Is China's exports in GDP "unprecedented"? The professional level of the US Treasury Secretary has been criticized

 Xinhua News Agency, Beijing, April 7. US Treasury Secretary Scott Becent recently said in an interview with the well-known American news anchor Tucker Carlson that exports account for too high a share of China's economy. However, netizens quickly revealed that this remark is inconsistent with the facts, and the professional level of the US Treasury Secretary is questioned.

  Bescent was interviewed by the Tucker Carlson Show on the 4th of this month to defend the US government's tariff policy. In the program, Becente claimed that "China's business model and economy are the most unbalanced in modern history, and China's exports account for its GDP are unprecedented."

  US Treasury Secretary Scott Bescent was interviewed by Tucker Carlson, a well-known American news anchor.

  Is this really the case? After checking the data, the Internet big V named Nik and has more than 20,000 fans found that the proportion of exports in China's GDP has dropped from 36% in 2006 to about 19.7%, the proportion of the United States is 11%, Japan is 21.8%, the United Kingdom is 31.7%, Germany is 43.4%, South Korea is 44%, Vietnam is 87.2%, France is 34.3%, Spain is 38.1%, Italy is 33.7%, Turkey is 31.9%, Netherlands is 88.5%... The global average is 29.3%.

  Nik commented that China is no longer an export-oriented economy, but an economy with domestic consumption as its main driving force. "This is the U.S. Treasury Secretary, whose job is to understand the 10 basic indicators of America's biggest competitors. It's too dangerous to have people like this manage the economy."

  The reporter checked and found that the data of this big V on China's exports was slightly different from my official data, but considering factors such as statistical caliber and exchange rate, the data is still quite reliable.

  

  Before joining the Trump administration, Bescent was a hedge fund investor, served as chief investment officer of Soros Fund Management and taught at Yale University.

  According to US media reports, Becent advised Trump on economic policies in the 2024 US presidential election. He once said, “It’s an easy job to get into Donald Trump’s cabinet” and “no need to propose new policies” but “do what the president wants you to do.” (Reporter: Yu Maofeng)

[Editor in charge: Qiu Lifang]

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