Poor non-farm employment data, and again lowered the growth forecast and the recent financial market turmoil, and many other bad news, confirmed that the U.S. economy is sinking into a downturn.

As America's major trading partners, China's foreign trade will inevitably be some degree of involvement, which the Chinese Society of the United States and Europe in international trade He Weiwen, Director of the Centre in the China Economic Times reporter an interview that the United States to boost the economy limited way, this year the economy will be more difficult, which may cause China-US trade "positive collision," the probability of increased Sino-US trade will be more difficult to enter a period.

He suggested, as this should change, China's foreign trade enterprises to create more brand-name products, taking into account the more foreign direct investment, the production facilities overseas to put in the foreign trade policy, China should be equal justice, in accordance with international rules, open, fair and impartial foreign trade.

U.S. economic downturn for at least two years

China Economic Times: the poor performance of recent U.S. economic data, many institutions to reduce U.S. economic growth is expected in the next two to three years, the U.S. economy will show how the development trend?

He Weiwen: I guess the next two or three years the U.S. economic trend is the W-type, but this does not mean double-dip, W-type, but refers to the economic growth rate fluctuated. Although the U.S. economic recovery Meijin Er, and whether it is The Chicago purchasing managers index, or the consumer confidence index will not work, but there is no sufficient evidence that the U.S. economy will be negative growth, I estimate the first half of this year, U.S. economic growth is 1% -2%, almost throughout the year So, to keep barely positive growth. Overall, the economic downturn is certain.

China Economic Times: The U.S. economic downturn will last?

He Weiwen: We want to see positive growth in the U.S. have barely reasons: personal income and employment are slowly increasing, corporate profits and liquidity are also increasing. Positive growth with a certain objective conditions.

Is so low, for three reasons: First, the U.S. government policy mess, do not see clue, people have no confidence in the government. Companies afraid to invest money, consumers are reluctant to spend. Second, the U.S. real estate market is not good, rooms price downturn, consumers in a wait state. Third, the U.S. economy to it, depends on the real economy, especially in manufacturing. U.S. remodeling industry for two years, although some recovery of growth, but has not yet reached pre-recession levels, Manufacturing remains sluggish U.S. growth could not find a point of economic recovery, lack of stamina. In this case, coupled with huge fiscal deficits, the United States only rely on the current loose monetary policy, and not much room for monetary policy so , the U.S. Not much to boost the economy, which determines the two years of U.S. economic growth will slow, difficult.

"Positive collision" increased access to China-US trade and economic hard times

China Economic Times: The U.S. economic downturn, China's foreign trade will bring about what kind of impact?

He Weiwen: First, the U.S. market is not good, will certainly affect China's exports, followed by the U.S. economic downturn, the United States and China will lead to the contradiction between production for export increased dramatically. Certain U.S. organizations have recently conducted a survey, 94 percent of Americans think the U.S. manufacturing is very important that the probability of more than 22 percentage points last year while the U.S. National Manufacturers Alliance also made a national manufacturing strategy,U.S. President Barack Obama's national export strategy echoes that globalization affects the U.S. economy. The strategy to encourage Americans to buy American goods, and to a certain degree of government policy to revitalize the manufacturing sector. And specifically mentioned China the failure of U.S. manufacturing, employment, failure to resist China, to punish China, the Chinese imposed a 20 percent tariff to enter the election year later, the sound will be more intense.

In the future, the United States in the new energy, new industries will be very big on the conflict, the United States in the manufacturing sector on the "positive collision" would be more difficult for China-US trade will go into more time.

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