China: Facing International Economic Friction

Author: Liu Li
Publisher:
Publish Date: 2004-06-01
Features: China: Facing International Economic Friction is a specialized work by the Ministry of Foreign Affairs that explores the issue of China's economic friction with foreign countries. This book summarizes the current characteristics of China's economic friction with foreign countries, provides an in-depth analysis of the reasons behind the escalating economic friction, and systematically proposes countermeasures to resolve it. The book argues that in recent years, China has faced a series of international economic frictions, entering a high-incidence period of such conflicts. How to resolve China's economic friction with foreign countries has become a major challenge in the process of China's economic rise. The reasons for the frequent occurrence of China's economic friction with foreign countries are complex, and it is not appropriate to place all the blame on others.
In terms of external factors, the main reasons are the lingering effects of trade protectionism and the amplification of the "China threat theory." In terms of internal factors, the primary reasons are the rapid growth of China's exports and some structural defects during the process of economic development and transformation. The purpose of analyzing the problem is to solve it, so resolving China's economic friction with foreign countries is the focus of this book.
The book points out that to effectively resolve China's economic friction with foreign countries, it is first necessary to maintain an objective and calm attitude. This means fully recognizing the severity of the problem and giving it due attention, while avoiding blind exaggeration or raising the issue to an unnecessary level. In terms of specific countermeasures to resolve China's economic friction with foreign countries, the book proposes the following measures: adjusting the strategy, system, and policies of economic development to eliminate internal factors that trigger economic friction with foreign countries; actively participating in the formulation and improvement of international economic rules to promote trade liberalization in other countries; establishing a corporate response system to international economic friction; and fully utilizing the WTO dispute settlement mechanism to create a "last line of defense" against international economic friction.