(Fighting against New Coronary Pneumonia) Records of the "epidemic" of economic wars: How can China, Japan and South Korea's industrial supply chain respond to new challenges?
China News Service, Beijing, April 4 Question: Economic epidemic "epidemic" record: How can China, Japan and South Korea's industrial supply chain respond to new challenges?
China News Agency reporter Wei Xi
The global pandemic has brought new challenges to the industrial supply chains of China, Japan and South Korea. Should special trade policies be used to promote closer industrial cooperation between China, Japan and South Korea in special times?
At the expert network symposium on "China-Japan-Korea Industrial Cooperation under the Global Pandemic" held by the China (Hainan) Reform and Development Research Institute, Nao Gang, the executive director of the Japan International Economic Exchange Consortium, believed that China, Japan and South Korea need to jointly adopt Decisive and large-scale fiscal and monetary policy measures to promote demand are the best way to protect the supply chain.
Yuan Gang Zhixing said that making full use of digital technology is the key to responding to the impact of the epidemic. "You must use digital technology to solve the digital divide and use digital technology to rebuild a more stable and safe supply chain. This requires international cooperation."
Chi Fulin, president of the China (Hainan) Reform and Development Research Institute, believes that the global pandemic of the epidemic is likely to change the existing pattern of economic globalization, and the regionalization and localization of supply chains and industrial chains may be a new trend. Under such circumstances, the strategic and overall nature of the all-round cooperation between China, Japan and South Korea has become prominent.
Chi Fulin pointed out that China, Japan, and South Korea have strong industrial complementarity, and the division of labor within the manufacturing industry is closely coordinated. At present, the focus should be on jointly maintaining the safety and stability of the manufacturing supply chain, and promoting the formation of a new mechanism for the division of labor cooperation among the three countries. "It is necessary to strengthen the mechanism construction of tripartite industry supply chain security information communication and coordination, joint assessment, risk warning, etc."
Zhang Yunling, a member of the Chinese Academy of Social Sciences, believes that China, Japan and South Korea need to cooperate more closely to deal with the epidemic situation and the "dual threat" that severely impacts the economy. One is to strengthen open information sharing among each other, establish the information sharing platform of the Center for Disease Control and Prevention of China, Japan and South Korea, and open information to the community and the public in a timely manner. The second is to strengthen cooperation in anti-epidemic technologies and products, establish joint research and development centers, and form production and supply capabilities based on the region.
Jin Daoxun, former director of the Korea Institute of Industrial Economy and Trade, believes that the East Asian industrial ecosystem is operating well. For example, in the passenger car and smartphone industries, the three parties have obvious competition in the final product from the surface, but the three parties have a very close cooperation relationship on the intermediate products. He believes that China, Japan and South Korea may need to consider establishing a backup supply chain in their home country as a supplement to the cross-border supply chain in case of unexpected needs, but it should be premised on not prejudice to the currently well-functioning supply chain structure in East Asia.
Xu Qiao, a senior researcher at the Korea Foreign Economic Policy Research Institute, said that recently, due to the inability to import important parts from Japan and China, South Korean auto production has been significantly reduced. Small and medium-sized enterprises in the Korean industrial supply chain have suffered more damage than large enterprises. Therefore, China, Japan and South Korea should work together to promote trade and investment facilitation, thereby ensuring the stability and security of the supply chain.
Japan ’s Waseda University ’s deputy dean of the School of Political Science and Economics, Fukkawa Yuki, believes that China, Japan and South Korea can join hands to create the first global digital economic technology standard. In addition, automobile manufacturing, artificial intelligence, robot manufacturing, modern service industry, communications, etc. can also be listed as early harvest projects in the China-Japan-Korea Free Trade Zone. China's continued opening to the outside world will make greater contributions to economic globalization. (Finish)