On June 5, 2018, President Sang Baichuan of the Chinese Academy of Sciences accepted an exclusive interview with global Chinese to deeply understand China's further opening up. The specific interview contents are as follows:
Host: the characteristics of China's economic development in the past 40 years of reform and opening up are not only the needs of the market and the people, but also the requirements of economic globalization. Now many overseas friends are very concerned about whether it is the best time to invest in China or develop in China. Now the market is not the same as it was 10 years ago and 20 years ago. What areas can be developed? What can China do for the world?
President Sang: compared with the beginning of reform and opening up, the environmental conditions for foreign capital to enter the Chinese market have indeed changed a lot. Today, since China has become a developing country with middle and upper income, its economic aggregate is expanding and its structure is upgrading. If we only engage in the traditional labor-intensive manufacturing industry, we will face many new problems. For example, people's income level has increased, and the simple labor price has also increased significantly, and the wage level will rise. Therefore, the bonus of labor force may be reduced, and the advantage of low labor cost is weakening. In addition, the competitiveness of Chinese enterprises is improving. After foreign investment enters the Chinese market, it is found that the strength of competitors has been enhanced, and many production capacity has even appeared surplus. Without advanced technology, perfect management and strong competitiveness, it is almost impossible for them to find opportunities to obtain high profits in the Chinese market, and even it is very difficult for them to gain a foothold in China.
Host: China's manufacturing industry has been open for a long time, and the degree is relatively deep. Moreover, it has developed rapidly and has strong competitiveness. However, it is still an important task to fully open the market access of manufacturing industry to introduce foreign capital. Some large-scale heavy product fields, such as automobile, shipbuilding, aircraft manufacturing and other industries, still have restrictions on the ratio of foreign shares, which is not conducive to accelerating the reform and innovation of domestic enterprises. Therefore, the restrictions on the ratio of foreign shares in these fields will be relaxed or abolished, so as to promote the relevant manufacturing industries to move towards the middle and high end. So what do we think of the continuous liberalization of foreign investment in such industries as automobile communication and aircraft manufacturing?
Host: President Xi announced at the Boao Forum that China will hold China's international import commodities Expo in October this year. What is the significance of launching a larger scale international import Expo at this time?
President Sang: holding an Import Expo is a specific measure to expand imports. On the one hand, expanding imports can meet the needs of China's domestic consumption upgrading, on the other hand, it also provides more opportunities for enterprises and products of other countries to enter the Chinese market. China's holding the Import Expo is a declaration to the world that China will provide more opportunities for the development of other countries in the process of its own development.
Host: under the premise of China's new round of opening up, what surprises will China's opening up bring to the world?
President Sang: in the process of expanding opening up, China will not only provide more investment and trade opportunities for investors and traders in the world, but also provide more wisdom for the world in the interaction between China and the world in the future. China has one belt, one road China's one belt, one road and one belt, one road and one road initiative. It is not only the Chinese enterprises going to invest in the trade in the same area, but also to cooperate and develop, and more importantly, to provide a public product to the world, so that the participating countries have the opportunity to invest and develop, so that some countries and regions that have taken the initiative to improve the industry and improve the infrastructure industry. The chemical foundation has been improved, and the platform for capacity cooperation has been gradually built.
