US-China trade, investment benefit US greatly, US report

Among the censures of US-China unbalanced trade, a US authoritative organization issued the latest research report, which gives a contrary conclusion. After China's entry into WTO, US-China trade and investment pushes the United States' economic growth by 0.7 per cent. This translates into an increase of up to 1,000 US dollars in real disposable income per US household per year.

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The report finds that despite that US-China unbalanced trade draws attention, from a long-term point of view, the United States will achieve pragmatic and sustainable benefits from its trade and investment with China. The increase in US trade with China will boost US GDP by up to 0.7 per cent and will reduce prices by up to 0.8 per cent by 2010. Together, this translates into an increase of up to 1,000 US dollars in real disposable income per US household per year by 2010.

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