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(单词翻译:双击或拖选)
Stiglitz said that the Trump1 administration has initiated2 a potential trade war against China partly to serve its own political purposes.
"His fixation with the bilateral3 trade deficit4 is really primitive5. He seems to say when we have a trade deficit with a country, he says that country is playing unfair. I'm actually convinced that Trump wants a little war for his political purposes. There has been a wing at the Republican Party, not all, but a wing of it, that has been skeptical6 of international engagement for some time, and Trump has sort of exploited that."
Stiglitz also warned that appeasing7 a minor8 few would be at the cost of the majority, saying that "helping9 Wall Street does not help the 'Rust10 Belt.'" He noted11 that trade disputes should be solved within a multilateral framework, like the World Trade Organization, and in accordance with international rule of law, instead of sticking to bilateral bargaining, where power matters.
"The WTO provides a framework for adjudicating disputes. If we the United States think they are violating WTO rules, you file a case. What is remarkable12 about the Trump administration is that they have not filed those cases. So you have to guess, is there or is there not a violation13? China is actually beginning to file cases against the United States. What the United States is doing in steel and aluminum14 is probably a violation of WTO laws."
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Stiglitz said that even though China is the world's second largest economy, the country is still classified by the World Bank as a developing economy. The U.S. must understand that China has its own right to develop.
"The United States has to buy into the notion that China has to have the right to develop. You mentioned their 2025 policy, that's based on a recognition that they are a developing country. It's a big developing country, but their per capita income is one fifth of the United States. So they want to develop. Obviously, any developing country has an aspiration15 of closing their per capita income gap, and that's going to require investments across the board, infrastructure16, and also education."
Stiglitz also urged the U.S. not to impose its own legal framework on China; but rather, the U.S. and China should try to expand areas for cooperation where there's room for consensus17.
Stiglitz was among a long list of panelists present at the China Institute 2018 Executive Summit, themed "U.S.-China Business in the New World Order." The event brought together hundreds of U.S. and Chinese CEOs, government leaders, business insiders and experts to examine challenges and opportunities amid the changing business relations between the U.S. and China.
1 trump | |
n.王牌,法宝;v.打出王牌,吹喇叭 | |
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2 initiated | |
n. 创始人 adj. 新加入的 vt. 开始,创始,启蒙,介绍加入 | |
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3 bilateral | |
adj.双方的,两边的,两侧的 | |
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4 deficit | |
n.亏空,亏损;赤字,逆差 | |
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5 primitive | |
adj.原始的;简单的;n.原(始)人,原始事物 | |
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6 skeptical | |
adj.怀疑的,多疑的 | |
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7 appeasing | |
安抚,抚慰( appease的现在分词 ); 绥靖(满足另一国的要求以避免战争) | |
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8 minor | |
adj.较小(少)的,较次要的;n.辅修学科;vi.辅修 | |
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9 helping | |
n.食物的一份&adj.帮助人的,辅助的 | |
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10 rust | |
n.锈;v.生锈;(脑子)衰退 | |
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11 noted | |
adj.著名的,知名的 | |
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12 remarkable | |
adj.显著的,异常的,非凡的,值得注意的 | |
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13 violation | |
n.违反(行为),违背(行为),侵犯 | |
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14 aluminum | |
n.(aluminium)铝 | |
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15 aspiration | |
n.志向,志趣抱负;渴望;(语)送气音;吸出 | |
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16 infrastructure | |
n.下部构造,下部组织,基础结构,基础设施 | |
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17 consensus | |
n.(意见等的)一致,一致同意,共识 | |
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