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China is not afraid of trade war. How does the Sino US trade war affect China?

Original title: China is not afraid of trade war and has many good brands

'China is not willing to fight a trade war. There are no winners. But China is not afraid of a trade war. "On March 25, Zhong Shan, Minister of Commerce of China, met with Paulson, chairman of the United States Paulson foundation and former Treasury Secretary at an invitation.

On March 22, U.S. President trump signed a memorandum to instruct relevant departments to take restrictive measures against China based on the 301 investigation report released by the U.S. trade representative office. The unilateral action of the United States has aroused widespread concern and discussion.

'the US China relationship is the most important bilateral relationship in this century. Only through us China cooperation can we promote global economic growth. 'if there are problems in the economic and trade fields, there will only be more trouble in other areas,' Mr. Paulson said.

Many insiders agree that economic and trade relations are the capstone and propeller of China US relations. If the two countries maintain the momentum of cooperation in the field of economy and trade, it will bring benefits to both countries and people around the world.

'Sino US trade relations are mutually beneficial and win-win. Since the establishment of diplomatic relations between China and the United States, the trade between the two countries has increased more than 230 times, which plays a very important role in increasing U.S. employment, reducing U.S. inflation and finding overseas markets. "Vice Minister of Commerce Wang Shouwen said at the 2018 annual meeting of the China Development Forum on the 25th.

In the eyes of the outside world, compared with the volume of China US economic and trade relations, some trade frictions are inevitable, and the key lies in how to deal with them. To many people's puzzlement, the US 301 investigation abandoned the common rules of WTO and chose unilateralism and trade protectionism.

'what the United States has done to China is not desirable and disappointing. 'in an interview with the 2018 annual meeting of China Development Forum, Amway President De middot Devis said that China and the United States may have different opinions in some economic fields, but the economic and trade relations between the two countries should not be severely damaged as a result, but should be resolved through dialogue. 'the importance of Sino US trade cannot be ignored, and fair and free trade in line with norms should be supported. '

Many people think that the recent investigations launched by the United States in the field of trade are clearly targeted. Wang said that, taking the 232 survey conducted by the United States on China's steel and aluminum products as an example, China's export of steel products to the United States accounts for less than 3% of U.S. imports. How can such a low proportion threaten U.S. national security? If the 232 survey is based on national security, why should so many countries be exempted? And the purpose of exemption is to obtain in other negotiations Better negotiating position. "We believe that the 232 investigation violates WTO rules, is not in the interests of the United States, nor is it in the interests of China. '

Many entrepreneurs and insiders are concerned about whether China will take corresponding actions against the aggressive measures of the US and whether there will be a trade war between China and the US in the near future?

'the US business community is an important force in supporting the development of us China relations and does not want a trade war between the US and China. 'said Paulson. 'we don't want to have a trade war', which also represents the 'voice of the market' of the vast business community.

In fact, China has repeatedly expressed its' unwillingness to fight a trade war 'attitude, because' there are no winners in a trade war '. Zhong said cooperation is the only right choice for China and the United States. Two way trade and investment between China and the United States can reach today's scale, proving the effectiveness of dialogue and cooperation between the two countries.

Of course, China does not want to fight a trade war, but it will never be afraid of it. 'under no circumstances will China sit back and see its legitimate rights and interests be harmed. We are fully prepared to resolutely safeguard our legitimate interests. "The statement made by the spokesman of the Ministry of commerce is very clear.

If the US side comes to the cliff and reinforces in time, China US economic and trade relations may be back on track. If the US side is determined to go on the wrong path of unilateralism, China is confident and capable of meeting any challenges.

'come and not be rude. Zhang Lianqi, managing partner of Ruihua accounting firm, said that if there is a trade war between China and the United States, China can choose to focus on accurate and effective counter attacks in the fields of agricultural products such as soybeans, corn and pork. Trump won the election largely on the support of agricultural states. China's targeting of tariffs on agricultural products has the effect of "pricking holes". By contrast, it is easy for China to find an import substitute.

'China's current attitude is more restrained, but it does not mean that there is no good card. Hu Yijian, Dean of the Institute of public policy and governance at Shanghai University of Finance and economics, believes that the extent to which the trade war will develop depends on which step the United States takes. There are many "cards" for China to fight back against this trade war. From soybeans to cars and airplanes, we can fight back with a combination of punches. These commodities are highly replaceable.

"For the trade war initiated by the US side, we are fully confident to take strong measures to fight back accurately. Dong ximiao, senior researcher of Chongyang Financial Research Institute of Renmin University of China, said that as the world's second largest economy, China can take more precise Countermeasures in addition to imposing tariffs on seven categories and 128 taxes on US imported products, so as to reach the "seven inch" of US economy and politics.