China’s and global economic reform from the perspective of SinoUS trade conflicts(PDF)
《长安大学学报（社科版）》[ISSN:1671-6248/CN:61-1391/C]
- Issue:
- 2019年05期
- Page:
- 10-20
- Research Field:
- 国际经济与贸易
- Publishing date:
Info
- Title:
- China’s and global economic reform from the perspective of SinoUS trade conflicts
- Author(s):
- GONG Xiuguo
- School of Economics，Sichuan University，Chengdu 610065，Sichuan，China
- Keywords:
- Sino-US trade; trade conflict; global economic pattern; emerging market; incumbent power; opening-up; high-quality development
- PACS:
- F752.7
- DOI:
- -
- Abstract:
- Since the comprehensive breakout of the “subprime crisis” in the US in 2008, the global economic pattern has undergone a transformation: US, Japan, EU and other western countries and regions have entered the plight of economic downturn, while emerging Asian markets such as China and India rose in a short period of time. China emerged rapidly as the second largest economy, the largest industrial producer and the largest trading nation of the world. Study holds that the Sino-US trade conflicts breaking out in 2018 not only symbolize a contest between the US and China in terms of economic strength and strategy, but also reflect three prominent issues of the world trade imbalance, the reversal of international capital flows and the competition forthe discourse power of global economy. This study also concludes that as the beneficiary and contributor of economic globalization as well as a rapidly growing emerging power, China should open up its domestic markets more actively and substantially, integrate “the Belt and Road” Initiative with the pilot free trade zones in China more profoundly by way of focused breakthrough and leading comprehensive growth by drawing upon the experience of key developments, maintain and promote more constructive dialogues with the US, Japan, EU and other western countries and regions as well as emerging market economies such as the BRICS, fully utilize the international cooperative platforms such as the G20 to jointly promote global economic governance especially reforms in WTO, and ensure a more coordinated, open, and sustainable development of the world economy.
Last Update: 2019-11-07