WASHINGTON - The United States must learn more about China instead of criticizing the country for its exchange rate and trade policies if it wants to increase exports to the world's largest market, US economists have said.
The comments followed a new bout of China-bashing launched by US legislators at a US House of Representatives hearing on Wednesday.
US congressmen and industrial associations criticized China for its foreign exchange regime and trade-related policies, including indigenous innovation, government procurement, intellectual property rights (IPR), market access and the investment environment. They claimed that these disadvantaged US industries and caused job losses.
The hearing comes at a time when US unemployment rates remain high despite initial signs of economic recovery.
"The problem is, we are not good at exports and we don't pay enough attention," said Barry P. Bosworth, senior fellow of the economic studies program with the Brookings Institution.
