China News Service, Shanghai, October 29 (Reporter Xu Jing) The second Sino-US Economic and Trade Forum of the European and American Alumni Association was held in Shanghai on the 29th.
Liu Jun, vice chairman and president of the Bank of Communications, pointed out in his speech that Sino-US relations are still looking for further development in the fog under the background of the epidemic.
Reviewing the historical development of Sino-US relations, we need to rethink the key causes of Sino-US trade disputes in recent years and clarify the concepts of forced technology transfer and government intervention.
"There should be no irreconcilable contradictions between China and the United States." Liu Jun analyzed that the current trade pattern is completely a normal result of the global industrial division of labor.
For a long time in the past, under the established division of labor, China paid the price of labor costs, environmental costs, and current consumption delays for the so-called trade surplus.
Whether technology transfer or not is more the relationship between market entities, and the demand siphoning of the Chinese market is the most important weight among them.
When it comes to government intervention, Liu Jun said that a pure market economy does not exist in an absolute sense.
Since the beginning of this year, the Biden administration has actively promoted plans to rebuild a better future, and introduced a $2 trillion infrastructure plan. This shows that the United States itself is also consciously using macro-control policies to deal with the deficiencies and failures of the liberal market economy.
Similarly, China’s industrial policy is nothing more than a toolkit for coordinating government and market operating mechanisms to promote high-quality economic development.
Liu Jun believes that under the objective facts of new technology and new economic development, the theory of Sino-US decoupling cannot be established.
As the world’s second largest economy, China is the world’s largest demand market, and it also has the world’s most abundant application scenarios. Any new technology lacks China’s sufficient participation and effective absorption, as well as the wealth effect on this basis, the technological spiral The rise will not be achieved, and the ultimate damage will inevitably be the technology leaders, and most of these technology leaders are in the United States.
At the same time, the traditional security concept should no longer be a shackle in the construction of relations between major powers.
For major countries, the security and stability of the international order is a necessary condition for national security. Among them, state-to-state cooperation is indispensable.
Liu Jun emphasized that as the two largest carbon emitters in the world, China and the United States accounted for about 44% of global emissions in 2019. Cooperation is the best choice for China and the United States to tackle climate change. It is in the common interests of the world and is indispensable for both parties. Responsibility.
Looking to the future, Liu Jun said that in the context of carbon neutrality, China and the United States have a broader space for cooperation, especially in the fields of energy response to gas change and green finance, which are expected to achieve greater breakthroughs.
Liu Jun said that China and the United States should deepen cooperation in the energy sector and jointly address climate change. They can focus on greenhouse gas emissions, decarbonization and green technology research and development, high-carbon fossil energy transitions to green and low-carbon, high-energy-consumption and high-emission industrial structure transformation, Promote in-depth cooperation in biodiversity conservation and development, and join hands to respond to the climate crisis.
In addition, to strengthen cooperation in green finance, green finance and digitalization go hand in hand, and together constitute an important driving force for the green economy. In the future, the financial industries of both sides should work together to promote the innovative development of green finance, and promote the formation of a measurable standard system and multi-level transaction circulation. Market, diversified green financial products, diversified participants, and digital green financial service system.
Liu Jun said that in the context of the digital economy, under the development model driven by technological innovation, China and the United States should work together to transform, and this paradigm transition must be green, "because green is sustainable and green is the color of life. ".
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