Economic Daily News

This year marks the 40th anniversary of the promotion of reform and opening up in mainland China. Since the Central Committee of the Communist Party of China established the reform and opening up route in December 1978, the introduction of a market economy system, and after rapid changes, the mainland has achieved great achievements in economic development.Last year, the leaders of the 19th National Congress of the Communist Party of China were based on deepening reform and opening up and established a second -stage and comprehensive national development layout to achieve China's comprehensive modernization and the great rejuvenation of the Chinese nation in this century.

However, on the avenue of reform and opening up, China has encountered unprecedented strong anti -winds. The US government released a national security strategic report in December last year, listed China as a strategic competitor, and severely accused China of economic aggression against the United States. From March this year,The Trump administration launched a wave of trade in China and tried to form an alliance with major industrial countries to strongly block China's rise and threatened the world's leading position.

Faced with the strong pressure of the US -China trade war, the road of mainland's economic development has been covered with thorns. Where do the reform and opening up go?It can be said to be the most severe test of the CCP authorities over the past 40 years.

The continuous expansion of the trade war will have a negative impact on the US, China and the global economy. However, China's economic development is highly dependent on foreign investment and exports to the United States.Waiting, it still relies heavily on the input of advanced technologies and key components. These structured weaknesses have made the mainland in a unfavorable position in the trade war.

The evaluation of most international organizations and professional institutions also pointed out that the impact of the trade war in mainland China will far exceed the United States, which is also one of the reasons why Trump's launch of a trade war.

In fact, the impact of the trade war on China is gradually fermenting, the economic growth of the mainland has begun to slow, the urban unemployment rate is rising, the pressure of prices is getting greater, the stock market has plummeted, and the RMB has continued to derogate.

The Beijing authorities have listed the stable economy as the primary key task; Chinese leaders have also repeatedly shouted. In terms of key technologies, China must be self -reliant. Last week, the leaders went south to Zhuhai, which lasted for nine years, connecting Hong Kong, Zhuhai,The meaning of cutting ribbons in the Hong Kong -Zhuhai -Macao Bridge in Macau, which is announced again for the reform and opening up policy, is self -evident.

Having said that, the reason why reform and opening up contributed to the rise of China is mainly because the market economy forces have released the long -term depressed mainland folk vitality, inspire the economy to flourish, and significantly improve people's income and living standards, and stabilize the foundation of the Communist Party's dictatorship.

However, it is not possible to say that while China's national strength has risen and shakes the world territory, the reform and opening up have stagnated, and even walking back. The core problem is the inverse flow of the Chinese authorities to over -intervene in the market and the retreat of the country and the retreat of the country.The key to Western industrial countries led by the United States attacking China is the key to adopting unfair trade measures.

Under the one -party dictatorship system, the Beijing authorities have created many giant state -owned enterprises with huge monopoly forces through various policy arrangements and government financial systems that support state -owned enterprises.Task.After the global financial tsunami in 2008, in addition to the huge investment in the economy, Beijing also encouraged state -owned enterprises to merge private enterprises, causing anti -reform phenomena for the retreat of the country and the people;

Among the top 500 Chinese enterprises in 2017, 274 were state -owned and state -owned controlling enterprises, accounting for 71.8%of the total operating income. In the past two years, there are nearly a thousand cases of state -owned enterprises' financial resources mergers and acquisitions.30 % of the listed company.Recently, there are even more specific people and government officials that advocate the discussion of the private economy that should exit, which has caused the panic that private enterprises will be eliminated. In the end, Li Keqiang, the leader of the leader and the Premier of the State Council, came forward to appease.

Faced with the increasingly upgraded trade war, if Beijing still adheres to national capitalism, which is the superiority of the so -called Chinese model, it will inevitably conflict with the core value of the Western market economy, and it is difficult to reach compromise with the United States.

Therefore, Beijing should completely change their thinking, carry out the reform of state -owned enterprises, and gradually release government equity. On the other hand, it is necessary to reform various systems that are not conducive to the development of private enterprises, especially the dual financial system to activate the development of civil sectors.It is the right way to deepen reform and opening up, and it is also the fundamental plan to resolve the US -China trade war.