件盗版的成本问题上,美国企业失去贸易额为3.4亿。

商业软件联盟(BSA)估计,在2009年中国非法使用软件的商业价值为76亿美元,比2008年增加了900万美元。

中国的知识产权制度说明批评者认为,即使中国政府执行知识产权法律,由此产生的罚款,癫痫发作,和其他处罚往往不显著足以作为打击盗版的有效吓阻。

美国海关和边境保护局的报告,中国占66%的机构在2010财政年度(基于国内增值)检获盗版商品,盗版对中国经济也有一些负面影响。

中国和美国贸易救济法当2001年中国进入世界贸易组织后,世贸组织同意允许美国继续把中国作为一个非市场经济的国家,作为十二年来美国的目的保障(根据第1974年美国法律编纂修订的贸易法案421条)。

这一规定使美国(和其他世贸组织成员)对中国产品施加限制(如配额和/或增加关税),当这些产品的进口大幅增加,会对美国国内生产者造成或威胁造成市场扰乱。

布什政府根据中国具体的保障对6个不同的场合选择不延长纾缓各行业,即使在美国国际贸易委员会建议的救济的四宗个案。

一些美国产业和劳工团体呼吁奥巴马政府利用中国的保障条款,尤其是在面对当前美国经济的衰退,因为中国的“不公平”贸易做法。

中美战略与经济对话2006年09月29日,美国总统布什和中国国家主席胡锦涛同意建立战略经济对话,以便在重大经济问题的讨论“官方最高级别”。

据美国财政部的新闻稿透露,战略经济对话的意图是“讨论,而不是长期的战略性挑战,寻求立即解决日常的问题”,为了提供一个更强大的基础,通过现有追求具体成果的双边经济对话。

第一次会议于2006年12月举行,随后举行了四轮会谈(上次是在2008年12月)。

2009年4月1日在伦敦举行讨论全球金融危机的G20峰会,奥巴马总统和中国国家主席胡锦涛同时出席,并同意继续高层次的会谈,重新命名它的中美战略与经济对话。

新的对话基于两个轨道,第一个轨道(“战略轨道),由美方的国务院秘书长带头,主要侧重于政治和战略问题;而第二轨道(“经济轨道”)是由美国财政部长为首的美方并侧重于金融和经济问题。

讨论的领域包括经济和贸易问题、反恐、执法、科学和技术、教育、文化、卫生、能源、环境(包括气候变化)、不扩散和人权等方面的问题。

原文:Major U.S.-China T rade IssuesChina-U.S. Trade IssuesChina’s economic reforms and rapid economic growth, along with the effects of globalization, have caused the economies of the United States and China to become increasingly integrated Although growing U.S.-China economic ties are considered by most analysts to be mutually beneficial overall, tensions have risen over a number of Chinese economic and trade policies that many U.S. critics charge are protectionist, economically distortive, and damaging to U.S. economic interests. These include China’s resistance to adopting a market-based currency; its mixed record on implementing its obligations in the World Trade Organization (WTO), including its failure to provide adequate protection of U.S. intellectual property rights (IPR); and its use of industrial policies, including discriminatory government procurement policies, to promote and protect various Chinese domestic industries. Some Members have argued that, given the high rate of U.S. unemployment, China’s “unfair” economic and trade policies can no longer be tolerated, and have urged the Obama Administration to more aggressively use the trade tools at its disposal to challenge such policies whenever possible, such as U.S. trade remedy laws and the WTO’s dispute resolution mechanism.A 2011 survey by the American Chamber of Commerce of its members in China illustrates China’s opportunities and challenges for U.S. firms. It reported that 78% of those s urveyed said that they made a profit in China in 2010, and 85% said they would boost investment in their Chinese operations in 2010. However, 35% of respondents stated that it has become more difficult to obtain businesses licenses in recent years and 25% said that China’s indigenous innovation policies (discussed below) were hurting their businesses.China’s Currency PolicyUnlike most advanced economies (such as the United States), China does not maintain a market based floating exchange rate. Between 1994 and July 2005, China pegged its currency, the renminbi (RMB) or yuan, to the U.S. dollar at about 8.28 yuan to the dollar. In July 2005, China appreciated the RMB to the dollar by 2.1% and moved to a “managed float,” based on a basket of major foreign currencies, including the U.S. dollar. In order to maintain a target rate of exchange with the dollar (and other currencies), the Chinese government has maintained restrictions and controls over capital transactions and has made large-scale purchases of U.S. dollars (and dollar assets). According to the Bank of China, from July 2005 to July 2009, the dollar-yuan exchange ratewent from 8.27 to 6.83 yuan per dollar, an appreciation of 21.1%. However, once the effects of the global financial crisis became apparent, the Chinese government halted its appreciation of the RMB and subsequently kept the yuan/dollar exchange rate relatively constant at 6.83 from July 2009 to June 2010 in order to help limit the impact of the sharp decline in global demand for Chinese products.Many U.S. policymakers, labor groups, and business representatives of import-sensitive industries have charged that, despite minor reforms, the Chinese government continues to manipulate its currency in order to keep the value of its currency artificially low against the dollar (with estimates of undervaluation ranging from 15% to 50%). They claim that this policy constitutes a de facto subsidy for Chinese exports to the United States, and acts as a de fac to tariff on Chinese imported U.S. goods. They complain that this policy has particularly hurt several U.S. manufacturing sectors that are forced to compete against low-cost Chinese products, and has led to the loss of hundreds of thousands of U.S. jobs. Critics further charge that Chin a’s currency policy has been a major factor in the size and growth of the U.S. trade deficit with China. Some Members of Congress contend that, given the current high rate of unemployment in the United States, Chinese “currency manipulation” can no longer be tolerated.China’s Obligations in the World Trade OrganizationNegotiations for China’s accession to the General Agreement on Tariffs and Trade (GA TT) and its successor organization, the WTO, began in 1986 and took over 15 years to complete. During the WTO negotiations, Chinese officials insisted that China was a developing country and should be allowed to enter under fairly lenient terms. The United States insisted that China could enter the WTO only if it substantially liberalized its trade regime. In the end, a compromise was reached that required China to make immediate and extensive reductions in various trade and investment barriers, while allowing it to maintain some level of protection (or a transitional period of protection) for certain sensitiv e sectors. China’s WTO membership was formally approved at the WTO Ministerial Conference in Doha, Qatar, on November 10, 2001. On November 11, 2001, China notified the WTO that it had formally ratified the WTO agreements, and on December 11, 2001, it formally joined the WTO.Violations of U.S. Intellectual Property RightsLack of effective and consistent protection in China of IPR has been cited by U.S. firms as one of the most significant problems they face in doing business in China. Although China has improved significantly its IPR protection regime over the past few years by beefing up its IPR laws and conducting periodic focused campaigns (such as raids) against major IPR infringers, U.S. industries complain that piracy rates in China remain unacceptably high. The U.S. International Trade Commission (USITC) estimates that U.S. intellectual property-intensive firms that conducted business in China lost $48.2 billion in sales, royalties, and license fees in 2009 because of IPR violations in China. The International Intellectual Property Alliance (IIPA) estimated that business software piracy in China alone cost U.S. firms $3.4 billion in lost trade in 2009. The Business Software Alliance (BSA) estimates the commercial value of illegally used software in China in 2009 was $7.6 billion, a $900 million increase over 2008 levels. Critics of China’s IPR regime note that, even when the Chinese government enforces its IPR laws, the resulting fines, seizures, and other punishments are often not significant enough to act as an effective deterrence against piracy. TheU.S. Customs and Border Protection reported that China accounted for 66% of pirated goods seized by the agency in FY2010 (based on domestic value). Piracy also has a number of negative effects on China’s economy.China and U.S. Trade Remedy LawsWhen China entered the WTO in 2001, it agreed to allow the United States to continue to treat it as a non-market economy for 12 years (codified in U.S. law under Sections 421of the 1974 Trade Act, as amended) for the purpose of U.S. safeguards.This provision enables the United States (and other WTO members) to impose restrictions (such as quotas and/or increased tariffs) on Chinese products when imports of those products have sharply increased and have caused, or threaten to cause, market disruption to U.S. domestic producers. The Bush Administration on six different occasions chose not to extend relief to various industries under the China-specific safeguard, even though in four cases the U.S. International Trade Commission (USITC) recommended relief. A number of U.S. industries and labor groups have called on the Obama Administration to utilize the China safeguard provision, especially in the face of the current U.S. recession and because of “unfair” Chinese trad e practices.The U.S.-China Strategic and Economic DialogueOn September 29, 2006, President George W. Bush and Chinese President Hu Jintao agreed to establish a Strategic Economic Dialogue (SED) in order to have discussions on major economic issues a t the “highest official level.” According to a U.S. Treasury Department press release, the intent of the SED was to “discuss long-term strategic challenges, rather than seeking immediate solutions to the issues of the day,” in order to provide a stronger f oundation for pursuing concrete results through existing bilateral economic dialogues. The first meeting was held in December 2006. Four subsequent rounds of talks were held (the last was in December 2008).While attending the G-20 summit in London on the global financial crisis on April 1, 2009, President Obama and Chinese President Hu agreed to continue the high-level forum, renaming it the U.S.-China Strategic and Economic Dialogue (S&ED). The new dialogue is based on two tracks. The first (the “Strategic Track”) is headed by the Secretary of State on the U.S. side and focuses on political and strategic issues, while the second track (the “Economic Track”) is headed by the U.S. Treasury Secretary on the U.S. side and focuses on financial and economic issues. Areas of discussion include economic and trade issues, counterterrorism, law enforcement, science and technology, education, culture, health, energy, the environment (including climate change), non-proliferation, and human rights.。

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