Trade deficit with China not related to US job decline: MOC

Xinhua | Updated: 2017-05-25 15:52

BEIJING - The United States' trade deficit with China is not directly related to the decline in US manufacturing jobs, according to a research report released by the Ministry of Commerce (MOC) Thursday.

"A number of studies have shown that the reduction in US manufacturing jobs is ascribed to technological progress and industrial upgrading, which is not directly related to the US trade deficit with China," stated the Research Report on China-US Economic and Trade Relations.

China has made great efforts to cut the trade surplus. Focusing on expanding domestic demand, the Chinese government has intensified its economic restructuring via increased public investment and enhanced private investment in many aspects, with the aim to constantly expand its domestic market, said the report.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349