British media: U.S. says China | 'stealing' | Intellectual property? Don't forget that you were also

Professor Graham Allison of Harvard University, once put forward a fatalist view: The conflict between the old powers and emerging powers is almost inevitable.

Well, before the outcome of the Sino-U.S. trade dispute, what expectations do foreign experts have for future relations between the two countries?

On the 11th, the Financial Times's chief economic commentator, Martin Wolf, wrote that as an old and new superpower, if China and the United States do not seek a reasonable cooperative relationship, they are very likely to erupt "destructive." The conflict. Once it becomes a reality, it will make the whole earth shake.

Speaking of the United States' concern for China's 'stealing' of intellectual property rights, Wolff disapproved that as a country that began development in the 19th century, the United States did not know how many people "stolen" ideas.

He also emphasized that 'innovation' is sacred and inviolable compared to intellectual property rights. The United States can work hard to protect intellectual property rights, but if they think it can stop China's innovation, then it would be wrong.

Martin Wolf Source: BCG 'China's economic scale will eventually exceed the United States'

First, let us first compare the economic strength of China and the United States with data.

The International Monetary Fund (IMF) statistics show that China’s per capita GDP last year was 14% of the United States; at purchasing power parity, it is 28% of the United States. It should be noted that in 2000, these two ratios were only 3% and 8 %.

In addition, China’s population is more than four times that of the United States, and the situation of GDP has become even more alarming. China’s GDP last year reached 62% of the United States, which even soared to 119% of the United States in terms of purchasing power parity.

The IMF predicts that by 2040, China’s per capita GDP will reach 34% of the United States. By then, China’s economic scale will be nearly 30% higher than the United States.

The Financial Times Chinese website reported that the same conclusion in the screenshot is not an exaggeration. The IMF stated that they have assumed that China will start to slow down the pace of catch-up in 2023. Moreover, '34%' is exactly the current level of Portuguese economy. It is hard to imagine. Countries with huge savings, enthusiastic people, huge markets, and firm resolve will not match Portugal after 22 years.

In the article, Wolff also expressed similar views. He believes that even if individuals in the United States are still richer than China, China’s overall economic scale is far greater than that of the United States. It is sooner or later. Especially for other countries, China has already become a ratio. The United States more important export market.

'Intellectual property rights are not sacred and inviolable, innovation is'

Wolff also mentioned that China’s R&D spending as a percentage of GDP is already no worse than any developed country in the world. The United States is not happy.

First of all, economic scale and science and technology complement each other, making China an increasingly terrible military power. 'The United States may complain, but they are also unable to go further. Self-defense is the basic human rights' , Wolfe Road.

In addition, the United States still stole China’s intellectual property every day. At the end of March, the United States officially sued China to the WTO for “breaking the WTO rules”.

However, Wolfe disagreed. He said that as a “rising star” with a history of only 200 years, the United States itself does not know how many other countries have absorbed the idea and turned it into its own.

'Intellectual property rights are not sacrosanct, innovation is'. Wolff believes that the US should find a balance between 'not too loose and not too tight' in terms of intellectual property rights. To protect IPR too much, Only inhibit innovation and development.

'The United States can work hard to protect its own intellectual property, but any idea that they have the right (or can) to stop China from vigorously developing innovation is crazy,' he added.

'The West can and must coexist with the rising China'

Wolfe pointed out that instead of focusing on China and treating China as a 'threat', Western countries need to examine themselves. In particular, they are “contributing to the ally” in the United States.

Last year, Trump publicly declared that global warming was a 'scam' that deterred the nations of the world from counting on the US's global public domain management system.

This year, Trump’s steel-aluminum tariffs have also scared off many countries that could have been friends with the United States. For a recent example, Japan released last week if it did not give them exemptions from tariffs and trade. The war will not support the United States.

The United States imposed tax on China in violation of international trade rules, which forced China to counterattack.

Although China and the United States did not really fight with real swords, but the termination of economic cooperation and the outbreak of a trade war are imminent. Wolfe hinted that the United States must learn to abide by international rules first, and then sit down with China. Together to seek a reasonable relationship of cooperation. After all, trade problems are still hopefully resolved.

He said that China’s future depends on China, but the relationship between China and the West is more dependent on China. The real threat to the West is not China, but its own decline - the prevalence of 'lot-rent', disregard for the fate and truth of the people, and the political Corruption, etc.

When we encountered the financial crisis, we only knew that we would respond to a monetary policy that would stimulate a new bubble. This was a tragedy,” Wolff said in the end. “Every western country can do it, and it must also co-exist with the rising China.” . '