(Xinhua Review) "Decoupling" is futile, and mutual benefit is the right way.

Xinhua News Agency, Beijing, July 4 th: "Decoupling" is futile, and mutual benefit is the right way.

Recently, American Foreign Policy magazine said that the "decoupling" between the United States and China in the field of trade has not happened, and it is unlikely to happen. The report quoted a number of American business people as saying that the current economic relationship between the United States and China is still deepening, and the unilateral "decoupling" from China may make the United States lose its industrial advantage.

At present, the problem of high inflation faced by the American people will undoubtedly be an important topic in the US mid-term elections in June 5438+065438+ 10. David Adelman, the former US ambassador to Singapore, said in an interview with the US Consumer News and Business Channel that the removal of tariffs imposed on China's goods exported to the United States during Trump's administration would help ease the inflationary pressure in the United States.

In the face of Sino-US economic and trade frictions, more and more people from all walks of life in the United States believe that this trade war and "decoupling" are economically futile.

Although the outbreak of the COVID-19 epidemic has hit the global economy hard, the trade volume between China and the United States has risen against the trend. According to data from the General Administration of Customs of China, the total value of bilateral trade in goods between China and the United States in 2020 was 4.06 trillion yuan, an increase of 8.8% year-on-year; In 20021year, the trade volume between China and the United States reached 4.88 trillion yuan, a year-on-year increase of 20.2%; In the first five months of this year, the trade volume between China and the United States was 2 trillion yuan, still maintaining double-digit growth.

In addition, the White Paper on American Enterprises in China in 2022 released by the American Chamber of Commerce in China in May this year shows that China is still the first choice market for American enterprises, and 83% of them have no plans to transfer their manufacturing or procurement out of China. Member companies believe that the "decoupling" of Chinese and American economies is not in line with the economic interests of both sides.