China needs confidence and resolve in face of trade war

By Wang Xiaohui
0 Comment(s)Print E-mail China.org.cn, June 20, 2018
Adjust font size:
Wang Xiaohui, editor-in-chief of China.org.cn

A trade war against China was launched by the United States on the day the 2018 World Cup kicked off, as the Chinese people prepared to celebrate the Dragon Boat Festival, a thousand-year-long tradition commemorating Qu Yuan, the patriot poet of the Warring States period (475 BC-221 BC).

Trade ties between the two countries have remained unclear and strained since August of last year, when Washington unilaterally started a Section 301 investigation into the alleged Chinese intellectual property and technology transfer practices.

Trade tensions between the world's two major powers then escalated once more on June 15 with the White House's announcement to impose an additional 25 percent tariff on Chinese goods worth approximately US$50 billion. China hit back on the next day by unveiling a list of U.S. products that will be subject to additional tariffs.

On June 18, the White House made another statement, threatening tariffs on another US$200 billion of Chinese products. In response, the Chinese ministry of commerce said on June 19 that if the United States loses its rationality and unveils another list of Chinese products for additional tariffs, China will have no choice but to take comprehensive measures combining quantitative and qualitative ones to resolutely strike back. A trade war seems to be imminent.

What will happen will happen

Recent media reports have frequently expressed the sentiments, "No one wins a trade war" and "To kill 1,000 of one's enemy costs the lives of 800 of one's own men."

Is such a plain truth incomprehensible to President Donald Trump and his advisors? Surely not. Washington is fully aware of the damage it will suffer and is willing to pay the cost, because it is more concerned with the damage the war will inflict on China.

The Trump administration's apparently inconsistent attitude is only a tactic. Its strategy has never changed. It is determined to use the trade war and any other approach it can to impede China's progress. China must be clear about this.

If we look back on the past decades, we will draw a clearer picture of the situation. American hostility towards China has profound historical roots. It is the result of differences between the social systems of the two countries.

Washington's attitude towards China has never changed. We can feel this hostility from the Truman Doctrine, to President Nixon's book "1999: Victory Without War," to Secretary of State Madeleine Albright's hailing of the internet as a way of opening up China to foreign ideas, to all the actions of the Trump administration. The only difference between Trump and them is that the businessman-turned president doesn't use the conventional approaches of politicians, and that his overly flamboyant gestures leave the rest of the world flummoxed.

Be prepared for a protracted war

The trade conflict between China and the United States is a long-term problem caused by the respective economic structures of the two countries. It is impossible to solve it in the short run. On June 15, Trump explained his decision to impose the tariff. The gist of his idea was that the bilateral trade between the United States and China has been unbalanced, and it is unfair that the United States has suffered a deficit, while China has seen a surplus. The allegation that bilateral trade remains unbalanced is true, but this can't be taken as an unfair outcome.

The cause of the current situation is complicated. Indeed, some sectors in China need to open wider, and state-owned enterprises need to improve their business modes. But the more important cause of the problem is the difference between the two countries' economic structures, the role of the U.S. dollar as a global currency, the American lifestyle featuring low deposits and high consumption and the U.S. export restriction on high-tech products to China, amid other systemic issues.

Taking the U.S. dollar's role as an example, in the 1970s the United States managed to make the dollar a global currency, which led to an enormous profit gain. However, to maintain the dollar's position, the United States must dispense its currency extensively worldwide, which has led to trade deficits. The logic is simple. Washington is fully aware of this fact. It has just conveniently forgotten to mention it.

Since it is impossible to solve the trade imbalance between China and the United States in the short term, trade conflicts and even trade wars will occur frequently in the future. In view of this fact, we should be prepared for a protracted war.

Challenges on the road to development

When pursuing development, smooth sailing is not the norm.

Although China grew rapidly in the first two decades of its reform and opening-up policy, it still fell far behind Western countries, particularly the United States. Since its entry to the World Trade Organization in 2001, China has seized opportunities to globalize, opening wider and integrating into the international community. It became the world's second-largest economy in 2010.

Since the 18th National Congress of the Communist Party of China (CPC) in 2012, China has intensified its efforts to promote progress in the economy, military, culture, science and technology, as well as social governance. The share of China's GDP in the global economy has grown to roughly 15 percent, up from 11 percent. The Chinese government has set the goal of transitioning the country's economy from a rapid growth phase to one of high-quality development.

All those achievements are the fruits of the hard work of more than 1.3 billion Chinese people under the leadership of the CPC. However, hegemonic powers wedded to Cold War mentality use them as pretexts to fan the so-called "China threat" and to attempt to contain China's development.

After World War II, the United States gained the leadership of the world. And after the dissolution of the Soviet Union, it became "the sole remaining superpower." By wielding its political, military, economic and ideological influence, the United States managed to do almost whatever it liked.

This has encouraged its egocentrism and intolerance of win-win outcomes. The trade war it has waged against China is just part of its scheme to contain China's development.

China has been committed to peaceful development, with no intention to be in conflict with any country. Over the past few months, we have been working to resolve the problem through negotiation.

However, as an old Chinese saying goes, "The trees may prefer calm but the wind will not subside." When someone declares a trade war against China, we have no other choice but to respond.

Maintaining confidence and resolve

Mao Zedong wrote in a poem, "Complaining too much damages health, and one should have a far-sighted view of life." Deng Xiaoping remarked, "Development is of overriding importance." Xi Jinping observed, "A top priority for China is to manage our own affairs." These are good examples of the open-mindedness and great vision of Chinese leaders.

In pursuing its own interests, the United States has even fired shots at the European Union (EU) and Canada, which have been its allies for many years. How can we expect it to be fair on China? In the course of development, China will undoubtedly be confronted with various challenges, but we must not complain, knowing that with confidence and resolve we can achieve our goals.

First, we will further our reform and opening-up policies, improve our economic structure, upgrade our investment and trade environment, enhance our cooperation with the EU, Japan, South Korea, the ASEAN and African countries, and enlarge our partnerships to cushion the adverse impacts of the trade war.

Second, we will promote the implementation of the Belt and Road Initiative and increase economic and cultural cooperation with the countries along its routes to expand China's space for development.

Third, we will keep a clear head and become more aware of our weaknesses in technological innovation, core technologies and high-end manufacturing. We will increase spending on technological research and development as well as education, with a firm commitment to enhancing China's strength in science and technology.

Fourth, we will maintain strategic resolve. While safeguarding our national interests, we will uphold a broad vision for Sino-U.S. relations, and will try to keep the trade war at bay.

This year marks the 40th anniversary of China's reform and opening-up. The country has reached a new starting point and will meet new challenges with unswerving confidence.

The author Wang Xiaohui is editor-in-chief of China.org.cn

Follow China.org.cn on Twitter and Facebook to join the conversation.
ChinaNews App Download
Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Enter the words you see:   
    Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 国产高潮刺激叫喊视频| juy639黑人教练君岛美绪| 两人夜晚打扑克剧烈运动| 99视频精品全部在线观看| 好吊色青青青国产在线观看| 丹麦**一级毛片www| AV羞羞漫画在线观看| 成人看片黄a在线观看| 精品人人妻人人澡人人爽人人| 欧美线在线精品观看视频| 日本电影中文字幕| 天天干在线播放| 国产成人精品亚洲| 伊人精品视频一区二区三区| 五月天婷婷精品视频| yw193龙物视频永不失联| 午夜性福利视频| 秋霞午夜在线观看| 日韩精品第1页| 在线观看无码AV网站永久免费 | 国产亚洲精久久久久久无码| 四虎精品在线视频| 人人澡人人澡人人看| 久久综合九色综合欧美播| 一出一进一爽一粗一大视频| 1000部拍拍拍18勿入免费凤凰福利 | 一级毛片aaaaaa免费看| 天堂在线免费观看| 美女视频黄频a免费观看| 欧美色图亚洲天堂| 无遮挡一级毛片视频| 国内精品国产成人国产三级| 国产三级在线视频播放线| 亚洲毛片av日韩av无码| 久久99九九国产免费看小说| www亚洲视频| 香港三级电影在线观看| 波多野结衣女女互慰| 日本乱妇bbwbbw| 极品校花yin乱合集| 女人被两根一起进3p在线观看|