[Abstract]From April 16 to 20, 2018, the research team of the “China-Japan-Korea Economic Development Trend” conducted a fact-finding trip in Japan and exchanged views with their Japanese counterpart on Japan-U.S. trade frictions, Japan’s industrial upgrading, and the how dos the US contain China’s strategy of Made in 2025 by imposing a ban on ZTE. Furthermore, the research team visited different organizations, such as the Global Industrial and Social Progress Research Institute, Nomura Institute of Capital Market Research, Japan External Trade Organization, and the Global Infrastructure Facility (GIF).
[Abstract] The United States is no longer a leader of globalization and has begun to pursue the policy of America First since Trump took office. Now, the US has become a destroyer of multilateralism and globalization and its global strategy has undergone significant changes. In response, China must change at times to deal with these changes.
[Abstract] As emerging developing countries, the BRICS economies are highly complementary to each other and have huge potential for cooperation. In recent years, the BRICS countries have deepened their cooperation in the aspects of production capacity, which has injected new impetus into the world economic recovery and the growth of emerging market countries. The BRICS countries are also the preferred partners of China when it comes to capacity cooperation. For example, the scale of cooperation between China and the rest of the BRICS countries has been continuously expanded, the mode of cooperation has become more diversified, the policies for cooperation have been improved gradually, and the cooperation mechanism has started to take shape.
[Abstract] The US President Trump has repeatedly provoked China recently. After signing an executive order to impose tough tariffs on imported steel and aluminum products on March 16th, he proposed the penalty tariffs on $50 billion of Chinese imports based on the findings of the 301 investigation. Furthermore, the US will restrict Chinese companies’ mergers and acquisitions. From these newly-imposed tariffs and the reports issued by the United States at the end of last year, we can see the obvious changes in the US policies for China, which surely worth our attention and study.
[Abstract] In accordance with the section 232 of the Trade Extension Act of 1962, the US President Trump formally signed an executive order on March 8th, to impose tariffs on imported steel and aluminum on the grounds that other countries’ trade practices endanger American national security, which provoked a new round of international trade war.
[Abstract] The Belt and Road initiative has provided us with a historical opportunity to respond to the changes in the supply-demand relationship of agricultural products, deepen the supply-side structural reform in agriculture, and promote international agricultural cooperation. Apart from that, it will help the vertical development of agricultural cooperation and solve the structural problems facing China’s agriculture.
[Abstract]The rapid development of the digital economy has profoundly changed the production and lifestyle of our society. Since the CPC 18th National Congress, the Central Committee and the State Council have attached great importance to the digital economy and launched a series of major strategies and policies such as the “Internet Plus Action”, “Outline for the Development of National Informatization” and “Outline for the Promotion of Big Data Development”. The digital economy has become the most active field in China’s economic development. However, China’s software industry also faces some new problems during its accelerated transformation and upgrading in the era of the digital economy.
[Abstract]The Trump’s new tax reform that is regarded as the “US largest tax cut in 30 years” will not only have a wide impact on the US economy, but also trigger a chain reaction globally. Under the background of the global competitive tax cuts and the wave of global taxation reform, China should speed up the reform of its fiscal and taxation systems and make plans for enhancing its competitiveness.
[Abstract]In recent years, the emergence of new technological revolutions and the rise of global security issues have led to a continuous increase in the development and production costs of high-tech weaponry and equipment. However, the huge cost of national defense procurement has over-burdened many countries, therefore, there is an urgent need for the military industry to restructure industrial products and the R&D system, get rid of the predicament of over-size and low efficiency, and to establish a flexible military-civilian integration. This will not only satisfy the national security needs, but also promote national economic development. Currently, all major military countries have adjusted their strategies and policies for military industrial development, formulated new development plans, reformed production systems and management methods, restructured industrial product and formed new military industries, so as to create new development opportunities for the national economy and defense.
[Abstract]In 2017, the world economy has ushered into the most synchronized round of recovery since the breakout of the financial crisis. The cyclical factors and endogenous growth drivers have become stronger, and the global trade growth has again surpassed global economic growth. However, the deep-seated structural factors that affect the global trading system have not been changed, the incoordination and uncertainty of macroeconomic policies are likely to be strengthened, and trade protectionism may fully escalate amid the trend of anti-globalization. It is expected that in 2018 and the coming years, the sustainability and growth of global trade recovery will be restrained and face continuous competitive challenge.
[Abstract]At present, the globalization process has experienced twists and turns due to the fact that the current governance system and economic structure are incompatible with the development of globalization. In the next 5-10 years, globalization will still be in a period of adjustment and demonstrate new features and trends.
[Abstract]The so-called new trade protectionism, also known as the “ultra trade protectionism” or “new mercantilism,” emerged in the early 1980s, and was mainly represented by non-tariff barriers such as anti-dumping, green barriers, technical barriers, and intellectual property protection. Unlike the traditional trade protectionism, especially the temporary protection measures adopted by the developing countries to protect their emerging industries, the new trade protectionism is taken by the developed countries mainly due to their desire to maintain its well-established political and economic interests. The outbreak of the financial crisis in 2008 brought great difficulties to the world economy, particularly the developed countries. In order to promote economic recovery and boost employment, the developed countries led by the United States have set off a new wave of trade protectionism. Since Trump became the president of the United States, he has vigorously promoted trade protectionism under the slogan “America First”. The new trend of the trade protectionism in the United States can be summarized as follows: the United States has become the world’s number one country for trade protectionism, the object and scope of trade protection have become more extensive, the trade protection methods are more diverse and hidden, the unilateralism has been pursued, and finally the trade protection policies and measures have been changed to comprehensive economic competition policy.
[Abstract]The General Secretary Xi Jinping pointed out that the current financial risk is the inevitable consequence of the superposition of the financial cyclical, structural and institutional factors. The Experience shows us that high leverage is the fundamental source of all financial fragility and is reflected in the real sector as over-indebtedness, while in the financial sector, it manifests itself in an over-expansion of credit. China’s financial risk has to be resolved urgently.
[Abstract]China is an advocate, contributor and practitioner of globalization. Faced with the new trend of globalization, China is actively leading the development of the new globalization and seeking for improvement in global economic governance, as well as playing a constructive role in the promotion of globalization.
[Abstract]In recent years, CCIEE has completed a number of field investigations in many poor areas across China by undertaking important research projects commissioned by both the central and local governments. The research team found that the authorities of all the poverty-stricken areas have made strategic plan to reduce poverty and great progress has been achieved.
[Abstract] The current round of globalization has brought such problems as the pursuit of capital for profit, the separation of finance and entities. The root causes of these problems include unbalanced distribution of benefits, lack of external compensation, the competition between different interest groups, conflicts between countries and so on. The development of future globalization needs to improve the international rules.
[Abstract]At the end of 2017, the United States passed the tax reduction bill and consequently, the corporate income tax rate is reduced from 35% to 21%, and the maximum personal income tax rate is reduced from 39.6% to 37%. The new tax rate will come into force from January 1, 2018 and will cause significant impact on the US economy.
[Abstract] The U.S. president Trump introduced a series of anti-free trade initiatives since he took office. Some people think that the United States is leading the new round of anti-globalization wave, while others believe that the United States still adheres to free trade and globalization. In fact, economic globalization is in the long-term interests of the United States and the real intention of the United States is to reshape the globalization with the aim of maximizing its interests.
[Abstract]With the development of modern information technologies such as the Internet, Internet of Things, cloud computing, cloud services and artificial intelligence, cross-border e-commerce has promoted significant innovation in international trade and created the next generation of trade: E-international trade. The E-international trade is an offline and online trading mode which is highly informative, intelligent, international and network-based. It is built on modern internet technology and cloud computing, relies on the clustering and management of the cross-border trading platform and brings consumers, producers, suppliers and brokers together. The E-international trade is a new type of trade and the next generation of trade. Just like the steam engine from the industrial revolution, the E-international trade broke the geographical obstacle of the traditional international trade, infiltrates the whole process of international trade and brings dramatic innovative changes.
[Abstract] China’s proposal of the Belt and Road Initiative has received positive response worldwide. At the BRICS Summit (Xia Men, China) held in September 2017, General Secretary Xi Jinping proposed that the Belt and Road will be extended to Latin America. Central America is an important part of the Latin American region and China will be able to promote a steady economic and diplomatic relations in central America as Panama and Costa Rica have established diplomatic relations with China. However, Central America is the weakest link of China’s global diplomatic strategy. As one of the seven Central American countries, Salvador is very keen on participating in the Belt and Road Initiative. Learning from China’s experience, Salvador is actively preparing for the establishment of a special economic zone. China should seize this opportunity to support its enterprises in to take part in the construction of the special economic zone.
Address: No.5, Yong Ding Men Nei Street, Xicheng District, Beijing, China 100050 Fax: (8610) 8336 2199
If you have any questions or comments, please do not hesitate to contact us via the fax number provided.