By Zhang Xiaoji, DRC

2017-03-14

Presently de-globalization and trade protectionism are rearing their ugly heads. Facts show that the U.S. and some European countries have adopted relevant market protection measures relating to their trade investment policies. In addition, during the new round of WTO negotiations, developing countries have raised the demand for a more favorable trade environment whereas it is challenged by some major developed countries. They put forward the idea of establishing TPP and TIPP and as a result, most of the developing countries are ruled out.

To promote a new-type globalization, China needs to explore various ways to enable more countries to enjoy benefits and make full use of multilateral, regional and bilateral cooperation mechanisms to flesh out a more solid international cooperation mechanism. In China, not all the people can get equal benefits from globalization drive, but in the process of pushing forward globalization, China needs to ensure that more and more people could share the benefits resulting from globalization, including its cooperative partners, people in inland areas and more industries, which will endow globalization with new connotations.

Import also plays a major part in propelling economic growth. In the past, China used to rely on export to provide employment opportunities, but things have become quite different now. Import plays an important role in resource allocation optimization, efficiency promotion, consumption mode upgrading and the improvement of people’s life quality. The optimization of import and export will both be beneficial to economic development. China’s service trade has registered a chronic deficit, and it cannot be changed in the short run. With the vigorous development of Internet economy, China’s producers can have more direct exchanges with foreign consumers, which will create more opportunities for domestic enterprises and narrow the gap between China and the developed countries in terms of brand building and market sales.