On October 8th, local time, at the China Investment and Australian Forum jointly organized by Caixin Media and the Australian Forum, the business community, intellectuals and government officials from China Australia and the Australian forum jointly organized by Sydney.In -depth discussions on issues such as China's reform and opening up and relations between China and Australia.
Regarding the current potential impact of Sino -US trade friction on Sino -Australian trade, the Secretary -General of the Australian Ministry of Finance, Gatzers, said that the Sino -US trade war has not yet constituted a practical downward risk.
Gatzers believes that the total trade volume involved in the current Sino -US tariff policies accounts for 2%of the total global trade.But so far, these tariff measures have not yet affected the global macroeconomics.At the same time, he said that the Australian government will continue to pay attention to the strike effect of Sino -US trade dispute over corporate confidence, but there is no evidence in this regard.
However, in the same forum, Australian scholars have the opposite view and expressed concern about the long -term impact of Sino -US trade conflict.Shiro Armstrong, director of East Asia East Asian Economic Research Bureau, pointed out that Trump's tariff measures are also accompanied by restrictions on Chinese investment, which has widened scope and has constituted a systemic threat to the world.
The head of the East Asia Forum of Anu Crowford Public Policy School, Peter Drysdale, threw this question: Whether the Trump administration's tariffs such as tariffs will promote China to accelerate its domestic market -justFor example, the United States forced Canada to open its dairy industry?In response, Amsterland responded that if the U.S.'s ultimate purpose is here, in order to open several industries in the Chinese economy, the entire system is in danger, the risk is quite high.
Hu Shuli, the founder and president of Caixin Media attending the forum, added that China ’s driving force for reform and opening up may not be in external factors.I believe that China will continue to build a market economy because China has no other choices.
She said that she understands many concerns about the pace of China's reform and opening up.Reform and opening up has never been easy, and its resistance includes vested interests, inherent ideology, institutional settings, and so on.Therefore, the process of reform and opening up may be longer than expected by the outside world. China takes longer to understand the external world's views on it.
But the reform did not turn back. Hu Shuli believed that in the context of Sino -US trade friction, China will implement more substantial reforms (although the reform is accompanied by the price, the cost of not reform will be higher.On the other hand, Hu Shuli said that Sino -US trade friction also created opportunities for China to expand cooperation with other countries, such as Sino -Australian economic and trade exchanges.
Deresdell further proposed that since China -US trade friction covers multiple fields such as trade and investment, does this represent the differences between China and the United States, rooted in the differences between the two countries and even the differences in civilization?Will Australia be closer to the United States because of this?
In this regard, Armstrong said that Australia should not choose which country to stand with, but should choose to stand on the same side as international rules.He said that since China has made a commitment to the WTO rules, Australia complies with and strengthen these rules in line with Australia's own interests.
For example, both Australia and China have joined the Investment Facilition Group.The setting of the group aims to provide a multilateral cooperation framework for the investment facilitation of members of the WTO.These rules and guidelines are what we should implement.■
