Extensive economic ties root the relations between China and the
United States in mutual benefit, an editorial in The Straits
Times, an English daily in Singapore, said Monday.
The commentary said that the China-US relations exist on many
levels and business ties can exert moderating influence on
political relations that may not always be as warm as one might
wish.
"Being the powers they are, it's not unexpected the US and China
would diverge on how they view the world, and that they would seek
to influence friends, allies and neighbors in different ways," the
article said.
"Within the sound and fury of political debate, it is easy to
detect only problems. But if one stepped back and reviewed the
US-China relationship in broad context, there is clear evidence of
a partnership than can easily override the occasional stiffness in
the shoulder," it noted.
The editorial added that China's large volume of exports of
consumer goods to America is "a reflection of the proper operation
of comparative advantage", which makes the commerce world go
around, as China also buys complicated things like jet planes in
big volume from the United States.
"Indeed, China's appetite for sophisticated American products
shows how dubious is the claim that an undervalued renminbi upends
the trading field," the article said.
(Xinhua News Agency April 24, 2006)
