2 Trade State with firms Chinato offer smartphone-basedhelps 2.6m US jobs car rental service

Trade with China supports some 2.6 million jobs in Two the United Chinese States, State-owned including firms jobs joined that hands Chinese on firmFriday have to createdoffer directly smartphonebasedin the US, according car-rental to services,a reportin a releasedmove to on tap Tuesdayinto the by country’s the US-China booming Business transportationCouncil. market.And as the Chinese middle class Beijing grows Shouqi rapidly over Group, the a next major decade, car-rentallikely exceedingand taxi firmthe entirein China, US inked populationa strategic by 2026, partnershipUS companieswith Beijing will Municipalhave opportunitiesRoad & Bridgeto tap Groupinto a newCo Ltd, and a lucrativemajor construction customer base firm thatin China.can further boost Under employmentthe deal, and Beijing economic Shouqi can growth, access said the latter’s the report, more entitled than Understanding50 parking lots, theUS-Chinalocated under Tradethe city’s Relationship. second and third ring roads, to offerThe more report convenientshows carrental that nations services. trading closely with China Beijing outperformShouqi those launched with its less new-energy-car-rentalintegrated trade ties, app and GoFunthe trend in will 2015. continue.Unlike rival productsThe USCBC,that charge foundedby the in day, 1973, usersis a of private, GoFun nonpartisancan rent electric and cars nonprofitby the hour organizationand by mileage.of more than 200 US companiesThe new deal doing will businessallow userswith China.of GoFun to return cars Johnto the Frisbie, nearest president parking of lot. USCBC, GoFun said: currently “Much operates was in said four about cities, with the 1,100 negativenew energyeffect of vehicles trade for with rental China,in Beijing.with estimated job losses receiving considerable attention. But the positive effects of the commercial relationship with China were Wei largelyDong, CEO ignored,of GoFun,and thereforesaid the two there sides reallywill also hasn’t set an up assessmenta joint firm to of meetthe overall Beijing context consumers’ provided.” growing desire for According car-sharing to services,the report, but Chinahe declined purchasedto offer $165 morebillion informationin goods about and the services investment from the size. US in 2015, representing 7.3 percent of all US exports.

number of GoFun’s new energy vehicles for rental in Beijing

The move is part of Beijing Shouqi’s broad efforts to diversity its business as it faces Although mounting some competitionUS manufacturing from internetjobs have firms been such lost as becauseDidi Chuxing,of the China’strade deficit, largest US ride-hailingfirms firm.sell high-value products Zhang to Xu, China,an analystwhich supportat Beijing-basedjobs. internet consultancyBy 2030, US Analysy, exports saidto Chinaover 100 are Chinese expected firmsto rise hadto more marched than into $520 the billion. electric-carrental Michael sector Zielenziger,last year. “To managing ease traffic editorjams andof Oxford protect Economics, the environment, said local governmentsChina contributedhave placedmore a to limit global on growththe numberover theof cars past 15 allowedyears thanto travel the within eurozonebig cities.and Thethe US service combined.gives non-carAnd ownersChina accountedeasy access to for vehicles.” one-third Zhangof globalsaid. GDP growth in 2015.

estimated value of US exports to China by 2030

YANG SHIYAO / XINHUA A technician works on a key component of the Hualong One reactor in Qinhuangdao, Hebei province.