Latest News:  
Beijing   Overcast/Shower    29 / 21 ℃  City Forecast


U.S. protectionist policies toward China hurt own interests


15:31, August 18, 2012

WASHINGTON, Aug. 17 (Xinhua) -- U.S. protectionist trade policies toward China and legislative efforts to punish Beijing for alleged currency manipulation would only hurt Americans' own interests, a U.S. newspaper reported Friday.

Citing analysis by the U.S.-China Business Council (UCBC) on how individual Congressional districts gain from trade with China, the Wall Street Journal said in an editorial the "results show a striking dissonance between the anti-China rhetoric and business on Main Street."

It noted that, while Democratic and Republican politicians did not agree on much in this polarizing election year, they were united in attacking China on trade as they were "eager to claim on the stump that the scheming Asian giant is hurting U.S. living standards."

But their charges against China ran counter to the reality, with the UCBC analysis showing booming U.S. exports to China in the past decade had benefited the constituencies of most U.S. Congressmen, the article said.

Republican Congressmen such as Frank Wolf of Virginia, John Shimkus of Illinois and Joseph Pitts of Pennsylvania have signed onto the latest legislative effort to punish Beijing for alleged currency manipulation, but their districts' exports to China had increased by 536 percent, 686 percent and 640 percent respectively in the past decade, a much faster pace than U.S. exports to the rest of the world, the article said.

On the Democratic side, Jim McDermott of Washington, Nancy Pelosi of California and Louise Slaughter of New York had co-sponsored currency legislation against China despite their districts' booming exports to China.

【1】 【2】

More special coverages
More special coverages


Leave your comment0 comments

  1. Name


Selections for you

  1. APF detachment conducts drill

  2. Eyes on DPRK

  3. Motorola layoffs spark protest

  4. 140 puppets exhibited in Macao

  5. Cute baby bear

  6. Sexy bikini special forces

Most Popular


  1. Be wary of West powers' attempt on Syria
  2. History proves Diaoyu Islands are China's territory
  3. Nation’s strength backs Diaoyu progress
  4. China, Kyrgyzstan pledge closer cooperation
  5. Who are tomorrow's consumers?
  6. Syrian neighbors different as crisis deepens
  7. Arms sales add fuel to regional security dilemma
  8. China's firms bigger but not necessarily better
  9. Japan should avoid making rash moves amid anxiety
  10. Consumers lose out in price war

What's happening in China

Typhoon Kai-Tak brings storms, gales to coastal cities of S China

  1. Foreigners assist police in south China
  2. China's life expectancy to hit 77 by 2020: report
  3. Nuclear plant to boost safety amid typhoon threats
  4. Pandas being prepared ahead of move
  5. Pretty girls vie for becoming flight attendants

China Features

  1. Is China's low-cost era approaching its end?
  2. Chinese firms provided one-stop services in U.S.
  3. Don't store bread and biscuits together
  4. Eat ducks during Chushu (Stopping the heat)
  5. Special athletes at London 2012 Olympic Games

PD Online Data

  1. Spring Festival
  2. Chinese ethnic odyssey
  3. Yangge in Shaanxi
  4. Gaoqiao in Northern China
  5. The drum dance in Ansai