Sino-US trade surplus with the need to correct "interpretation"

Dapper Apple "IPOD" player, is the most popular personal electronic entertainment products. It consists of Apple commissioned Foxconn in China-generation factory assembled. Each player in the United States for $ 299 retail price, including United States domestic enterprises gain the added value of $ 163, China just got 4 dollars workers wages. However, exports to the United States each one player, the book on China's trade surplus with the United States increased $ 150.

University of California research and US trade imbalance is cited in a case, the image describes China's trade surplus with the United States is in a consciously or unconsciously ignore the facts. Washington think tanks Brookings fellow Bo Swartz is a reluctance to "ignore" a scholar. In his study of this issue to Apple "IPHONE" mobile phone production and sales processes, for example, analyze the composition of the value chain — the "IPHONE" profit rate as high as 60%, while its factories in China on behalf of the Assembly cost only about 7%, China profits be imagined and even less.

The fact is this: United States enterprises through investment in China manufacturing factories, delegates, etc., using the Chinese labour cost advantage, improve competitiveness and to harvest the profits from sales of products; whereas the vast majority of Chinese in this procedure, although the book has a huge surpluses, but actually only a small part of the profit gains.

From the surface, China's trade surplus with the United States is not small, United States Department of Commerce announced in November, September, China's trade surplus with the United States $ 278 billion. However, in the last decade, China's trade surplus came mainly from processing trade and foreign-funded enterprises, and the above two cases are indicated, including the United States enterprises, foreign-funded enterprises is precisely the main beneficiaries of Chinese exports.

In the US-China trade, China's trade surplus of processing trade, general trade was a deficit; trade in goods, trade in services is surplus is deficit. Statistics show that from 2004 to 2008, the United States to China in the services trade surplus grew 35.4%, well above the period in China's trade surplus of us goods.

This shows that economic globalization and the trend of large industrial transfer, United States of their respective comparative advantages, determines the Sino-US trade and economic structural characteristics. Even the Chinese in the field of trade in goods, the carrying amount of the surplus United States is also "the gains and losses reconciling". While some people associate it with the United States linked to the problem of unemployment is not justified, because the United States seeking Enterprise total labour costs at the lowest production, United States native labour price does not comply with the demand of profit of enterprises, not in China, is also produced in other countries.

Sino-US trade and economic cooperation, the parties to the United States the people also presents significant interests and benefits. Sino-US trade imbalance is in the context of globalization, consolidation in the international division of labor. Moreover, this bilateral economic and trade cooperation to both sides of the great advantage is the tributaries. To change this imbalance in the State, require joint efforts of both sides, but also from a global and multilateral approach to consider the balance of trade. In China continue to increase in imports from the United States, the United States should also be recognition of China's market economy status, relaxation of export controls to China to promote free trade.