President Xi Jinping showed to the world yesterday that China not only opened the market, but also increased the protection of intellectual property rights. This is to reduce the international blockade on China, especially by the United States, with a huge market and the protection of foreign investment. However, in the absence of mutual trust, I believe it will only "talk while talking".
Although the United States is the main force in blocking China, the European Union and Japan are also worried about China's economic strength and its application. For example, 12 countries of the European Union, Japan and South Korea jointly announced in late last month that they will jointly promote the reform of WTO rules and respond to China's subsidies to industries. Faced with the increasing US trade war and the siege of the international community, Xi Jinping responded comprehensively for the first time to the China International Import Expo held yesterday.
Xi Jinping made five commitments to expand opening up, namely, expanding imports on his own initiative, continuously relaxing market access, creating an international first-class business environment, creating a new high ground for opening up, and promoting in-depth development of multilateral and bilateral cooperation. Xi Jinping predicts that in the next 15 years, China will import more than US$30 trillion in goods and services and US$10 trillion in services under China's increased import and market opening.
At the same time, in order to alleviate foreign capital's worries about restrictions and injustices even when it can enter the Chinese market, especially the infringement of intellectual property rights, Xi Jinping proposed resolutely punishing the infringement of the legitimate rights and interests of foreign investors, especially the infringement of intellectual property rights, and introducing a punitive compensation system in order to create an international first-class business environment. Raise the cost of breaking the law.
Obviously, Beijing is not only tempted by the huge market, but also alleviates the worries of foreign investment, and strives for foreign investment to lobby its government and adopt a friendly attitude towards China in order to break through the plight of the current international economic and trade siege.
However, I believe that the international community will not be reassured. The absence of the leaders of the Group of Seven (G-7), namely the United States, Canada, Britain, France, Italy and Japan, in the first China International Import Expo reflects that the international community is still suspicious of China's economic and trade policies and refuses to be a platform for China. In fact, on the one hand, China emphasizes the full implementation of its WTO accession commitments, but on the other hand, both the United States and Europe believe that China has not followed the international implementation and understanding, but has drilled through the gaps in the WTO regulations, so they call for the reform of the WTO rules in light of China's situation.

<>The first step in breaking through the plight of China's new economic and trade

 

PREVIOUS:Japan is ready to resume imports of Iran oil        NEXT:The ECB wants the last stimulus operation.