三级aa视频在线观看-三级国产-三级国产精品一区二区-三级国产三级在线-三级国产在线

Global EditionASIA 中文雙語Fran?ais
China
Home / China / Expat's view

Keep free trade stand, nation urged

By Prime Sarmiento in Hong Kong | China Daily | Updated: 2019-03-09 13:56
Share
Share - WeChat
Manu Bhaskaran, CEO of Centennial Asia Advisors. [Photo/China Daily]

China holds key to countering growing global 'backlash', top economist says

China, a champion of globalization and multilateral trade, needs to continue to take the lead in countering the growing backlash against free trade, according to a top economist.

Manu Bhaskaran, CEO of Centennial Asia Advisors, a research and advisory company in Singapore, said: "China is one of the world's biggest exporters and importers. This is why it has an important role to play in global trade issues."

According to the World Trade Organization, China is the world's biggest exporter and second-biggest importer. In 2017, the country's exports accounted for nearly 13 percent of global trade, while its imports accounted for more than 10 percent.

"Bolder trade opening by China will contribute greatly to world trade," Bhaskaran said.

He welcomed the draft law on foreign investment being discussed at the current session of the National People's Congress, as it will further open up China's huge domestic market to foreign investors and other exporting countries.

China's advocacy of multilateral trade is crucial now that some countries are promoting unilateralism and trade protectionism, Bhaskaran said.

"The global backlash against trade opening has been a concern, and I fear that we will see more of this," he said.

The trade dispute between China and the United States, the world's two biggest economies, has dampened business confidence, curbed investment and slowed growth, especially in the more export-dependent countries, he added.

But Bhaskaran is optimistic that the future of global trade lies in multilateralism, despite challenges.

Containers carrying goods for export are seen in Qingdao Port, East China's Shandong province, on Oct 19, 2018. [Photo/VCG]

 

For one thing, the negotiations between the US and China will end the dispute and lead to a favorable deal, he said.

"The US and China appear likely to avert a trade war. This will clear up the immense uncertainty all over the world that has hurt business spending and slowed global growth."

More important, most countries will promote free trade and join international trade agreements, as studies have shown that trade has spurred growth in many developing economies worldwide, he said.

A report issued by the UN Economic and Social Commission for Asia and the Pacific last year showed that more-open trade has boosted the region's economies and lifted millions out of poverty.

Free trade pacts, such as the Regional Comprehensive Economic Partnership and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership - which took effect on Dec 30 - "will help contain the worst of the protectionist trend we are seeing", Bhaskaran said.

The RCEP, which is still being negotiated, is described as a mega free trade agreement that covers a wide range of issues including trade, investment, economic and technical cooperation and intellectual property protection.

It is led by the 10 member states of the Association of Southeast Asian Nations - Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam. The other RCEP members are ASEAN's six partners in other free trade agreements - Australia, China, India, Japan, South Korea and New Zealand.

These 16 countries account for about one-third of the world's GDP as well as almost one-third of trade flows.

Top
BACK TO THE TOP
English
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
 
主站蜘蛛池模板: 成人国产mv免费视频 | 国产成人精品福利色多多 | 一级做a毛片免费视频 | 91黄视频 | 亚洲区免费 | 亚洲国产精品一区二区三区在线观看 | 欧美成人禁片在线观看俄罗斯 | 91视频网| 在线精品视频成人网 | 成人免费视频网 | 99国产精品九九视频免费看 | 国产日韩一区二区三区在线播放 | 精品成人毛片一区二区视 | 国产二三区 | 香蕉视频在线免费播放 | 欧美护士激情第一欧美精品 | 亚洲精品专区一区二区三区 | 亚洲精品一区二区久久 | 91麻豆精品国产高清在线 | 欧美成人免费全网站大片 | 片免费观看网站视频 | 欧洲做视频在线观看 | 韩国一级毛片在线高清免费 | 被公侵犯肉体中文字幕一区二区 | 亚洲综合激情六月婷婷在线观看 | 成人午夜在线播放 | 亚洲一区二区精品推荐 | 日韩国产午夜一区二区三区 | 日韩中文字幕电影 | 国产精品第一区第27页 | 国产综合在线观看 | 99re热视频这里只有精品5 | 亚洲精品1区 | 国产主播福利一区二区 | 欧美一级成人影院免费的 | 一区二区三区视频在线观看 | 亚洲欧洲日产国码在线观看 | 天天看片网站 | 亚洲日本欧美综合在线一 | 午夜久草 | 最新国产在线 |