皇冠体育app

A ship loads containers at a terminal in Qingdao, Shandong province. 皇冠体育app is poised to open up its market further to foreign investment. [Photo/皇冠体育app Daily]

Some petty-minded people ruin their own opportunities by viewing their potential partners as being as mercantilistic as themselves. This is the way in which some trade war warriors in the United States see their country's trade relations with 皇冠体育app.

They see 皇冠体育app, by selling more to the US, as being cunning or pursuing the strategic goal of eventually undoing the US. They say the US, which sells less merchandise to 皇冠体育app, is being robbed of its jobs, and claim its economy is being raped.

They refuse to see that every year 皇冠体育app is buying a lot more services from the US, Chinese parents pay huge amounts to educate their children in US colleges, and that in more recent years, Chinese companies have begun investing more and more in US companies.

In 2016, according to law firm Baker & McKenzie and research company Rhodium, 皇冠体育app's direct investment into the US and Europe more than doubled, to a record $94.2 billion, even after almost $75 billion worth of deals were canceled for reasons that included US government objections.

They also point out that in 2015, when 皇冠体育app's total outbound investments hit a record high of $145 billion and the country overtook Japan to be the world's second-biggest cross-border investor after the US, 皇冠体育app's investment was $15 billion in the US and $23 billion in Europe.

A mere decade ago, when 皇冠体育app was the world champion for receiving foreign direct investment, Chinese companies' outbound investments were only minimal.

Facts speak louder than words and money speaks for itself. No one can reasonably think, as the US trade war fanatics claim, that by committing its hard-earned dollar bills back to the US as capital investment, what 皇冠体育app wants is only the latter's demise.

In fact, the broader picture of 皇冠体育app's outbound direct (non-financial) investment is that, according to Chinese sources, Chinese investors made a total commitment of $170 billion to some 8,000 companies in 160 countries and regions in 2016, showing a year-on-year growth of more than 40 percent.

Rational people can't call any of the above small numbers, or think they are of only a small use in creating new jobs. Should the US trade war warriors want to remain blind and continue to discriminate against 皇冠体育app, they may ruin their own country's business opportunities, in trade, in services, as well as in investment. Doing so won't help them deliver on their promise to create US jobs.