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在线翻译:
szdaily -> News -> 
BUFFETT SAYS WORLD DEPENDS ON US, CHINA FOR GROWTH
    2018-05-07  08:53    Shenzhen Daily

U.S. billionaire investor Warren Buffett said Saturday that the world depends on the United States and China for progress, dismissing concerns that the two countries’ trade tensions could potentially escalate into a trade war.


Buffett, chairman and CEO of Berkshire Hathaway, made the remarks in response to a Chinese investor’s question about U.S.-China trade relations at the Berkshire Hathaway’s annual shareholders meeting in Omaha, the U.S.


“The United States and China are going to be the two superpowers of the world, economically and in other ways, for a long, long, long time,” Buffett said.


“We have a lot of common interests, and like any two big economic entities, there are times when there’ll be tensions, but it is a win-win situation when the world trades,” the investor said. Both Democrats and Republicans in the United States believe in the benefits of free trade, he said.


The benefits of free trade are huge, and the world is dependent on it in a major way for its progress, Buffett said.


Speaking of the U.S. trade deficit, Buffett said he would not like the gap to get too wide, but “when you think about it, it’s really not the worst thing in the world to have someone send you the goods that you want and for you to send a piece of paper.”


The only problem is when one side may want to win a little bit too much, he said, adding the world will not sacrifice its prosperity based on differences that arise in trade.


Earlier last week, China and the United States reached agreements on some issues in their economic and trade consultations in Beijing, and agreed to set up a work mechanism to keep close communication.


Vice Premier Liu He held candid, efficient and constructive talks with the U.S. delegation from Thursday to Friday.


The two sides had a thorough exchange of views on issues including increasing U.S. exports to China, bilateral service trade, two-way investment, and protection of intellectual property rights, as well as resolving tariff and nontariff issues, reaching consensus in some areas.


Both sides recognized that given that considerable differences still exist on some issues, continued hard work is required for more progress.


At Berkshire Hathaway’s annual shareholders meeting, Buffett also implied that he is willing to invest more in China this year.


He is turning 88 this August, and eight, he said, is a very lucky number in China.


This could be the time to acquire something in China, Buffett said.


Berkshire Hathaway is looking to “find big things to do” in big and growing economies that hold potential, such as China, Buffett said in a video released at the U.S.-China Investor Forum one day before the shareholders meeting. In the video, he called China’s growth in the past 60 years or so “a total economic miracle.” “I never would have thought it could have happened,” Buffett said.


Berkshire Hathaway currently has a stake in Shenzhen’s carmaker BYD. Buffett said the investment “has being doing so well lately.”   (Xinhua)

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