亿电竞

Bulk Trade
US economic bullying seriously trample on multilateral trade rules
Time: 2019/5/30 9:09:03

Gao Yan, President of China亿电竞平台 Council for trade promotion, asked reporters about the亿电竞 impact of the亿电竞 US on the亿电竞 new tariff increase.

Source: People's daily Author: 2019-05-27 09:14:34

Recently, the亿电竞 United States launched a 25% tariff on about 200 billion US dollars in Chinese exports to the亿电竞 United States, and also used state power to suppress Chinese enterprises without any reason. How to view the亿电竞 US side's escalating Sino US trade frictions? What will this impact on China亿电竞平台 and the亿电竞 United States and the亿电竞 world economy? Has the亿电竞 Sino US economic and trade frictions for more than a year caused a great impact on Chinese enterprises and markets? Gao Yan, President of CCPIT recently accepted an interview with reporters.

1 US economic bullying seriously trample on multilateral trade rules.

Reporter: Recently, the亿电竞 US side has been constantly upgrading trade frictions, not only stepping up efforts to levy tariffs on China亿电竞平台's US goods, but also using state power to suppress Chinese enterprises without any reason. What do you think of this?

Gao Yan: the亿电竞 US's economic bullying and extreme pressure practices have seriously hampered Sino US economic and trade consultations, seriously trampled on multilateral trade rules, seriously threatened the亿电竞 supply chain safety of the亿电竞 global industrial chain, ran counter to the亿电竞 principles of market competition, ran counter to basic business ethics, and ran counter to the亿电竞 trend of economic globalization.

It should be pointed out that an excuse for US tariffs is the亿电竞 Sino US trade imbalance. The亿电竞平台 research shows that the亿电竞 current US statistical methods are one-sided, ignoring the亿电竞 impact of trade in services and cross-border investments on trade. The亿电竞平台 so-called Sino US trade imbalance is a "false proposition". Based on the亿电竞 "ownership based trade surplus" method, the亿电竞 trade surplus between China亿电竞平台 and the亿电竞 United States decreased from 2009 to 2017, according to the亿电竞 statistics of the亿电竞 two countries' subsidiaries in each othe亿电竞r's countries. In 2017, it was only about 45000000000 US dollars. If the亿电竞 statistics were relaxed to all enterprises invested by the亿电竞 two countries in each othe亿电竞r's country, the亿电竞re was a favorable balance of trade between China亿电竞平台 and China亿电竞平台 from 2009 to 2017, and the亿电竞 surplus expanded from US $about 14000000000 to US $about 160000000000.

The亿电竞平台 economic and trade frictions between different countries are not present now. The亿电竞平台re are, the亿电竞re are, and the亿电竞re will be. Economic and trade frictions exist objectively. The亿电竞平台 key lies in the亿电竞 way we deal with the亿电竞m. We can not magnify things at every turn, politicize economic problems or even try to put pressure on othe亿电竞rs.

We hope that the亿电竞 US side will go along with the亿电竞 Chinese side instead of backsliding, hoping that the亿电竞 United States will listen to its own voice instead of being conceited, hoping that the亿电竞 US side will abide by the亿电竞 promise rathe亿电竞r than go back on its own, hoping that the亿电竞 US side will return to the亿电竞 right path rathe亿电竞r than go astray.

2, the亿电竞 US side constantly escalating trade friction will bring about the亿电竞 Sino US and world economy.

Reporter: how do you evaluate the亿电竞 tariffs imposed by us and Canada, and constantly upgrade the亿电竞 impact of Sino US economic and trade frictions on China亿电竞平台 and the亿电竞 United States and even the亿电竞 world economy?

Gao Yan: China亿电竞平台 and the亿电竞 United States play a decisive role in the亿电竞 development of the亿电竞 world economy. The亿电竞平台y are located in different positions of the亿电竞 global industrial chain and value chain. After so many years of development, Sino US economic and trade cooperation is interdependent and inseparable. The亿电竞平台 two industries have formed a community of interests between you and me, and you can say that "one is prosperous and the亿电竞 othe亿电竞r is prosperous." After the亿电竞 United States unreasonably suppressed HUAWEI, the亿电竞 US semiconductor company's share price plummeted is indisputable.

The亿电竞平台re are no winners in the亿电竞 trade war. The亿电竞平台 US side's practices of hurting people and being selfish will not only bring about the亿电竞 impact on Chinese enterprises, but also will bear fruit, which will have an impact on American enterprises and American consumers, and will also bring disaster to the亿电竞 world economy. Recently, HUAWEI has just announced the亿电竞 closure of the亿电竞 factory in the亿电竞 United States, the亿电竞re are local protests. Agencies such as the亿电竞 US China亿电竞平台 Trade Commission and the亿电竞 National Federation of retailers have objected to the亿电竞 escalation of tariffs on China亿电竞平台. The亿电竞平台 latest world economic outlook released by the亿电竞 OECD believes that the亿电竞 intensification of Sino US trade disputes may lead to a global GDP loss of 0.7% from 2021 to 2022, which is nearly $600 billion.

I always believe that cooperation is the亿电竞 best choice and the亿电竞 only right choice to solve the亿电竞 problem. Only by earnestly following the亿电竞 principles and directions already established by both sides, with mutual respect, rational and pragmatic attitude, strengthe亿电竞ning communication and consultation, and promoting win-win cooperation, can we promote Sino US economic and trade exchanges and healthy and stable development of bilateral relations.

3 Chinese enterprises should be more confident and calm in dealing with economic and trade frictions.

Reporter: do you think the亿电竞 Sino US economic and trade frictions that have lasted for more than a year have a great impact on Chinese enterprises and the亿电竞 Chinese market?

Gao Yan: China亿电竞平台 has a solid material foundation, a complete industrial system, a huge market scale, a strong resilience in economic development, strong internal motivation and large room for maneuver. Over the亿电竞 past year, Chinese enterprises have been trained to cope with Sino US economic and trade frictions, and the亿电竞ir competitiveness, risk tolerance and overseas market capabilities have been furthe亿电竞r enhanced.

In the亿电竞 southe亿电竞ast coastal area, China亿电竞平台 Council for Trade Promotion (CCPIT) has learned that Chinese enterprises should be more confident in the亿电竞 face of the亿电竞 sudden escalation of Sino US economic and trade frictions. The亿电竞平台 export of some enterprises is not a single US market. The亿电竞平台 United States is an important market, but at the亿电竞 same time the亿电竞re are othe亿电竞r markets such as the亿电竞 European Union, Southe亿电竞ast Asia and Latin America, that is to say, "the亿电竞 East is not bright and the亿电竞 west is bright."

In fact, despite the亿电竞 intensification of Sino US economic and trade frictions, China亿电竞平台 is still a hot spot for foreign investment. According to the亿电竞 US China亿电竞平台 Trade Commission survey, 90% of US funded enterprises consider China亿电竞平台 to be the亿电竞 most important market, and 95% of US funded enterprises say the亿电竞y will maintain or increase the亿电竞ir investment in China亿电竞平台. Japan's Trade Promotion Agency report shows that Japanese companies continue to bullish the亿电竞 Chinese market, and the亿电竞 Chinese market ranks first among Japanese companies in the亿电竞 export, investment and cross-border electricity supplier strategies. Many multinationals such as Exxon Mobil, Tesla and BMW have increased the亿电竞ir investment in China亿电竞平台. During the亿电竞 second "one belt and one road" International Cooperation summit, enterprises from various countries signed a project cooperation agreement of US $about 64000000000.

As Heaven keeps vigor through movement, a gentleman should unremittingly practice self-improvement. America's trade protectionist stick will not stop the亿电竞 development trend of China亿电竞平台's economic stability. Changes will not change the亿电竞 direction China亿电竞平台 will push ahead with reform and opening wider to the亿电竞 outside world. China亿电竞平台 will maintain its strategic determination and unswervingly manage its own affairs, so as to push China亿电竞平台's economy forward steadily on the亿电竞 high quality development track.

 
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