US trade deficit with China is obvious, but the gap between the two sides is not as great as the US government exaggerated.
The consultation agent Oxford Economics pointed out that China's total trade deficit with the US in the proportion remained around one fifth, when removed the enormous differences between the two sides since the data being collected in 1995.
80-year-old former US Federal Reserve Board Chairman Alan Greenspan once said, “US unemployment problem could not be attributed to China. Comparing with the scale of changes in the US workplace, US policy of trade with China has minimal impact on US employment.”
Then it was pointed out that the US would only lose 500000 job opportunities from 2000 to 2010. The number is equivalent to only a weekly layoff.
To a greater extent, the saying of 'Snatch employment opportunities' was a statistics game being played by the US.
Fibre2fashion, News Desk - China
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