(Shanghai Comprehensive News) 37 Sino -American economists and jurists, including five Nobel Prize winners, jointly published an initiative to call on the two countries to adopt a compromise plan in trade negotiations to retain their respective policy space.Differential decomposition, incorporation of more detailed and easier grasping bilateral discussions.
Comprehensive economic observation newspapers, Reuters and other media reports, the Sino -US economic and trade policy team jointly initiated the day before yesterday (27th) at the Sino -US trade consultation mechanism seminar held in Shanghai New York University.
The initiative pointed out that Sino -US economic and trade relations have shown a worry -free inflection point, and China and the United States are limited in the framework that is not the other: China either implements economic reforms in an all -round way to make the economic model the same as Europe and the United States.Essence
The initiative proposes four basket frameworks, saying that this is the third eclectic road outside the two choices.The framework is classified into one of the four baskets according to the policy of a country's policy to foreseeable damage to other countries, and proposes a corresponding negotiation and policy response strategy.
The prohibited baskets include a policy that will severely distort the global market and even cause global economic losses, including such as neighbors as a gully and to obtain a monopoly interest.
Bilateral negotiations and coordination baskets refer to the influential countries that can promote the abandonment or reduction of the policy to the policy implementation of the policy through interest exchanges to reduce their own losses.
The domestic adjustment basket refers to the impact of the influential countries to form a win -win situation through the exchange of interests. It is necessary to adjust the impact of policies on the domestic market by adjusting the domestic policy.
The multilateral governance basket refers to the economic damage to the economy of the country's implementation of the country to multiple countries. It must start international rules and multilateral mechanisms to control the situation.
Refers to the four basket frameworks provide greater freedom of the two countries
The initiative believes that this framework puts the first place in China and the United States' policy space, giving the two countries a greater degree of freedom in formulating various industrial policies, scientific and technological systems, and social standards.China can continue to implement industrial and development policies, and the United States can continue to protect its employment market and technology system.
This initiative was completed by a joint working group composed of 10 Chinese auxiliary scholars in its personal name.The convener was Danny Middot; Rodrik, Rodrik, and Yao Yang, executive vice president of New York University, Yao Yang, executive vice president of New York University.
Five Nobel Prize winners who signed the initiative are Eric Middot; Maskin, Robert Middot; Engel, Edmond Middot; Phils, Middot; Spencer, Joseph Middot; StickGreez.In addition, Lin Yifu and Kokosk Middot; Basu's two former chief economists of World Bank also signed an initiative.
Sino -US trade negotiations have recently made progress. The two parties announced last Friday (25th) that some of the texts of the first stage of trade agreement have been basically completed.The Office of the US Trade Representative also stated that President Trump and President of China ... I hope to sign the first phase of the agreement at the Chilean summit next month.
