Li Changjiu: China's Big Market, Opportunities for Countries

Author: Changjiu Li (Senior researcher of Chinese Think Tank, researcher of World Issues Research Center of Xinhua News Agency)

Source: Chinese think tank public number _sp5span1 _span9 pstrong_span1 Since 2020, the trade volume between China and ASEAN, China Europe and China and Japan has exceeded the trade volume between the United States and ASEAN, the United States and Europe, and the United States and Japan respectively. China's introduction of foreign direct investment ( FDI ) surpassed the United States for the first time, becoming the country that has introduced the most FDI. In the next 10 years, China's cumulative merchandise imports are expected to exceed US$22 trillion and will continue to introduce large amounts of FDI. More and more countries and enterprises understand how much vitality, potential and business opportunities are contained in the ocean of China's economy and a large market with a population of more than 1.4 billion!


ASEAN is already China's largest trading partner. Ma Kaishuo, a researcher at the National University of Singapore Research Institute, pointed out: "When the United States and the Soviet Union were struggling for hegemony, most countries in the world stood on the side of the United States. However, in the current Sino-US game, few countries really support the United States' strategy of containing China...Many US allies With closer cooperation ties with China, ASEAN is a typical developing country. In the past 20 years, ASEAN’s trade volume with China has increased from US$14 billion to US$680 billion. This group of developing countries representing a population of 670 million has become China. The largest trading partner. ASEAN opposes being forced to choose sides between China and the United States. It has generally questioned Australia's practice of following the United States in attacking China, and believes that this is not a wise choice to get along with its neighbors in the Asia-Pacific."

Japanese Kan Politicians such as Yiwei and Taro Aso have become the pawns of the United States in containment and containment of China.However, based on domestic interests, the current Japanese government needs to continue to participate in the Asian regional economic cooperation. Japan has officially completed the " Regional Comprehensive Economic Partnership Agreement " (RCEP) approval process. According to the assessment of the current Japanese government, due to China and South Korea joining the RCEP, the economic benefits of RCEP implementation will exceed all the trade agreements that Japan has signed so far. It is expected that 91.5% of Japan’s industrial exports will be tax-free, resulting in Japan’s gross domestic product (GDP). An increase of 2.7%. According to statistics from the Ministry of Finance of Japan, Japan’s exports to China in the first half of 2021 increased by 27% year-on-year, reaching 8.6 trillion yen (approximately US$78 billion), breaking the 8 trillion yen mark for the first time, significantly surpassing exports to the United States (7.1 Trillion yen) and exports to the EU (3.8 trillion yen) are expected to hit a record high throughout the year. According to a survey conducted by the bimonthly "Foreign Policy" of the United States on July 30, 2021, citing what position should be taken in the Sino-US conflict, 58% of the Japanese public tend to devote themselves to international cooperation rather than choosing sides, and only 20% Of people prioritize their relationship with the United States.

In 2020, the trade volume between China and Europe will reach 586 billion euros, surpassing the US-EU trade volume of 555 billion euros for the first time. China has become the largest trading partner of the European Union. A small number of European politicians followed the United States, refusing to use Xinjiang cotton on the grounds of so-called "forced labor" and other lies, and even imposed sanctions on some Chinese officials. my country's foreign affairs department organized multinational envoys to visit Xinjiang, refuting the lies of a few politicians in the United States and Europe. On July 29, 2021, the Austrian "News" website quoted Chinese customs statistics showing that in the first half of 2021, China’s exports to Europe increased by 35%, while Xinjiang’s exports to Europe increased by 131%, which mainly included cotton, tomato products, and man-made products. Fiber, wind power equipment etc. The article cited data provided by British historian Timothy Jarton Ash to illustrate how important the Chinese market is: German Volkswagen 40% of global sales come from China, and it also has a factory in Xinjiang. "If it is closed now, it will have a negative impact on its relationship with China, thereby affecting its business in this country."Compared with the stakes, European and even Western companies are inseparable from the Chinese market.

In the first half of 2021, Sino-US trade in goods increased by 34.6% year-on-year, higher than the 26.7% increase in trade in goods between China and the EU. Former US ambassador to China Rui Xiaojian believes that US intervention in China’s internal affairs will only be self-defeating. The United States restricts the use of Xinjiang cotton and imposes sanctions on relevant officials. It will not have any substantial impact on China, but will only harm its own interests. South China Morning Post, Hong Kong "On June 31, 2021, the website published an article by Orens, Chairman of the National Committee on U.S.-China Relations, stating that the U.S. policy toward China in the past four years has been a disaster for ordinary Americans and U.S.-China relations. It is often based on fallacy. Seeing rather than facts. On the economic front, the current government should immediately abolish the tariffs imposed by Trump. The United States has already lost 300,000 jobs due to (increased) tariffs. A family of four will spend more on this a year. US$2,300. On July 14, 2021, the Bloomberg News website published an article entitled "Biden’s Tough China Policy Will Bring More Trump-like Pain" Both commodity exports and US exports to China are at a high level. The data shows how difficult it will be to decouple the two largest economies in the world. The article quoted Jim McGregor, Chairman of the China Region of Encore Consulting Co., Ltd., as saying: "For leading American companies to maintain their global leadership, they must enter the Chinese market and have access to Chinese innovations. They cannot be forced to choose between the United States and China.

"The Belt and Road" is a cooperation platform that benefits people from all over the world. So far, 140 partner countries have signed cooperation documents with China. The cumulative trade volume between China and "Belt and Road" partners exceeds US$9.2 trillion. Infrastructure such as roads and railways are expanding rapidly. The “Belt and Road” has connected all directions, and the “One Road” is connecting all over the world. German Chancellor Merkel said on March 10, 2019 that the “Belt and Road” is an important project.The EU hopes to play an active role in this. On March 15, 2019, Italy and China signed a memorandum of understanding, and Italy confirmed its support for the “Belt and Road” initiative. In April 2019, Philip Hammond , then British Chancellor of the Exchequer, called the “One Belt One Road” project “with truly ambitious goals”. So far, there have been more than 40,000 China-Europe Express trains, reaching more than 160 cities in 23 European countries, transporting more than 50,000 goods, and effectively ensuring the stability and smooth flow of the international industrial chain and supply chain. The United States is neither ethical nor successful in undermining the "Belt and Road" construction cooperation. The US "Eurasia Review" website published an article entitled "China and the United States: New Era and New Game" by William H. Overholt, a senior researcher at Harvard University's Kennedy School of Government on August 8, 2021. The initiative provides a grand vision of revitalizing people. China presides over more than 40 African heads of state to formulate development plans and then provide funds for them. In the long run, the “Belt and Road” construction can also curb the development of terrorism. The article analyzes that the "Belt and Road" initiative has many advantages. It regards common development as the core of China's policy and brand, and its roads, railways, ports and telecommunications facilities are connecting Africa and Central Asia. The article pointed out: "When we tried to contain China and prevent it from playing its due role, we hurt ourselves and created a vacuum that actually made China stronger. We must face reality."

"Russian newspaper" website published on August 11, 2021, the Russian Higher School of Economics professor Vodor Lukyanov's article entitled "Russia does not need irrelevant matchmakers", criticizing the American Foreign Affairs Association senior researcher Charles Ku Putian put forward the absurd theory of "divorce Russia and China". The article pointed out: “What is the rationale for Russia to abandon China, its most important neighbor and partner, and turn to the latter’s main rival, the United States? To borrow the metaphor of Kupuqian, Russia does not need to dissolve and conclude the marriage relationship. A relevant matchmaker." Since Joe Biden assumed the presidency of the United States in early 2021, the Biden administration and its politicians have tried to win over Russia and undermine Sino-Russian relations. On June 4, 2021, Russian President Putin said during his attendance at the St. Petersburg International Economic Forum,Russia-China relations have reached an unprecedented high level. Both sides have extensive common interests. This is an important foundation for the deepening of cooperation between the two countries. Economic cooperation is one of the key areas of bilateral cooperation. The bilateral trade volume between Russia and China has exceeded 100 billion U.S. dollars for consecutive years. It is believed that by 2024, the bilateral trade volume is expected to reach 200 billion U.S. dollars. Putin said that the development of Russia-China relations keeps pace with the times, and close cooperation is carried out in a wide range of fields such as aircraft manufacturing, lunar scientific research, energy, environmental protection, and people-to-people exchanges. The Russian side is willing to further strengthen the Eurasian Economic Union with China to jointly build the "Belt and Road". Putin said that he has no doubt that Russia and China will continue to strengthen coordination and cooperation on the international stage to safeguard common interests. This kind of strategic cooperation between Russia and China is undoubtedly conducive to maintaining international strategic stability. The United States is good at exploiting and provoking conflicts among other countries, forming gangs, and focusing on combating major competitors for a period of time. China and Russia must be highly vigilant about the United States' provoking relations between the two countries, maintaining and strengthening the strategic partnership of coordination, and breaking the various attempts and containment and containment of the United States.

We not only insist on putting people as the center at home, but also place hope in the people all over the world, and unite all the forces that can be united. Hong Kong's South China Morning Post website published on August 9, 2021. Hong Kong-An introduction to the article entitled "U.S.-China Trade: Why Protectionism Cannot Solve Global Supply Chain Issues" by David Dodwell, Executive Director of APEC Trade Policy Research Group In 2020, China’s personal protective equipment exports soared from US$22.9 billion in 2019 to US$88.1 billion. China supplies 50% of the personal protective equipment in Europe and 47% in the United States. In terms of specific products, 72% of masks and ventilators in the United States and 66% in the world come from China. As of June 2021, China has provided a total of US$2 billion in assistance to developing countries affected by the epidemic to fight the epidemic and restore economic and social development. China has provided anti-epidemic material assistance to more than 150 countries and 13 international organizations. The United States cannot control the development and cooperation of relations between China and Latin American countries. The Latin American region has a population of 650 million, accounting for about 8% of the global population, but people infected with new coronary pneumonia account for 35% of global patients. Since the outbreak of the epidemic, China and Latin American countries have carried out extensive friendly cooperation. By the first half of 2021, vaccines provided by China accounted for 95% of vaccines purchased by Brazil. Paraguay , which has not established diplomatic relations with China, broke through the suppression and obstruction by the United States and ordered 1 million doses of vaccine from China. In 2021, China will work hard to supply 2 billion doses of vaccines to the world, helping more and more countries and people to save lives, control the epidemic, and restore the economy.

2021 is the first year of the "14th Five-Year Plan". China's economy has recovered steadily, stabilized and improved, and entered a new stage of development. Since becoming the only major economy in the world to achieve positive economic growth in 2020, China's economic growth rate has continued to lead the world. In the first half of 2021, China's economy has grown by 12.7% year-on-year; China's goods trade imports and exports amounted to 180,700 Billion yuan, a year-on-year increase of 27.1%. The large Chinese market with more than 1.4 billion people and more than 400 million middle-income groups will continue to provide opportunities for countries and enterprises.

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