Be wary of trade protectionism spreading to emerging industries

Recently, the relevant US departments launched a "double-reverse" investigation on China's clean energy products, highlighting a stronger trend of trade protectionism, and also issued a vigilant signal that current trade protectionism is spreading to emerging industries and competing for the future. Competition in the commanding heights of the economy has become more intense and the situation has become more urgent. Faced with this new challenge, we must accelerate the shaping of new competitive advantages while effectively addressing various forms of protectionism.

Since last year, as countries’ economic development difficulties have risen and competition in the international market has intensified, economic frictions between developed countries and emerging market countries have increased, and contradictions among developed countries, emerging market countries and developing countries have also risen. Formal protectionism has intensified. At the same time of the extensive use of traditional means of protection, some new changes have taken place in the direction and means of trade protectionism. The outstanding performance is that some countries use the banner of fair trade, use WTO rules to implement trade protection, abuse anti-dumping, countervailing, and technical Measures such as trade barriers and green trade barriers will be extended to energy resources and strategic emerging industries. According to reports from international organizations, from December 2010 to May 2011, the proportion of trade affected by new trade protection measures to global trade increased significantly, doubling from June to November 2010.

This year is the year of the general election. From the current situation, the downside risks of the world economy are still increasing and are superimposed with the political cycle. Limited policy choices and deepening of the crisis have made many countries more inclined to use trade protectionism to ease political pressure and please the people, and trade protectionism is further exacerbated.

Trade protectionism poses a serious challenge to the world economy. Once trade protectionism is rampant, it will make the world economy worse, and it will inevitably cast a shadow over the economy of the Asia-Pacific region. There are precedents in this regard. In the early 1930s, the United States passed the "Smoot-Hawley Tariff Act" to substantially increase import tariffs, resulting in a global tariff war, causing disastrous consequences. World trade was almost stagnant, and tens of millions of people were unemployed, exacerbating the time. The Great Depression of the Economy.

China's development cannot be separated from the world. China is a big foreign trade country, and external demand has an indispensable important position in China's economic development. Trade protectionism is more prominent and may form a greater constraint on China's expansion of external demand. On the one hand, we must keep a clear head, strengthen risk assessment, prepare plans ahead of time, and study and formulate countermeasures against various forms of protectionism. On the other hand, we must work hard to overcome the adverse effects of external environmental changes and do everything possible. Foreign trade, comprehensively improve the level of open economy, and strive to maintain steady growth in exports. At the same time, we must pay close attention to the new trends of current trade protectionism, accurately grasp the direction of world new technologies and new industries, adhere to innovation drive, base on China's existing foundations and advantages, create new competitive advantages, and seize new commanding heights. .

High technology and its industry are important areas of competition in the international market and are also the focus of current trade protection. After the outbreak of the international financial crisis, all countries in the world, especially the major economies, have set off a competition to occupy the commanding heights of emerging industries. The trade protection method is one of the main policy choices to ensure the future international economic dominance under economic difficulties. Experts analyzed that launching a “double-reverse” survey on China's clean energy products may be just the beginning of a new round of trade protectionism. China's entire new energy sector and even the seven strategic emerging industries may become targets.

At present, China's industry as a whole is still at the low end of the international industrial chain. Actively responding to the challenges of global trade protectionism requires us to grasp the general trend of technological and industrial changes, accelerate the adjustment of industrial structure, further expand and create market demand, and form a new impetus for economic development, so that economic growth is based on structural optimization. To a certain extent, this is more decisive for breaking the restriction of trade protectionism on China.

The countries of the world should also fully realize that in the context of today's deepening economic globalization, trade protectionism will only harm others. Any country that wants to implement a trade protection policy, no matter which means it takes, will inevitably lead to protests, sanctions and retaliation from other countries, and even cause trade wars between each other. This will not only make the world economy and the country go out of the dilemma as soon as possible, but it will further worsen the global economic situation.

Inoculant

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