Zhou Xiaochuan: No Tariff Arrangement Should Hinder Trade

Referring to the border tax (BAT) promoted by the Trump government of the United States, Zhou Xiaochuan, President of the People's Bank of China, said at the plenary meeting of the 2017 annual meeting of the Boao Forum for Asia today that any tariff arrangement should support trade, not hinder trade. If the government restricts the import and export at any end, it will not produce good output.

"We don't know yet (USA Border tax The final decision, but I think any tariff arrangement should support trade rather than hinder trade, "Zhou Xiaochuan said." We clearly realize that if we want to encourage exports, we should let exporters freely choose imported raw materials and technologies. If there are restrictions on imports, how can we form price competitiveness? "

"The government's restrictions on imports and exports at any end cannot produce good output." Zhou Xiaochuan cited China as an example. In the past, China's video and audio electronic equipment exports were better because China has a better Import tariff Manufacturers can use good imported materials.

"Some countries believe that unemployment is caused by globalization and can be protected when the door is closed. From the perspective of economics, if policies (means) are adopted to support one field, it is necessary to economic resources Get this field. This redistribution of resources itself is problematic, and this is an area where human discrimination has been removed from resources. "

"If you have an advantage in the high-tech field, but you allocate resources in the advantageous field to the manufacturing industry to protect the work, this cannot be said well or bad, but from the perspective of economic theory, it is worth arguing." In the face of profound changes in the world's political and economic pattern, China will always stand on the side of peace and stability, on the side of fairness and justice, and be a builder of world peace Contributors to global development and defenders of the international order.

China adheres to an independent foreign policy of peace, unswervingly follows the path of peaceful development, promotes the construction of a new type of international relations with win-win cooperation at the core, and builds a community with a shared future for mankind. China is willing to develop friendly and cooperative relations with all countries on the basis of the five principles of peaceful coexistence.

China adheres to the neighboring diplomatic concept of amity, sincerity, mutual benefit and inclusiveness, deepens connectivity and friendly cooperation with neighboring countries, and strives to create a surrounding environment of good neighborliness, mutual trust and common development. China is ready to work with other countries in the world, including Asian countries, to make new contributions to the cause of peace and development of mankind.

In the autumn of 2013, President Xi Jinping put forward the "Belt and Road" initiative with the aspiration of promoting the common development of all countries in the world. The construction of the "Belt and Road" adheres to the principle of mutual consultation, construction and sharing, complementary advantages, mutual benefit and win-win results, cooperative development, and benefit the people.

Over the past three years, more than 100 countries and international organizations have actively responded to and supported China. More than 40 countries and international organizations have signed cooperation agreements with China to strengthen connectivity, industrial cooperation, and financial support. A number of major projects have been implemented, driving economic development, creating a large number of jobs, improving people's well-being, and obtaining initial gains.

In May this year, China will hold the "Belt and Road" International Cooperation Summit Forum in Beijing to discuss cooperation plans, jointly build cooperation platforms, share cooperation achievements, find solutions to the problems facing the world and regional economy, inject new energy into the realization of interconnected development, and make the "Belt and Road" construction better benefit the people of all countries.

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