2017年CRI Report says complementary economies drive growing China-U.S. ties

 

The 6th CF40-PIIE Economists¹ Symposium²

A joint³ report from the China Finance 40 Forum⁴ (CF40) and Peterson Institute for International Economics (PIIE) said economic complementarity has led to win-win results in Sino-U.S. bilateral⁵ ties.

It says structural⁶ complementarity is the key behind the growing bilateral trade relations, as China has comparative advantages in labor-intensive industries and the United States has comparative advantages in capital-intensive industries and high-yield agriculture.

At the 6th CF40-PIIE Economists Symposium of officials and scholars in Beijing, PIIE President Adam Posen said: "As the U.S. largest import origin, China contributed 46 percent of U.S. total deficit⁷ in trade of goods in 2016... but China is in a state of economic rebalancing".

Meanwhile, Guan Tao, a senior fellow at the CF40, said the new U.S. government is concerned about the bilateral deficit, but a Sino-U.S. trade war would be a lose-lose scenario⁸.

The Beijing-based CF40 is a top non-government and nonprofit think tank dedicated⁹ to policy research on economics and finance. The Washington-based PIIE is a private, nonpartisan and nonprofit institution renowned¹⁰ for international economic policy research.

For more on this, our Bizz Host Zhao Yang talked with Liu Zhiqin, Senior Fellow at Chongyang Institute for Financial Studies, Renmin University of China; and Winston Wong, Managing Director of Shipston Group Limited.

1 economists   

n.经济学家，经济专家( economist的名词复数 )

参考例句：

• The sudden rise in share prices has confounded economists. 股价的突然上涨使经济学家大惑不解。
• Foreign bankers and economists cautiously welcomed the minister's initiative. 外国银行家和经济学家对部长的倡议反应谨慎。 来自《简明英汉词典》

2 symposium   

n.讨论会，专题报告会；专题论文集

参考例句：

• What have you learned from the symposium?你参加了这次科学讨论会有什么体会？
• The specialists and scholars present at the symposium come from all corners of the country.出席研讨会的专家学者们来自全国各地。

3 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。

4 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。

5 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。

6 structural   

adj.构造的，组织的，建筑（用）的

参考例句：

• The storm caused no structural damage.风暴没有造成建筑结构方面的破坏。
• The North American continent is made up of three great structural entities.北美大陆是由三个构造单元组成的。

7 deficit   

n.亏空，亏损；赤字，逆差

参考例句：

• The directors have reported a deficit of 2.5 million dollars.董事们报告赤字为250万美元。
• We have a great deficit this year.我们今年有很大亏损。

8 scenario   

n.剧本，脚本；概要

参考例句：

• But the birth scenario is not completely accurate.然而分娩脚本并非完全准确的。
• This is a totally different scenario.这是完全不同的剧本。

9 dedicated   

adj.一心一意的；献身的；热诚的

参考例句：

• He dedicated his life to the cause of education.他献身于教育事业。
• His whole energies are dedicated to improve the design.他的全部精力都放在改进这项设计上了。

10 renowned   

adj.著名的，有名望的，声誉鹊起的

参考例句：

• He is one of the world's renowned writers.他是世界上知名的作家之一。
• She is renowned for her advocacy of human rights.她以提倡人权而闻名。