China'S Foreign Trade Reshaped Its Right To Speak

With China's macro-economic restructuring and structural adjustment, foreign trade has entered the "new normal" of scale growth and slow growth.

It is undeniable that the era of heroes in terms of foreign trade growth has passed.

Whether the objective reality is forced or subjective will seek to reform, China's foreign trade needs to be upgraded and improved, and the new competitive advantage of the international market can be reconstructed by shaping the global industrial chain.

In 2014, the number of overseas M & A pactions in mainland China increased sharply, with a growth rate of over 1/3, a record high.

According to PWC's 2014 review of China's regional mergers and acquisitions and the 2015 look ahead, PWC's overseas M & A pactions amounted to US $56 billion 900 million in 2014 and the number of mergers and acquisitions reached 272.

So what is the most profound significance of Chinese enterprises going abroad? The experts' opinions are striking: in a global way, we should optimize and integrate the factors according to the productivity and resource endowments of different countries and regions, and build the global industrial chain dominated by me.

At present, the international market is still weak, which is the time when the original international industrial chain was loose.

Moreover, the strategy of "one belt and one road" is progressing step by step.

History provides a golden opportunity for Chinese enterprises to reconstruct the international industrial chain.

The new round of pformation and upgrading of foreign trade is to achieve the independent control of the core value of the global trade industry chain.

To solve this problem, we need to eliminate backward enterprises through market mechanism, and the government should promote and guide the development of basic and generic technologies more actively.

We should provide appropriate help to promote the accumulation of technology and talents, and foster a comprehensive competitive advantage with technology, brand, quality and service as the core to realize the upgrading and upgrading of the whole industry.

Looking at the world, the current governance structure of international economic and trade is undergoing major changes.

The developed countries led by the United States began to exert force and reconstruct the new rules of Global trade, which made WTO lose the advantage of multilateral negotiations.

Developed countries, led by the United States, have tried to exclude emerging developing powers such as China from outside WTO, and launched negotiations such as TPP, TTIP and TISA. They focus on new trade and investment issues in twenty-first Century, trying to reshape the rules of international trade in order to continue to dominate the international trade.

Some analysts believe that once the free trade agreement is reached between the United States and Europe, and the leading position that the United States can hardly shake in the financial field, it will consolidate not only the global trade system based on the US and European paradigm, but also suppress the behavior space of the emerging economy that dominates the global trading system. If the US and Europe succeed in building a "high financial and trade frontier" against China, coupled with the technology locking in the high technology field, China's status in the global top-level value chain will hardly be substantially improved.

For China, it has reached the critical moment to lead foreign trade rules and strive for foreign trade dominance.

Our focus should not only remain on the international market share, but should actively participate in the world's foreign trade.

Reshaping.

China's foreign trade

The rise of product value chain, the dual role of "world factory" and "super large scale market", the diversification of import and export market, and the extension and remodeling of industrial chain brought by foreign investment.

These are undoubtedly the strong bargaining chips and game fundamentals for China's foreign trade dominance.

But at the same time, we need to further improve our own basic supporting conditions no matter what way we can strive for foreign trade dominance.

First of all, we need to take a more proactive attitude to understand and promote opening up.

As the second largest economy, the largest exporter and the third largest foreign investor in the world, we can not hitch a ride. We must win our own development space by opening up and relying on our own strength.

Secondly, in the existing global economic governance mechanism, as a global power with global interests, we must have the right to speak in international organizations and take the initiative to strive for the right to speak.

China should still attach great importance to the role of WTO, the world bank and the International Monetary Fund.

At the same time, this does not exclude the space for China to seek incremental reform.

The establishment or initiatives of the Asian infrastructure investment bank and BRICs development bank can complement and promote the existing mechanisms.

China's actively promoted free trade area strategy, especially the "one belt and one road" initiative, is also an incremental improvement of the current international trade system, and also provides new development ideas for the new normal economy.

In addition, in the face of the "rule advantage" of developed economies such as the United States, China must speed up the pace of negotiations in the free trade area.