Latest News:  
Beijing   Overcast/Light rain    13 / 7 ℃  City Forecast


U.S. economists anticipate less Sino-U.S. trade friction


10:22, November 29, 2012

BEIJING, Nov. 28 (Xinhua) -- Two American economists expressed their belief on Wednesday at the Caijing Annual Conference in Beijing that the Chinese and U.S. economies are set to coexist more effectively.

Austan Goolsbee, professor of economics at the University of Chicago's Booth School of Business, said in reference to the manufacturing sector that there is actually little area of overlap in what each economy does, as China is faring well in product exports and the United States is more oriented around manufacturing skills.

Goolsbee, chairman of President Barack Obama's Council of Economic Advisors in 2010 and 2011, also said in a media interview that he expected less trade conflicts between China and the United States over the next five years, although much friction had been seen in recent years.

Conflicts in currency, trade and investment will ease and the two economies will become more complementary in the same period, according to Goolsbee.

Randall Kroszner, also an economics professor at the Booth School of Business and a former member of the Federal Reserve Board, said that China and the United States may have different challenges in the short run, but in the long term they will have to handle the same problems, such as an aging population.

【1】 【2】

Recommended Features:
Vibrant Opportunities amid Transition From 'Made in China' to 'Created in China' A Journey to Cultural Renaissance
The Vision of A Pillar Industry China: A Fast-growing Force in IPR IPR in China: Local Roots Bearing Global Fruits
A Decade of Fastest Development Eastern Boom Lightens Western Gloom Chinese firms 'potential Trojan horses'?


Leave your comment0 comments

  1. Name


Selections for you

  1. Anti-aircraft artillery regiment in training

  2. Chinese navy fleet enters West Pacific

  3. Christmas is around the corner

  4. TCM preventive treatment of discease

  5. Death toll hits 11 in NE China capsizing

  6. Ice train to withstand extreme cold

  7. Sexy models pose for 2013 FC Barcelona Calendar

  8. Belgian Farmers Spray Milk At Police In Protest

Most Popular


  1. Will China run out of water by 2030?
  2. What’s behind pupils' bread and milk lunch?
  3. China's solar panel seeking revival at home
  4. Currency swaps to take on bigger role
  5. China's rise opportunity, rather than threat
  6. China's economy picking up steam
  7. Debt crisis handicaps EU foreign affairs
  8. US not a bystander of Israeli-Palestinian conflict
  9. What a successful woman needs ?
  10. Commentary: Experimental financial reforms

What’s happening in China

Detective-Conan-themed Lawson convenience store opens in Shanghai

  1. Billionaire quits political post
  2. Fired officials aided poachers
  3. Whistle-blower arrested for economic crimes
  4. Police chief helped drug dealers: cops
  5. Birth rule could be relaxed