2019年CRI US officials and experts positive on business cooperation opportunities with China

 

U.S. government officials and experts attending a US-China Governors Forum¹ are suggesting the two sides need to explore more business opportunities in various sectors².

The Fifth U.S.- China Governors Forum wrapped up on Friday with a panel discussion on business opportunities in e-commerce and the infrastructure⁴ sector³.

Alan Turley, Deputy Assistant Secretary for China with the U.S. Department of Commerce, says he's quite impressed with China's rapid development in e-commerce.

"China's e-commerce market will give us total e-commerce retail⁵ sales of a little less than two trillion dollars in 2019. It is not only a market of tremendous volume, it's a market of tremendous innovation and tremendous dynamism. You think about the infrastructure you have to put in place in terms of delivery vehicles, warehouses⁶, the IT infrastructure to handle that volume of sale all in one place, it's absolutely phenomenal and tremendous."

Turley says he believes there are opportunities for U.S. and China to work together on cross-border e-commerce.

"Cross-border e-commerce customers this year in China will be about 270 million people, and they will buy 144 billion dollars' worth of goods cross border this year. So there are tremendous opportunities for U.S. companies to access Chinese consumers through cross-border e-commerce."

Craig Allen, President of the US-China Business Council, notes China has become a leading force in e-commerce, suggesting a number of U.S. companies are now trying to follow Chinese companies' business models.

"One of the things that many Americans don't recognize is that China has become one of the most innovative⁷ countries on earth. For example, in the payments area, China has developed some very interesting and ground-breaking technology. In the e-commerce area and online/offline, China is probably leading the world. American companies are watching this carefully, looking at the business models. Chinese companies are moving into the U.S. and introducing some of those business models, and that's a very good thing. We are really marvel⁹ at the entrepreneurial dynamism coming out from places like Shenzhen, Hangzhou, Beijing or Shanghai. I think China is leading the world in many of those areas."

As part of the panel discussions, both Alan Turley and Craig Allen say they believe China and the U.S. can also work together to create new standards in the e-commerce sector, while also working together on IP protection and data sharing, as well as on broadening market access.

Dan Debono, Chief Infrastructure Funding Officer with the U.S. Department of Transportation, has told the Forum that the US side should be welcoming Chinese investment in the U.S. infrastructure sector.

"The roadmap to Chinese investment in U.S. infrastructure is likely to come in several ways, first, through continued capital investment in private equity¹⁰ vehicles, which invest in U.S. public-private partnerships¹¹. Second, through collaboration¹² with local or state governments on discreet¹³ projects, or through investment and securities that fund infrastructure projects. The federal government cannot do it all, we don't have enough manpower, that is where we can see partners with expertise¹⁴ stepping up. Only by leveraging¹⁵ fully⁸ the federal funding available through high participation¹⁶, with local state or private sources of capital, are we likely to make progress in filling the large infrastructure gap that we face today."

The three-day forum, co-hosted by the National Governors Association on the U.S. side and the Chinese People's Association for Friendship with Foreign Countries, has brought around 400 people from both sides, including government officials and industry leaders, to discuss local-level collaboration.

1 forum   

n.论坛，讨论会

参考例句：

• They're holding a forum on new ways of teaching history.他们正在举行历史教学讨论会。
• The organisation would provide a forum where problems could be discussed.这个组织将提供一个可以讨论问题的平台。

2 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》

3 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。

4 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。

5 retail   

v./n.零售；adv.以零售价格

参考例句：

• In this shop they retail tobacco and sweets.这家铺子零售香烟和糖果。
• These shoes retail at 10 yuan a pair.这些鞋子零卖10元一双。

6 warehouses   

仓库，货栈( warehouse的名词复数 )

参考例句：

• The whisky was taken to bonded warehouses at Port Dundee. 威士忌酒已送到邓迪港的保稅仓库。
• Row upon row of newly built warehouses line the waterfront. 江岸新建的仓库鳞次栉比。

7 innovative   

adj.革新的，新颖的，富有革新精神的

参考例句：

• Discover an innovative way of marketing.发现一个创新的营销方式。
• He was one of the most creative and innovative engineers of his generation.他是他那代人当中最富创造性与革新精神的工程师之一。

8 fully   

adv.完全地，全部地，彻底地；充分地

参考例句：

• The doctor asked me to breathe in,then to breathe out fully.医生让我先吸气，然后全部呼出。
• They soon became fully integrated into the local community.他们很快就完全融入了当地人的圈子。

9 marvel   

vi.(at)惊叹vt.感到惊异；n.令人惊异的事

参考例句：

• The robot is a marvel of modern engineering.机器人是现代工程技术的奇迹。
• The operation was a marvel of medical skill.这次手术是医术上的一个奇迹。

10 equity   

n.公正，公平，（无固定利息的）股票

参考例句：

• They shared the work of the house with equity.他们公平地分担家务。
• To capture his equity,Murphy must either sell or refinance.要获得资产净值，墨菲必须出售或者重新融资。

11 partnerships   

n.伙伴关系( partnership的名词复数 )；合伙人身份；合作关系

参考例句：

• Partnerships suffer another major disadvantage: decision-making is shared. 合伙企业的另一主要缺点是决定要由大家来作。 来自英汉非文学 - 政府文件
• It involved selling off limited partnerships. 它涉及到售出有限的合伙权。 来自辞典例句

12 collaboration   

n.合作，协作；勾结

参考例句：

• The two companies are working in close collaboration each other.这两家公司密切合作。
• He was shot for collaboration with the enemy.他因通敌而被枪毙了。

13 discreet   

adj.(言行)谨慎的；慎重的；有判断力的

参考例句：

• He is very discreet in giving his opinions.发表意见他十分慎重。
• It wasn't discreet of you to ring me up at the office.你打电话到我办公室真是太鲁莽了。

14 expertise   

n.专门知识(或技能等)，专长

参考例句：

• We were amazed at his expertise on the ski slopes.他斜坡滑雪的技能使我们赞叹不已。
• You really have the technical expertise in a new breakthrough.让你真正在专业技术上有一个全新的突破。

15 leveraging   

促使…改变( leverage的现在分词 )； [美国英语]杠杆式投机，（使）举债经营，（使）利用贷款进行投机

参考例句：

• De-leveraging is a painful process: it has barely begun. 去杠杆化是个痛苦的过程：它才刚刚开始。
• Archimedes said, saying: Give me a fulcrum, I can leveraging the Earth. 阿基米德说过一句话：给我一个支点，我可以撬动地球。

16 participation   

n.参与，参加，分享

参考例句：

• Some of the magic tricks called for audience participation.有些魔术要求有观众的参与。
• The scheme aims to encourage increased participation in sporting activities.这个方案旨在鼓励大众更多地参与体育活动。