Cheap Import from China Helps the U.S. Economy

JI Zhu1 (季铸)

Editorial note:

Given their differences in economic structure, development level and growth path, China and the U.S. are strongly complementary and symbiotic, sharing common interests. China can expand export to the U.S. and boost growth and employment through the mechanism and path of export growth; the U.S. can translate import into economic growth momentum and boost growth and employment through the mechanism and path of import growth. Therefore, China and the U.S. should further strengthen cooperation, and achieve a mutually beneficial “win-win” solution in addition to harmonious development.

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