Ballaststone effect in the traditional area of advantage
As the two largest economies in the world, the Sino-U.S. Economic and trade cooperation has laid a solid foundation and is highly complementary in many fields. According to statistics, the trade volume between China and the United States last year was 51.96 billion U.S. dollars, with 26% of Boeing aircraft exported by the United States and 56% Of the soybeans, 16% of the cars and 15% of the ICs are all in China, while the exports of electrical appliances and audio equipment, mechanical appliances and parts, furniture and spare parts, toys and game accessories and shoes, and footwear are China's exports to the United States A larger proportion of product categories.
Recently, there has also been a lot of interest in the deepening cooperation between the two countries in the agriculture and energy industries under the framework of the "100-day plan" of the "100-day Sino-US Economic Cooperation Plan." According to the "Hundred Days Plan, China and the United States will allow China to import U.S. beef as soon as possible and China poultry to the United States. At the same time, the United States will grant China no less favorable treatment than other trading partners that the United States gives to other non-FTAs.
According to statistics, as of the end of 2015, 29 of the 31 provincial-level administrative units (excluding Hong Kong, Maucao and Taiwan) in mainland China had direct investments from the United States, while in 2015, With sales revenue of about US $ 577 billion and profit of over US $ 36 billion, its investment mainly focuses on manufacturing (transportation, communications, electronics, chemicals, etc.), leasing and business services, wholesale and retail industries. The 2017 Global Investment Risk Analysis Report released by China Export & Credit Insurance Corporation recently disclosed that as of the first half of this year, China's cumulative direct investment in the United States reached 135 billion U.S. dollars and its investment was 46 in 50 U.S. states. And mainly concentrated in real estate, health care and other fields.
'Labor-intensive industries such as automobiles and aircraft are the traditional advantages of trade and economy in China and the United States, playing an important ballasting effect but facing increasingly fierce competition from many countries in Southeast Asia.' "Bai Ming, deputy director of the International Market Institute of the Research Institute of the Ministry of Commerce, Beijing Commercial Daily told Beijing Press that if the two countries want to consolidate the existing cooperation basis and achieve incremental competition, they will need the United States to abandon the concept of zero-sum game and also require relevant industries in China to speed up the transformation and upgrading and seize market share.
New consumption drives new cooperation
With the rapid transformation and upgrading of China's economic structure, the booming new economy also hatches a new growth point for the Sino-U.S. Economic and trade cooperation. "At present, the middle-income group in China has reached 300 million and is growing in size. As for the U.S. high-quality goods and The growing demand for services', said Cui Sheng, a visiting fellow at Dow Corners, said that China had about 3 million tourists to the United States last year, spending more than 11,000 U.S. dollars per capita. At the same time, U.S. nuts, cherries, lobster, health products, etc. Cui Sheng bluntly, in fact, the transformation of China's consumer demand and consumption structure has become an important driving force for the optimization of the trade structure between China and the United States, the policymakers in both countries have taken the opportunity to promote a series of new achievements Reached.
The 'special seminar' and all parties are also waiting for the new big cooperation contract.China Institute of Contemporary International Relations researcher Chen Fengying said that based on the existing cooperation between the two countries, the United States most want to deepen the capital fund is the Chinese financial industry, According to the "Hundred Days Plan," we have already agreed that some wholly-owned U.S. companies will enter the Chinese rating market and allow U.S. mobile payment technology to enter China. According to the 19 th National Congress of the CPC, China will deepen the reform of the financial system. The Central Government has repeatedly Stressed the need to intensify the liberalization of the financial services industry and given the two-way opening up of the financial industry, it is expected that the cooperation between the two countries in the financial sector will increase significantly in the future. "
There is also industry view that energy trade is also a new growth point to balance trade relations between China and the United States.Chinese Academy of Social Sciences expert Lvxiang on the United States said that if the United States can increase investment in energy export infrastructure or with China in infrastructure construction Collaboration to facilitate Chinese capital investment in energy infrastructure, including natural gas facilities in the West Coast, will greatly help to balance the 'trade deficit with China' and may also lead to the revival and development of the traditional industries in the United States.
'Cure' pain points to achieve a new balance
Although the foundation is solid, the prospects for Sino-U.S. Cooperation are still full of challenges. Some experts said that under the guidance of Trump's 'U.S.-first' strategy, Sino-U.S. Trade frictions will remain elusive in the future, but there is still tremendous room for development in such fields as high-speed rail and energy.
In recent years, the escalating trade dispute between China and the United States has made the structural pain of bilateral trade difficult to be cured. In mid-August of this year, the United States announced that it will launch a survey on China in accordance with Article 301 of the Trade Protection Law and judge China's relevant technology transfer , Whether intellectual property and innovative laws or policies would discriminate against U.S. companies have triggered concerns from all walks of life regarding unilateral actions by the United States and damaging Sino-U.S. Economic and trade relations. Meanwhile, in the fields of iron and steel, photovoltaics and other fields, the United States has frequently relied on China Related products waved 'double reverse' stick.
Bai Ming pointed out that the U.S. restrictions on China's high-tech products are another crux of the problem that will hinder the deepening of the economic and trade cooperation between the two countries. The United States also set numerous obstacles to the high-tech enterprises in the United States investing in the U.S. Public information shows that in 2001, U.S. high-tech products China imported 16.7% of its similar products last year, but its proportion dropped to 8.2% last year. For integrated circuits, China imported as much as 227 billion U.S. dollars last year, surpassing the imports of crude oil, iron ore and primary plastics Total, but the United States accounted for only 4% of the share.
In the opinion of the industry, the cooperation in foreign trade will become an important part of China's economic construction in the future. Therefore, it is particularly important to actively develop economic and trade exchanges with other countries, including the United States. It will also resume the cooperation between China and the United States (BIT), whose progress has been slightly slow in recent years Is expected to become one of the important starting points for deepening bilateral trade cooperation between the two countries.He said that to establish a long-term economic and trade cooperation mechanism between China and the United States requires not only strengthening the strategic economic cooperation between the two sides under the framework of the G20 and APEC talks, but also the need for the two countries For example, the United States liberalizes restrictions on the export of high-tech products to China, and China has fully implemented the pre-admission national treatment and negative list management system. "
Beijing Commercial Daily reporter Jiang Meng Wei Zhang Chang / WJ / watchmaking