Zhang Yueyou: Where Will the Sino-US Trade War Go?

Release time:2018-03-28Author: Zhang Yueyou

1. The "301 investigation" initiated by the United States unilaterally against China violates the multilateral trade rules based on international law and WTO framework. It is unpopular and deserves international condemnation and reciprocal retaliation.2. The trade friction provoked by the United States has its specific economic and trade background. We should have a clear understanding of this situation and make adequate preparation. If necessary, we should do a good job of trade warning for relevant enterprises. 3. Summing up four concerns of the U.S. "301 investigation", it is no more than asking China to increase its legislative protection or amendment in the field of intellectual property rights and give fair national treatment to its market access. It’s necessary to avoid to expand the trade contradiction between the two countries and extend it to other fields.4. The "trade war" offered by developed countries is just to increase bargaining chips. We should have sufficient psychological preparation to reach an agreement with the United States in some aspects, and avoid unprincipled concessions to unreasonable demands. 5. Based on the influence of the trade war, we should pay close attention to the difficulties that China's export decline may bring to the macro-economy in the second half of this year. We should appropriately repair this year's economic outlook and shift the focus of domestic financial risk prevention work to the prevention of the collapse of the real estate bubble.