In order to cope with the trade war, we should accelerate the pace of reform, improve the open market system, actively absorb foreign investment, strengthen the cooperation with foreign investors, take the initiative to use international technology, talents, information and other resources to improve the level of manufacturing industry, stabilize the real economy, consolidate the world position of China's manufacturing industry, and play a leading role in the process of seeking industrial upgrading and technological progress Leading role.
In an interview with the financial weekly of the Journal of the Chinese People's Political Consultative Conference, Professor Sang Baichuan, President of the college, said that under the strategy of "U.S. priority", the United States will lose its allies. At the same time, the United States is trying to completely change its attitude towards economic globalization and implement trade protectionism, which has become an obstacle to globalization. Professor Sang proposed that in the complex development environment, state-owned enterprises, as the backbone of the national economy, should bear more social responsibilities. We should fully understand the thinking of classified reform of state-owned enterprises, try our best to bridge the challenges brought by the Sino-US trade war for public welfare state-owned enterprises, and enhance the global competitiveness for commercial state-owned enterprises. State owned enterprises should strengthen cooperation with foreign investors, take the initiative to use international technology, talents, information and other resources to improve the level of manufacturing industry, stabilize the real economy, consolidate the world position of China's manufacturing industry, and play a leading role in the process of seeking technological progress in industrial upgrading.
Professor Sang suggested that at present, we should have enough confidence to deal with the trade war, rather than blind pessimism. We have institutional advantages, a foundation of state-owned enterprises, a complete economic system, a growing consumer market, and standing on the moral high ground of maintaining globalization, which can check and balance the U.S. and finally give up trade protectionism. At present, the fluctuation of stock market, bond market and exchange rate is an over reaction of the market in a specific period of time.
In addition, Professor Sang also pointed out that we need to further optimize the business environment, accelerate supply side structural reform, improve total factor productivity, reduce the operating cost of the real economy, and stabilize the real confidence.
Original link: https://mp.weixin.qq.com/s/r5q2uOT3sRi3VGVvLCpBEQ
