Thursday, February 27, 2020

Quora: Trump said the US built China. What did he mean by that?

Choi Julian, M.S. from Cornell University answered Feb 16 ·

China’s foreign spokes person Hua Chunying actually answered this very question posed by an American journalist in a news conference.

She replied as follows:

”Look around the world, which country in the world has the ability to use money to rebuild another China? It is ridiculous! The achievements of China's development did not fall from the sky, nor did it depend on the gifts of others or countries, but the entire Chinese people did it with their own hard work, sweat, wisdom and courage. "If anyone hasn't seen this clearly, I can only say that there is too little education."

Hua Chunying pointed out that since China has statistics on foreign investment in 1987, China has actually used more than US $ 2 trillion in foreign investment, of which the US has invested more than US $ 80 billion in China, accounting for only about 4% of China ’s foreign investment. That's it. But we all know how much the United States has gained from Sino-US cooperation.

Hua Chunying emphasized how many American families have significantly reduced the cost of living because of Chinese goods? American companies have made huge profits. 97% of U.S. companies surveyed said that doing business with China was profitable. According to a report by the US-China Business Council, US exports to China alone have supported more than 1.1 million US jobs. In 2017, with a global loss of RMB 11 billion, GM took nearly 13.4 billion yuan from its two joint ventures in China! Qualcomm's sales in China accounted for 58% of total operating income.


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