Sauk prairie chamber of commerce

The United States would forgo $190 billion in its gross domestic product annually by 2025, or roughly 1 percent of its GDP at last year's level, if it were to fully decouple with China, a scenario that would force the US aviation industry alone to shed close to a quarter-million jobs, according to an analysis by the US Chamber of Commerce and Rhodium Group. The projections highlight the potential costs to the American economy at a time when the Biden administration is grappling with a pandemic-battered economy and weighing its policy agenda with China. "If the US and China were to fully decouple, American businesses and our economy would be significantly impacted, resulting in hundreds of billions in foregone GDP and capital gains losses while undermining US productivity and innovation," the US Chamber tweeted on Thursday about the report released Wednesday. The first-of-its-kind study, "Understanding US-China Decoupling: Macro Trends and Industry Impacts", seeks to better ... » Learn More about Analysis: Decoupling could trim 1% off US GDP

BEIJING - China on Friday called on the United States to expand economic and trade cooperation while properly handling disputes with China on the basis of mutual respect, equality and mutual benefit. "Decoupling with China means decoupling with opportunities, the future and the world," Foreign Ministry spokesperson Hua Chunying said when commenting on a US Chamber of Commerce report, which said US-China decoupling would result in losses for the United States worth hundreds of billions of dollars, crippling its major industries including aviation, semiconductors, chemicals and medical devices. Hua also made comments on US Treasury Secretary Janet Yellen's remarks that the United States will keep the tariffs imposed on China by the former administration in place for now. There have been voices of opposition within the United States against the trade war waged on China by the former administration, in the belief such practices cannot solve the country's own problems, but rather will ... » Learn More about China urges US to properly handle trade disputes for stable, sound ties

The Comprehensive Agreement on Investment, once inked by the European Union and China, will become an important milestone for the two major economies. To some extent, the CAI, on which the two sides wrapped up negotiations on Dec 30, can be considered more important than a trade agreement for the EU. We (at Deutsche Bank) believe the CAI will likely boost EU investment in China. For EU manufacturers, China's move to further widen market access and remove shareholding limits will likely help create new opportunities and build a level playing field for domestic and foreign investors. Perhaps the service sector can be expected to make even greater progress after the two sides sign the agreement. EU subsidiaries in China accounted for 11 percent of the total manufacturing sales, but only 3 percent of services sales of EU subsidiaries worldwide. By further opening up China's financial and information technology services－as well as promising sectors such as environment and health ... » Learn More about China-EU investment deal more vital than FTA