2018年CRI China, U.S. should upgrade bilateral economic cooperation: scholars

 

Some Chinese scholars are suggesting that it's unlikely to see a trade war between China and the United States. 

But meanwhile, they are also calling on both sides to work towards improving bilateral¹ economic cooperation.

The remarks come amid growing trade protectionism in the United States, which has increased friction² in the economic relationship between the two countries.

At a monthly economic talk held by the China Center for International Economic Exchanges in Beijing, experts said there are a number of reasons driving the increase in trade protectionism in the U.S.

Those reasons include the country's trade deficits³, worries over China's growing influence, and growing economic nationalism and social polarization.

The scholars said that conflicts in some specific areas are inevitable⁴, but that both sides should try to seek common ground.

"China can seek a U.S. partner when investing abroad, especially when investing in countries along the Belt and Road or in Latin American nations, so that the risks could be more controllable," said Jin Canrong, deputy head of the School of International Studies at Renmin University of China.

The volume of bilateral trade between China and the U.S. reached more than 580 billion U.S. dollars over the last 40 years.

Lyu Xiang, a researcher on U.S. studies at the China's Academy of Social Sciences, said that both sides should work to advance their economic cooperation, especially in such sectors⁶ as energy and infrastructure⁷.

"Among the commercial documents, worth of 253.5 billion U.S. dollars, signed during U.S. President Donald Trump's visit to China, most of them are agreements of intent. The deals related to the energy sector⁵ are worth of 200 billion dollars, and include infrastructure construction in West Virginia and Alaska. In the future, I think China and the U.S. can consider more joint⁸ projects concerning energy or infrastructure, such as a port for exporting energy resources, which can be located at either Oregon or California, facing the Pacific Ocean," said Lyu.

Chen Wenling, a chief economist⁹ with the China Center for International Economic Exchanges, said both countries should also consider resuming negotiations¹⁰ on the Bilateral Investment Treaty, or even try to sign a free trade agreement.

"According to research from the Peterson Institute for International Economics, if China and the U.S. successfully sign a free trade agreement, 500 billion dollars will be added into their current bilateral trade volume. Secondly¹¹, the two countries should also continue talks concerning the Bilateral Investment Treaty. They have reached several consensuses¹² after 29 rounds of talks, and the final success is in sight," said Chen.

1 bilateral   

adj.双方的，两边的，两侧的

参考例句：

• They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
• There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。

2 friction   

n.摩擦，摩擦力

参考例句：

• When Joan returned to work,the friction between them increased.琼回来工作后，他们之间的摩擦加剧了。
• Friction acts on moving bodies and brings them to a stop.摩擦力作用于运动着的物体，并使其停止。

3 deficits   

n.不足额( deficit的名词复数 )；赤字；亏空；亏损

参考例句：

• The Ministry of Finance consistently overestimated its budget deficits. 财政部一贯高估预算赤字。 来自《简明英汉词典》
• Many of the world's farmers are also incurring economic deficits. 世界上许多农民还在遭受经济上的亏损。 来自辞典例句

4 inevitable   

adj.不可避免的，必然发生的

参考例句：

• Mary was wearing her inevitable large hat.玛丽戴着她总是戴的那顶大帽子。
• The defeat had inevitable consequences for British policy.战败对英国政策不可避免地产生了影响。

5 sector   

n.部门，部分；防御地段，防区；扇形

参考例句：

• The export sector will aid the economic recovery. 出口产业将促进经济复苏。
• The enemy have attacked the British sector.敌人已进攻英国防区。

6 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

7 infrastructure   

n.下部构造，下部组织，基础结构，基础设施

参考例句：

• We should step up the development of infrastructure for research.加强科学基础设施建设。
• We should strengthen cultural infrastructure and boost various types of popular culture.加强文化基础设施建设，发展各类群众文化。

8 joint   

adj.联合的，共同的；n.关节，接合处；v.连接，贴合

参考例句：

• I had a bad fall,which put my shoulder out of joint.我重重地摔了一跤，肩膀脫臼了。
• We wrote a letter in joint names.我们联名写了封信。

9 economist   

n.经济学家，经济专家，节俭的人

参考例句：

• He cast a professional economist's eyes on the problem.他以经济学行家的眼光审视这个问题。
• He's an economist who thinks he knows all the answers.他是个经济学家，自以为什么都懂。

10 negotiations   

协商( negotiation的名词复数 )； 谈判； 完成（难事）； 通过

参考例句：

• negotiations for a durable peace 为持久和平而进行的谈判
• Negotiations have failed to establish any middle ground. 谈判未能达成任何妥协。

11 secondly   

adv.第二，其次

参考例句：

• Secondly,use your own head and present your point of view.第二，动脑筋提出自己的见解。
• Secondly it is necessary to define the applied load.其次，需要确定所作用的载荷。

12 consensuses   

（意见等）一致( consensus的名词复数 )； 一致的意见； 共识(~(among sb)| ~(about sth)| ~(that))； 大多数人的意见

参考例句：