Zhang Minnan, chief researcher of the American and European Institute of China International Economic Exchange Center, pointed out that with the rise of the game of core competitiveness among the world's major powers, the protectionist color in the high-tech field will only become stronger and more frequent in the future. Sino-US trade conflicts are inevitable, which will force China to accelerate the layout of the high-end industrial chain.
In an interview with Reuters, she pointed out that the essence of Sino-US trade war is the industrial dispute, the high-tech dispute and the future dispute. On the surface, the United States is pursuing isolationism, but the core purpose is to reconstruct the global industrial chain and value chain, rebuild the new international economic order, and promote manufacturing, especially high-end manufacturing, to return to the United States.
As for the total number of people who say that the Chinese government wants to counteract, Zhang said that all counteractions are destructive. She believed that even if the future Sino-US trade conflict intensified, the Chinese government would still welcome American multinational companies to enter the Chinese market.
"Looking from the big trend, no matter between China and the United States, Europe, the United States and Japan, as well as between Central Europe and China and Japan, the game of core competitiveness among global powers is on the rise, the scope and depth of friction are on the rise, which is not transferred by human will." She said.
After the 2008 financial crisis, the global industry is restructuring, and each country is looking for its own position. Emerging economies, including China, can not always hover at the low end for a long time. They need to accelerate the pace of industrial upgrading and move to the high end of global value chains and industrial chains. "Such frictions may normalize in the future."
Zhang pointed out that the U.S. spearheaded China from the "trade imbalance" at the beginning to the "reciprocal trade" later, and then to the "structural problems" such as intellectual property protection and compulsory technology transfer. In the final analysis, the U.S. is to reconstruct the global value chain, industrial chain and global pattern, which is the long-term strategy of the United States.
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