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A Rational Understanding Of The Current Sino-us Trade Friction
Kinghood International Logistics Inc | Updated: Sep 03, 2018

As the us defines China as a "strategic competitor", sino-us relations will undergo profound adjustments.As two major countries, cooperation and competition between China and the United States are the norm. Cooperation does not mean no contradiction, nor does competition mean all-out war.We must lose our illusions and fight resolutely.We should remain rational and strive to maintain overall stability.We should fully understand the complexity of china-us trade frictions, adhere to the principles of "being rational, beneficial and prudent" and "being unwilling, not afraid, and having to fight when necessary".China insists on not shooting the first shot. However, in response to the us's unilateral actions to start a trade war, China is bound to adopt reciprocal countermeasures and take the us's unilateral actions to the wto dispute settlement mechanism.No, not enough to defend national dignity and the interests of the people, not enough to defend the principles of free trade and the multilateral trading system, not enough to defend the common interests of the nations of the world.At the same time, as long as the us side gives up its erroneous position and action to start a trade war and sticks to treating each other as equals and keeping its promise, China is ready to respond to each other's concerns through negotiations on an equal footing, tap the potential of bilateral economic and trade cooperation, establish institutional arrangements for bilateral economic and trade cooperation and promote steady development of bilateral economic and trade cooperation.

A comprehensive approach to deal with short-term shocks.The adverse impact of sino-us trade friction on China's macro economy is limited and controllable.According to a number of research institutions, the us imposed a 25% tariff on us $50 billion of goods exported to the us, which will affect China's GDP growth rate of about 0.1 percentage points.But the adverse effects can spread to multiple areas through expected changes.Therefore, we should attach great importance to comprehensive measures and properly deal with them.First, we should do a good job in rescuing enterprises that have been prevented from exporting, help them turn to domestic sales or export to the markets of other countries, and strengthen the assistance, training and job transfer of laid-off workers.Second, we will take effective measures to encourage enterprises to adjust their import mix, increase imports from other countries, ensure a stable supply in the domestic market and prevent sharp rises in the prices of individual commodities.Third, we will ensure employment, finance, foreign trade, foreign capital, investment and expectations are kept stable, maintain steady growth of the macro economy and financial markets, and guard against and defuse major risks.

Maintain strategic focus and do your job well.The key to dealing with the United States' act of starting a trade war is not to be disturbed by the other side.The Soviet union was dragged into an arms race in the cold war, and Japan had a bubble economy in a trade war.We must draw lessons from other countries, maintain our strategic focus, and work hard to achieve our goal of building a modern socialist country in an all-round way.First, we should focus on economic development, concentrate on development, constantly enhance China's overall national strength and improve people's lives.Second, we should stick to the direction of socialist market economy reform, speed up efforts to deepen reform in an all-round way, constantly improve the socialist system with Chinese characteristics, and modernize the country's governance system and capacity for governance.Third, we will make every effort to enhance our capacity for innovation.We will firmly grasp the strategic opportunity of the new technological revolution, accelerate technological catch-up, strengthen research and development of cutting-edge technologies, upgrade traditional industries with new technologies, vigorously develop emerging industries, and accelerate high-quality development.Fourth, we will open wider to the outside world.We should align high standards of international economic and trade rules, build a new economic system that is open to the outside world, create a new pattern of all-round opening up, enhance the international competitiveness of industries and international division of labor, and build a strong trading nation.We will vigorously advocate free trade and uphold the authority of the multilateral trading system.We will actively promote the free trade zone strategy and promote the development of "One Belt And One Road".We should fulfill our responsibility as a major country commensurate with our own strength and stage of development, uphold the concept of a community of Shared future for mankind, and make new contributions to building a world of lasting peace, universal security, common prosperity, openness, inclusiveness, and clean and beautiful.

A rational understanding of the current trade friction between China and the United States.

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