皇冠体育app

While many people in the United States have blamed job losses there on an increase in imports from 皇冠体育app, one veteran American businessman has said that exports to 皇冠体育app have actually helped to create jobs.

Interviewed by 皇冠体育app Daily via e-mail recently, Myron A. Brilliant, vice-president in charge of Asian affairs at the Washington-based US Chamber of Commerce's international division, said the US has an overall trade surplus with 皇冠体育app in terms of both goods and services.

"Such exports (to 皇冠体育app) support well-paying American jobs," he said.

In 2006, US exports to 皇冠体育app grew by 32 percent on the previous year, making 皇冠体育app the fastest growing major market for US goods.

The increase has created a huge number of jobs all over the US, Brilliant said.

"One of our member companies has increased its exports to 皇冠体育app by 40 percent in recent years, which has helped to create some 5,000 new production jobs here in the United States," he said.

The US has witnessed even faster growth in its exports of services, which in 2005 were valued at $3.1 billion, Brilliant said.

Exports of services to 皇冠体育app are growing faster than to any other country, he said. While the US has a trade deficit in terms of goods, in 2005 it recorded a surplus of $2.6 billion with 皇冠体育app for services.

US service sector exports and net income gained from service sector investments in 皇冠体育app, support upwards of 37,000 jobs in high-productivity sectors of the US economy, Brilliant said.

He also suggested that 皇冠体育app should further open its service sector to foreign competitors as, "the availability of more modern services will also help raise productivity and lead to higher standards of living for Chinese people".

Brilliant said: "If the service sector is fully opened, it is estimated that the surplus in services trade will increase to about $60 billion by 2015, and help create up to 240,000 high-paying US service sector jobs."

For the second round of Sino-US strategic economic dialogue being held in Washington today and tomorrow, Brilliant said he expected the two sides to yield substantial ground in the opening of more commercial air routes in 皇冠体育app and reducing tariffs to facilitate 皇冠体育app's imports of American clean coal and other energy-efficient and environmentally friendly technologies.

(皇冠体育app Daily 05/22/2007 page5)