The rapid growth of Asian economies and their rising share of the global economy give rise to a prevailing view that the global economic center is moving eastward. At least over the next decade, however, Asia is unlik...The rapid growth of Asian economies and their rising share of the global economy give rise to a prevailing view that the global economic center is moving eastward. At least over the next decade, however, Asia is unlikely to become the global economic center. There are multiple reasons .for this. First, insufficient demands from end consumers will make it difficult to reduce Asian economies＇ reliance on other markets for exports. Second, Asian economies＇ continued growth will be constrained both by insufficient innovation and by future global climate change regulations. Because of international labor division, moreover, it will be increasingly difficult to achieve leapfrog development. Third, there are several obstacles to building an integrated Asian market： these will prevent Asian economies .from shaping a common ground regarding international affairs. If Asian countries are unable to make breakthroughs in these three areas, the global economic system may exhibit asymmetrical ＂dual centers＂, i.e, a global manufacturing center in Asia and a global financial center in Europe and America.展开更多
In history,economic globalization has usually been an important opportunity for development.Those who seize this opportunity can surpass slower moving economies.America and Germany in late 19th century,Japan and the A...In history,economic globalization has usually been an important opportunity for development.Those who seize this opportunity can surpass slower moving economies.America and Germany in late 19th century,Japan and the Asian Tigers in the mid-twentieth century and China and India since the 1990s have all seized the opportunity.However,the financial crisis has changed the strategies of the superpower game.For instance,America has adopted quantitative easing and export expansion as short-term policy,is promoting re-industrialization,re-innovation,and re-employment as medium-term policy,and seeks to build high-standard free trade areas with developed entities,planning for investment and service trade liberalization as well as competitive neutrality in the long run.This will change the nature of the multilateral agreement of economic globalization,and lead to exclusive regionalization,protectionist localization,and political,economic and military conglomeration,and ultimately marginalize many developing countries.How China reacts to the changing global structure is of great importance.Is economic globalization still an important opportunity?Will China be a responsible great power or be marginalized?Should China seek all-out confrontation or open up and cooperate?These are the choices China faces.The“Drawing Sword”strategy decided at the Third Plenary Session of 18th CPC Central Committee is a strategy to transcend the zero-sum game and to seize important opportunities for development.It will turn the challenges of a global high-standard free trade area and the changing structure into a strong driving force for a new round of high-level liberalization,high-standard reform,and high-quality development,so as to make China a responsible and open country with high income and large trade volume.展开更多
The 21st century has carried the international trade governance system into a period of accelerated reshaping.The reform has been fueled by many factors including the requirement of the in-depth development of global ...The 21st century has carried the international trade governance system into a period of accelerated reshaping.The reform has been fueled by many factors including the requirement of the in-depth development of global value chains for cross-border institutional coordination,the requirement of the form of digital economy for new digital rules,and the requirement of the dominant countries under the traditional international trade governance system for the maintenance of their own interests.The reform of international trade governance system has driven China to adjust itself to external pressures while creating opportunities for the country to deepen the reform and join international trade governance.China as a beneficiary and firm supporter of economic globalization has rapidly grown from a marginal participator in economic globalization into a builder and contributor of the governance of the international trading system.It plays an active part in the reform of international trading system and the construction of a community of shared future for mankind by means of the making of rules,the reshaping of rules,the adjustment of rules,and the adaptation to rules.In addition,the critical measures for China to cope with the changes of globalization also consist in its deepened domestic reform,proactive opening-up,facilitated alignment with domestic and international rules,and an institutional environment suitable for the new situation of a"dual circulation"development pattern.展开更多
文摘The rapid growth of Asian economies and their rising share of the global economy give rise to a prevailing view that the global economic center is moving eastward. At least over the next decade, however, Asia is unlikely to become the global economic center. There are multiple reasons .for this. First, insufficient demands from end consumers will make it difficult to reduce Asian economies＇ reliance on other markets for exports. Second, Asian economies＇ continued growth will be constrained both by insufficient innovation and by future global climate change regulations. Because of international labor division, moreover, it will be increasingly difficult to achieve leapfrog development. Third, there are several obstacles to building an integrated Asian market： these will prevent Asian economies .from shaping a common ground regarding international affairs. If Asian countries are unable to make breakthroughs in these three areas, the global economic system may exhibit asymmetrical ＂dual centers＂, i.e, a global manufacturing center in Asia and a global financial center in Europe and America.
文摘In history,economic globalization has usually been an important opportunity for development.Those who seize this opportunity can surpass slower moving economies.America and Germany in late 19th century,Japan and the Asian Tigers in the mid-twentieth century and China and India since the 1990s have all seized the opportunity.However,the financial crisis has changed the strategies of the superpower game.For instance,America has adopted quantitative easing and export expansion as short-term policy,is promoting re-industrialization,re-innovation,and re-employment as medium-term policy,and seeks to build high-standard free trade areas with developed entities,planning for investment and service trade liberalization as well as competitive neutrality in the long run.This will change the nature of the multilateral agreement of economic globalization,and lead to exclusive regionalization,protectionist localization,and political,economic and military conglomeration,and ultimately marginalize many developing countries.How China reacts to the changing global structure is of great importance.Is economic globalization still an important opportunity?Will China be a responsible great power or be marginalized?Should China seek all-out confrontation or open up and cooperate?These are the choices China faces.The“Drawing Sword”strategy decided at the Third Plenary Session of 18th CPC Central Committee is a strategy to transcend the zero-sum game and to seize important opportunities for development.It will turn the challenges of a global high-standard free trade area and the changing structure into a strong driving force for a new round of high-level liberalization,high-standard reform,and high-quality development,so as to make China a responsible and open country with high income and large trade volume.
文摘The 21st century has carried the international trade governance system into a period of accelerated reshaping.The reform has been fueled by many factors including the requirement of the in-depth development of global value chains for cross-border institutional coordination,the requirement of the form of digital economy for new digital rules,and the requirement of the dominant countries under the traditional international trade governance system for the maintenance of their own interests.The reform of international trade governance system has driven China to adjust itself to external pressures while creating opportunities for the country to deepen the reform and join international trade governance.China as a beneficiary and firm supporter of economic globalization has rapidly grown from a marginal participator in economic globalization into a builder and contributor of the governance of the international trading system.It plays an active part in the reform of international trading system and the construction of a community of shared future for mankind by means of the making of rules,the reshaping of rules,the adjustment of rules,and the adaptation to rules.In addition,the critical measures for China to cope with the changes of globalization also consist in its deepened domestic reform,proactive opening-up,facilitated alignment with domestic and international rules,and an institutional environment suitable for the new situation of a"dual circulation"development pattern.
