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People's Daily Online>>Opinion

China, US have more common interests than differences in foreign trade (2)

By Zhou Xiaoyuan (People's Daily Overseas Edition)

15:55, February 29, 2012

The United States has repeatedly accused China of manipulating its currency and harming U.S. exports. Economist Bai Ming noted that the trade imbalance between the two countries is caused by the U.S. economic growth model, not by the so-called unfair trade practices in China.

Bai said that the two countries should calmly and properly handle trade friction to promote the healthy development of their economic and trade relations. Several keywords concerning the settlement of the trade disputes between the two countries include competition, cooperation, adjustment, and dialogue.

Long Guoqiang, director of the Research Department of Foreign Economic Relations under the Development Research Center of the State Council, noted that domestic companies should pay close attention to any changes in other countries’ trade policies, and try to avoid anti-dumping and countervailing duty investigations.

In addition, they should strengthen communication and cooperation, and avoid malicious competition, which will only benefit foreign companies. They should also learn to use the WTO rules to protect their interests once trade disputes occur.

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