As we all know, the economy is the foundation of every country's development, and there can be no development without money. Therefore, if a country wants to develop rapidly, it must first develop its economic strength. Since the reform and opening up, China has been actively engaged in foreign trade cooperation. Until now, we have become the second largest economy in the world, second only to the United States. As the two largest economies in the world, the total volume of trade between China and the United States has been the highest in previous years. It is bound to create a win-win situation in Sino-US trade with the development of this trend, but now the United States is bound to break the good. With the increasing number of small actions by the United States, Sino-US trade has fallen precipitously. Although China has fallen to the fourth largest partner of the United States, China's position cannot be replaced.
Since the early years, the United States has proposed to "decouple" from the Chinese economy and let American customers no longer rely on Chinese manufacturing, but after so many years of polishing, the United States still has not achieved the above two points. So the question is, why does the United States have to break the beautiful cooperation between China and the United States? The reason is very real. As you all know, since China joined the WTO, the economic development rate has been increasing day by day, and the total economic volume created by China has been the second in the world, directly catching up with the United States, the first in the world. China's rapid development made the United States feel threatened, so it called on European countries to decouple from China's economy. Now it has set an example.
In order to influence the normal trade between China and the United States, the United States has continuously imposed tariffs on Chinese imports in an attempt to reduce the desire of American customers to buy Chinese goods, but the fact has not met expectations. According to the data, the total trade volume between China and the United States has been growing from 2022 to 2023, and even reached a record high in 2021, indicating that the United States' approach has little impact on Sino-US trade. We thought the United States was joking, but we didn't expect them to take it seriously this time. From the vagrant balloon incident to the various sanctions against Chinese enterprises, the actions of the United States have seriously affected Sino-US trade. From the new data released by the customs this year, we can see that the trade volume between China and the United States has only exceeded 700 billion, down 10% from the same period last year, which is a precipitous decline.
It is worth mentioning that China has dropped from the largest trading partner of the United States to the fourth place, after the European Union, Canada and Mexico. However, the United States has also dropped from the first place of China to the third place, with the top two being ASEAN and the European Union. So what worries us is, if the United States is really determined to decouple China, how should we deal with it? In fact, China can create a total GDP of 15 trillion US dollars per year, which can't be replaced by anyone. Even if the United States says it wants to decouple, the actual situation is not the way the United States expected. After all, as the world's first and second economies, the United States and China cannot completely decouple in trade.
Secondly, China has a large population base, a rich labor force, and a strong industrial and manufacturing industry. If the United States decides to leave China, it must be the United States itself that will suffer losses. Because leaving China's industrial and manufacturing industry, American products will definitely have the risk of insufficient production capacity. At that time, decoupling China will cause great consequences for the United States. You know, the world factory is still China, and any country can't leave the world factory. If you want to truly decouple from China, you must wait until Southeast Asian countries become the world factory, but it may be ten years later. Therefore, from any perspective, the decoupling plan of the United States is not very realistic.