Relations between Washington and Beijing are at their lowest point in decades amid disputes over trade, technology, human rights and China’s increasingly aggressive territorial claims involving self-ruled Taiwan and the South China Sea.
Jason Lee | Reuters
BEIJING—US PRESIDENTIAL CANDIDATE Donald Trump’His new running mate, Vance, took a tough stance on China in his first speech since being elected earlier this week.
“Together we will protect the wages of American workers and stop the Chinese Communist Party from building a middle class on the backs of American citizens,” Vance said on the third night of the Republican National Convention.
He also called for more factories to be opened in the United States and restrictions on foreign workers, but gave no specific actions.
Vance is a former Trump critic who rose to fame with his book “Hillbilly Elegy,” a first-hand account of Trump. The impact of manufacturing moving out of the United States on the U.S. economy. As a current Ohio senator, Vance introduced legislation in September Promote gasoline and hybrid vehicles Make in America and eliminate subsidies for electric vehicles.
The ruling Communist Party of China is increasingly focusing on the development of advanced manufacturing and has stated that one of its goals for 2035 is to “substantively develop advanced manufacturing.” Expand the middle-income group Proportion of total population.
China has a population of 1.4 billion, more than four times the population of the United States of 336.7 million. McKinsey forecast Next year, the number of middle- and high-income households in China will reach 200 million.
However, on a per capita basis, China is still much poorer than the United States.
China’s middle-income group Per capita disposable income is 32,195 yuan According to the National Bureau of Statistics, national income last year was US$4,436, slightly lower than the national level of US$39,218. The bureau divides all surveyed households equally into five segments, including upper-middle-income, middle-income, and lower-middle-income groups, to define each income category.
Disposable per capita Across the U.S., earnings were several times higher at $61,033 As of December, according to the U.S. Bureau of Economic Analysis.
when looking at U.S. middle class median income By 2022, that number will be $106,100, according to Pew Research.
But Pew said the share of Americans considered middle class will fall to 51% by 2023, down from 61% in 1971. The share of higher-income Americans increased slightly more than lower-income groups during that period, the study shows.
In his speech, Vance criticized Wall Street and “cheap foreign goods” from China. He also accused China responds to fentanyl crisis.
Since joining the World Trade Organization in 2001, China has played an ever-increasing role in the global supply chain. Many of the world’s largest companies rely on China’s lower-cost manufacturing hubs for supplies.
Trump has said he plans to Increase tariffs on Chinese goods to 60% If re-elected in the fall. He increased tariffs on Chinese products nearly six years ago as president, and the Biden administration has left them intact.
Vance told Fox News earlier this week that China was the “real problem” for the United States and the United States, not the war in Ukraine. poses the “biggest threat”.
Asked about Vance’s comments, Chinese Foreign Ministry spokesman Lin Jian told a daily news briefing on Tuesday, “We have always Oppose making China a problem in American elections.
—CNBC’s Lora Kolodny contributed to this reportt.
