The 2012 Caixin Summit was held in Beijing today. In the afternoon, scholars Ha Jiming and Yao Yang discussed China's foreign trade and economic development. At present, China's economy faces difficulties such as unstable external demand, rising costs, and obstruction of traditional export models. How to truly achieve the basic balance of foreign trade and achieve sustainable development of foreign trade has become a topic of common concern for scholars and entrepreneurs. In 2020, China may replace the United States as the largest importer of consumption, investment, and exports. The Chinese economy is troika, but China's export growth rate is currently slowing down significantly. Yao Yang, director of the China Center for Economic Research at Peking University, predicts that China's exports will return to a 10% growth rate in the next decade. After joining the WTO, China's exports have maintained an annual growth rate of around 29%, and have increased four-fold in seven or eight years, but Yao Yang believes that this is unsustainable. Yao Yang expects that exports will return to slower growth in the next decade, and the 10% growth rate will be the new normal. In the next decade, many factors at home and abroad will slow down exports. China's exports are mainly aimed at developed countries. After their demand declines, China's exports are unlikely to rise.
Yao Yang believes that China's recovery in the past two years has been a miracle, because other places are declining, we should not expect exports to return to 20% growth, this day has passed. For the future of China's exports and economy, Yao Yang said: "In the next decade, our country will undergo great changes. China will change from the so-called world factory to the world consumer market... By 2020, China's entire foreign trade structure will reverse. Turning, it will become a big importer in the world, and even replace the United States as the largest importer." Scholars call for China to play a more active role in the WTO . In the afternoon, Professor Rahman of the Lausanne International School of Management in Switzerland encouraged China to play a more active role in the WTO. character of. When he explained the global trade environment, he said that not only China, but also South Korea also experienced trade bottlenecks. Many European countries are nervous about the rise of China. Moreover, Europe, the United States, and Japan are still leading trade negotiations; plus trade protectionism, nationalism, etc., will affect the overall trade situation. Rahman therefore suggested that China can play a more active role in the work of the WTO. He said: "If China is not active, it is likely to make the trade bottleneck more serious." Unlike some scholars, Bennett, the chief economist of Aopu Global Investment, is more optimistic about the economy. He believes that the global economy The easing is over, the euro will not disappear; now Europe is undergoing economic consolidation, but the economy has not completely collapsed; the US situation may slowly improve. "The biggest opportunity is actually when people are most afraid," Bennett said. Bennett therefore encourages all Chinese companies to “go boldly go out†and expand their operations significantly. He said: "Everyone knows how powerful the Chinese economy is now. Don't underestimate other Asian economies. He also suggested that China should develop better brands and push products to the world stage. Bennett said "A lot of European companies, they think that defense should be carried out at this time; and for Asian countries, there are more opportunities... I strongly suggest that China should balance imports and exports, and it will bring you good service trade. If you have a good service, it will increase your competitiveness. â€
Yao Yang believes that China's recovery in the past two years has been a miracle, because other places are declining, we should not expect exports to return to 20% growth, this day has passed. For the future of China's exports and economy, Yao Yang said: "In the next decade, our country will undergo great changes. China will change from the so-called world factory to the world consumer market... By 2020, China's entire foreign trade structure will reverse. Turning, it will become a big importer in the world, and even replace the United States as the largest importer." Scholars call for China to play a more active role in the WTO . In the afternoon, Professor Rahman of the Lausanne International School of Management in Switzerland encouraged China to play a more active role in the WTO. character of. When he explained the global trade environment, he said that not only China, but also South Korea also experienced trade bottlenecks. Many European countries are nervous about the rise of China. Moreover, Europe, the United States, and Japan are still leading trade negotiations; plus trade protectionism, nationalism, etc., will affect the overall trade situation. Rahman therefore suggested that China can play a more active role in the work of the WTO. He said: "If China is not active, it is likely to make the trade bottleneck more serious." Unlike some scholars, Bennett, the chief economist of Aopu Global Investment, is more optimistic about the economy. He believes that the global economy The easing is over, the euro will not disappear; now Europe is undergoing economic consolidation, but the economy has not completely collapsed; the US situation may slowly improve. "The biggest opportunity is actually when people are most afraid," Bennett said. Bennett therefore encourages all Chinese companies to “go boldly go out†and expand their operations significantly. He said: "Everyone knows how powerful the Chinese economy is now. Don't underestimate other Asian economies. He also suggested that China should develop better brands and push products to the world stage. Bennett said "A lot of European companies, they think that defense should be carried out at this time; and for Asian countries, there are more opportunities... I strongly suggest that China should balance imports and exports, and it will bring you good service trade. If you have a good service, it will increase your competitiveness. â€
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