Scholars: The key to the Sino -US trade war lies in system differences and non -tariff

Dr. Huang Yuchuan, a senior researcher at the Asian Project of Carnegie International Peace Research Institute, pointed out that the key to the public's views, the key to the Sino -US trade war is not trade, but the differences between the differences between the political and economic systems of the two countries, but the differences between the political and economic systems.To solve the problem, further negotiations are required, not punitive tariffs.

Huang Yuchuan said on a closed -door lecture sponsored by the East Asia Research Institute of the National University of Singapore on Wednesday (12th). In an interview with Lianhe Morning Post that the United States is a highly developed economy, and China, who deal with it, considers himself a development of the economy.body.If you want a solution that both parties accept, it is impossible.

Trade deficit is not the synergy of the symptoms

Huang Yuchuan, who has been the director of the World Bank of China, has also emphasized that the United States requires China to reduce its trade surplus to the United States. It has also emphasized that the trade deficit is not the crux of the symptoms, and the trade deficit does not reflect the quality of a country's economic situation.

He believes that the US economy has performed well and has launched large -scale tax reforms, which may cause the US trade deficit to continue to expand, and both reasons have nothing to do with China.

He explained that trade is a multilateral issue. What needs to pay attention to is the total trade balance between a country and all countries in the world, not only focusing on a single national trade figures.For decades, the United States has been huge trade deficit with Asia Hellip; Hello; Since the production line is now transferred to China, the source of the trade deficit becomes China.

Huang Yuchuan agrees that they need to be discussed, but they need time to solve them.

He said that China has publicly promised that in most manufacturing areas, foreign capital entering will no longer need to set up a joint venture, such as Tesla has become China's first pure foreign car company, so forced technology transferThe problem will basically disappear to some extent.

Huang Yuchuan also takes the new foreign joint venture law adopted by China this year as an example. It is analyzed that the law is very broad and requires more detailed regulations and regulations to exert its functions and cannot immediately produce results.This means that in the next few years, there will always be the United States that China has not complied with its commitment. After all, this process involves many companies.As a result, in the current trade negotiations, the United States requires additional regulations to allow the United States to impose punitive tariffs on China when they believe that China fails to fulfill its commitments, and China ’s point of view is that they cannot guarantee that the entire process is perfect and no different pool.

Different economic systems need to be negotiated to reach an agreement

Huang Yuchuan said: This is one of the reasons for the break between the negotiations between the two parties.

For the Chinese government's subsidy measures for the industry, Huang Yuchuan pointed out that all governments provide subsidies in some form. China's problem lies in its large volume and the role of the government is heavier.The differences in the Chinese and Western economic systems also make this more complicated. He said: different economic systems will choose to issue subsidies in different forms.

As for the rise of China and whether China stole American intellectual property rights, Huang Yuchuan believes that if it is involved in theft, there should be specific examples and can be mentioned by the court.The problem is that some rules are not clear, and the rules are related to the economic system of China and the United States. Therefore, negotiations need to be negotiated to reach an agreement instead of seeking to solve the problem by punishing tax.

U.S. President Trump is expected to meet with Chinese Presidents during the Summit of the G20, which was held at the end of this month in the Summit of the 20th G20 (G20) summit ...Essence

Huang Yuchuan believes that China and the United States need to establish some rules and mechanisms, and the establishment of rules and mechanisms requires time. I don't think that the heads of state of the two countries can solve these problems.