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So far, changes in both China and the U.S. are in the same direction, that is balanced direction.
in the United States, the short-term economic situation for the better. Global funds are being re-to the U.S.. In the medium term, the United States gives the first impression is hard,
corporate downsizing, while improving the performance of the economy, unemployment is high, companies hire extreme caution in order to produce more with fewer staff output.
government's downsizing,insanity dvd, the performance of all levels of government desperately reduce budget deficits. At the federal level, the United States parties are aware of the need for reducing the budget deficit. U.S. federal deficit is currently 1.6 trillion U.S. dollars, accounting for 10.9% of GDP. 2012, plans to reduce the federal budget deficit of 1 trillion U.S. dollars, accounting for two thirds of the current budget deficit; plans to reduce the deficit in 2015 to 6,000 billion U.S. dollars,vibram five fingers, accounting for 3.2% of GDP. To this end, the United States will implement the 5-year spending freeze. In the state and local governments, the United States requires an annual budget of most local governments must be balanced, to achieve this goal, state and local governments compete to cut costs, laid off workers, causing protests.
example, the Wisconsin state government to reduce budget deficits, will be laid off within two years, 12,000 government employees, causing large-scale demonstrations, make headline news. New York City plans to the city 80,000 public school teachers, the reduction of 6166, including the dismissal of 4666, and to reform the retirement system.
in the U.S. political system,nhl hockey, the solution is relatively slow, less time ripe, the parties reached a consensus can not be resolved. It now appears that the deficit has reached a settlement is not the time. Dismissal of staff and reduce benefits substantially reduce the real income of the residents. According to the number of American workers and labor quality, compared to other countries such as China), their current actual income may be high. But the loss of revenue in the United States is almost impossible under the present system, can only reduce the growth rate of income (such as freezing wages), or reduce benefits (such as reform of the retirement, health insurance system).
the United States second trend is the increased attention to looking for new industries. Obama in the State of the Union, proposed a series of funded research and development in emerging areas. They include energy saving environmental protection, new infrastructure. It now appears that these industries is not enough to generate enough jobs to solve unemployment. To generate enough new industries to absorb labor force, high-end services must also play the role of the United States.
the United States to share the world (especially China) benefits of economic growth, it must make its own advantages for the global service industry of the world (including China) to provide services, including finance,mac makeup, education, management, services. Wall Street must be more and more Chinese enterprises to provide financial services, American universities have to absorb more Chinese students, managers need for the United States, more and more Chinese enterprises to provide management services. In this way, the United States could have found it possible to provide sufficient employment, there is sufficient value-added industries, and can find shelter in global industrial land.
in China, there have been some signs of adjustment. Current account surplus since 2007 has decreased substantially, relatively rapid growth of imports in January, the exchange rate has also continued to increase slightly. The guiding principle of foreign economic activity, seems to have started to change - to maintain the ideological balance of current account began to receive attention. With the rise in labor costs, China is re-positioning the face of industry, labor-intensive and need a point between the high-tech industries to find location.
both China and the U.S. the best result of these changes, the two countries in long-term (10-20 years) across the Pacific to form a complementary dual-core economies. Of course, because of race, institutional, cultural differences, U.S. and Chinese economic integration process must occur from friction, and even violent conflict. The best dual-core economy is only possible, but may be simply a scholar of fantasy.
(Editor: weiwei)
So far, changes in both China and the U.S. are in the same direction, that is balanced direction.
in the United States, the short-term economic situation for the better. Global funds are being re-to the U.S.. In the medium term, the United States gives the first impression is hard,
corporate downsizing, while improving the performance of the economy, unemployment is high, companies hire extreme caution in order to produce more with fewer staff output.
government's downsizing,insanity dvd, the performance of all levels of government desperately reduce budget deficits. At the federal level, the United States parties are aware of the need for reducing the budget deficit. U.S. federal deficit is currently 1.6 trillion U.S. dollars, accounting for 10.9% of GDP. 2012, plans to reduce the federal budget deficit of 1 trillion U.S. dollars, accounting for two thirds of the current budget deficit; plans to reduce the deficit in 2015 to 6,000 billion U.S. dollars,vibram five fingers, accounting for 3.2% of GDP. To this end, the United States will implement the 5-year spending freeze. In the state and local governments, the United States requires an annual budget of most local governments must be balanced, to achieve this goal, state and local governments compete to cut costs, laid off workers, causing protests.
example, the Wisconsin state government to reduce budget deficits, will be laid off within two years, 12,000 government employees, causing large-scale demonstrations, make headline news. New York City plans to the city 80,000 public school teachers, the reduction of 6166, including the dismissal of 4666, and to reform the retirement system.
in the U.S. political system,nhl hockey, the solution is relatively slow, less time ripe, the parties reached a consensus can not be resolved. It now appears that the deficit has reached a settlement is not the time. Dismissal of staff and reduce benefits substantially reduce the real income of the residents. According to the number of American workers and labor quality, compared to other countries such as China), their current actual income may be high. But the loss of revenue in the United States is almost impossible under the present system, can only reduce the growth rate of income (such as freezing wages), or reduce benefits (such as reform of the retirement, health insurance system).
the United States second trend is the increased attention to looking for new industries. Obama in the State of the Union, proposed a series of funded research and development in emerging areas. They include energy saving environmental protection, new infrastructure. It now appears that these industries is not enough to generate enough jobs to solve unemployment. To generate enough new industries to absorb labor force, high-end services must also play the role of the United States.
the United States to share the world (especially China) benefits of economic growth, it must make its own advantages for the global service industry of the world (including China) to provide services, including finance,mac makeup, education, management, services. Wall Street must be more and more Chinese enterprises to provide financial services, American universities have to absorb more Chinese students, managers need for the United States, more and more Chinese enterprises to provide management services. In this way, the United States could have found it possible to provide sufficient employment, there is sufficient value-added industries, and can find shelter in global industrial land.
in China, there have been some signs of adjustment. Current account surplus since 2007 has decreased substantially, relatively rapid growth of imports in January, the exchange rate has also continued to increase slightly. The guiding principle of foreign economic activity, seems to have started to change - to maintain the ideological balance of current account began to receive attention. With the rise in labor costs, China is re-positioning the face of industry, labor-intensive and need a point between the high-tech industries to find location.
both China and the U.S. the best result of these changes, the two countries in long-term (10-20 years) across the Pacific to form a complementary dual-core economies. Of course, because of race, institutional, cultural differences, U.S. and Chinese economic integration process must occur from friction, and even violent conflict. The best dual-core economy is only possible, but may be simply a scholar of fantasy.
(Editor: weiwei)
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