US has reaped huge benefits from China's reform and opening-up
THE US ADMINISTRATION has claimed the trade agreement with China cannot be a 50-50 pact, because China has profited at the United States' expenses for too long, and China has been a free rider since it entered the World Trade Organization in 2001. Guangming Daily comments:
China's accession to the WTO was not a gift from the United States. And while it undoubtedly helped promote the country's economic growth, reform and opening-up have been the main driver.
It is fair to say that without China, US enterprises could not have developed in a fast and stable manner since 2001. The benefits the US secured in its trade with China far outweigh those China has gained, not to mention the environmental pollution that the US businesses have exported to China.