The National Bureau of Statistics recently released May economic performance data. The spokesperson of the National Development and Reform Commission Meng Wei answered questions from reporters on the morning of the 17th on hot issues such as manufacturing investment, foreign investment negative list, and integrated development of the Yangtze River Delta. In the context of the current Sino-US trade frictions, many of the views and expressions in this press conference are even more indicative. A few days ago, Liu Zhibiao, professor of Nanjing University and dean of the Yangtze River Industrial Economics Research Institute, accepted an exclusive interview with our website on related topics.Concerning the trend of economic decline, the Sino-US trade war is one of the reasons, but not the only one. The downward pressure on China's economy generally comes from the disappearance of the dividends that supported economic growth in the past and the serious imbalance in the economic structure.The impact of Sino-US trade friction on China's economy may be mainly in these aspects: First, it has had an important impact on import and export trade, manufacturing growth and GDP growth. Second, it may cause industrial transfers, which in turn will have an impact on the industrial chain and industrial clusters.Foreign investment should not be reduced to a weapon in the Sino-US trade war. We must find ways to prevent foreign investment from flowing out of China. Stabilizing foreign investment is an important basis for winning the trade war.
