The Chinese market is full of magnetism for U.S. companies (expert interpretation)

  Bloomberg in the United States recently published an article that commerce is an important "connector" between the United States and China.

China's 400 million middle-class consumers are as powerful as a magnet, making many American companies loyal to the Asian country's market.

  An annual survey previously released by Reuters showed that US companies' optimism about China's business environment has returned to its highest level in three years.

77.9% of the surveyed companies are optimistic or more optimistic about their business prospects in China in the next five years; 82.2% of the surveyed companies expect their revenue in 2021 to increase compared to last year.

  Craig Allen, president of the US-China Business Council, recently stated that Sino-US economic and trade relations are very important. More than 1 million Americans are employed by companies that rely on exports to China.

Both peoples of the two countries hope to have smooth economic, trade and investment exchanges and enjoy the benefits of a predictable and prosperous economic environment. Greater stability will bring more opportunities to companies and people in both countries.

  Since joining the World Trade Organization in 2001, China has always upheld the principles of fairness, justice, equality and mutual benefit, and maintained sound economic and trade cooperation with countries around the world.

In recent years, with the rapid development of its own economy, China has played an increasingly important role in international trade and played an increasingly important role.

Many countries maintain close economic and trade ties with China, regard China as an important trading partner, and have full confidence in the Chinese market.

For the majority of foreign companies, including American companies, China has a fair, transparent, and predictable market environment, making it a very attractive investment spot.

  The attractiveness of the Chinese market mainly comes from four aspects:

  One is the huge consumption potential.

China's huge domestic consumer market and high-quality consumer demand have attracted many foreign companies to develop in China.

At present, China is accelerating the construction of a new development pattern in which the domestic large-scale cycle is the main body and the domestic and international double cycles promote each other. The attractiveness of the hyper-scale market will be further highlighted.

  The second is a complete industrial chain.

In the face of the sudden outbreak of the new crown pneumonia, China is following the current situation, facing challenges, turning crises into opportunities, actively adjusting economic structure, strengthening industrial system construction, continuously improving the industrial chain and supply chain, and effectively improving its ability to prevent risks and respond to crises.

  The third is a convenient transportation network.

In recent years, China has gradually formed a convenient, efficient, and intelligent cargo transportation service system. A number of international leading modern logistics technologies have been widely used. The rapid development of multimodal transportation, non-vessel transportation, and non-vessel transportation and other freight organization forms has made Logistics efficiency has been greatly improved, which has made outstanding contributions to improving the trading environment and reducing logistics costs.

  The fourth is a safe trading environment.

China has made major achievements in the prevention and control of the epidemic, which has given Chinese companies a "reassurance."

China has built a security barrier, so that the funds and products of foreign companies in China can be operated to the greatest extent and with the highest efficiency in the Chinese market.

  China's huge, complete, convenient, and safe market has attracted many US companies to develop in China, and it has become a microcosm of China-US economic and trade cooperation.

In 2020, due to the impact of the new crown pneumonia epidemic, global trade performance is sluggish, but Sino-US trade has bucked the trend and rose 8.3% in US dollars.

Economic and trade cooperation has brought tangible benefits to both parties——

  The first is to promote the economic and trade development of both sides.

The economic and trade cooperation between China and the United States is conducive to the complementary advantages of China and the United States. The United States not only needs China's vast consumer market, but also needs to import a large number of high-quality and inexpensive goods from China. It is not only conducive to promoting international division of labor and cooperation, but also conducive to improving both sides The standard of living of the people of the country.

  The second is to promote the formulation of relevant international trade rules.

Under the new global economic situation, Sino-US economic and trade cooperation will help establish common rules for international trade based on cooperation, which can promote the healthy development of regional and global economies, continuously improve the well-being of the people, and contribute more to the future recovery of global trade. strength.

  The third is to ease the tension between China and the United States.

Economic and trade development is the glue and ballast of Sino-US relations.

As long as China and the United States achieve high-intensity and close integration at the economic and trade level, the overall pattern of Sino-US relations will not be out of control.

Whether in the past, present, or in the future, economic and trade cooperation will be a stabilizer for the overall stability and positive improvement of Sino-US relations.

  To cooperate and not to delink, this is a strong call from all walks of life in the United States, especially the business community.

In the context of economic globalization, the Chinese and American economies are interdependent.

The strong resilience demonstrated by China-US economic and trade cooperation shows that China-US cooperation benefits both sides. Economic cooperation not only conforms to the interests of both parties, but also meets the common needs of world peace and development.

The essence of Sino-US economic and trade relations is mutual benefit and win-win results. The two sides should make big cooperation "cakes".

In the future, the two sides should use economic and trade cooperation as the starting point and breakthrough point, uphold the concepts of extensive consultation, joint construction, and sharing, eliminate misunderstandings and prejudices, strengthen understanding and communication, and better respond to the common challenges of the post-epidemic era.

  (Interview with Zhao Yinfan)

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