Policy advisers urge Beijing to remain open and focus on restoring investor confidence as China braces for further geopolitical tensions this year on the back of U.S. and European Union elections. I’m looking for it.
“The uncertainty caused by [US] The election is a risk for China-US relations. “If the Republican Party returns to the White House in 2025, China needs to prepare in advance to deal with new challenges,” Zhang said on the Hong Kong-based Chinese-run online forum “China・U.S. Focus said in a blog post published Thursday. American Exchange Foundation.
Policy advisers at China’s Peking University and Tsinghua University have urged Beijing to take a “rational” approach in managing competition with the United States in 2024, when elections will be held around the world.
China steps up national security research amid ‘unprecedented’ external threat
China steps up national security research amid ‘unprecedented’ external threat
Their recommendations also maintain the market’s attractiveness for global investors and restore investor confidence to counter the pressures of risk aversion by Western countries led by the US and increasing geopolitical complexity. This was done in the midst of the Chinese government’s efforts to
Beijing’s tightening grip on national security and policy incoherence have also sent chills down the spines of investors and businessmen, while fueling concerns about whether Beijing will be able to maintain strong economic growth this year. There is.
Yao Yang, professor and dean of the National Institute for Development Studies and director of the Center for China Economic Research at Peking University, said China should discourage competition with the United States and instead engage in direct dialogue with the United States to discuss new rules and policies. He said no. It changes.
The Chinese government considers U.S. tariffs and technology restrictions on Chinese products to be “unilateral bullying” and “unjust oppression,” and the U.S. has criticized “unfair” trade practices and “economic coercion” that cost U.S. jobs. ” criticized China.
“We should see Western countries as equals,” Yao said in an interview with NetEase News last month, urging both sides to refrain from blaming and playing a blame game, and instead seek a deeper understanding of each other. He added that we should try.
He also noted that the U.S. industrial base is already being hollowed out, which refers to the deterioration in U.S. manufacturing that has occurred over several years as producers increasingly choose lower-cost facilities overseas. ing.
“How can we compete? [with China]?The United States clearly made a strategic mistake,” Yao said.
Yao later wrote in a blog post on Jan. 12 that China needs more than just a few policy documents to restore investor confidence as competition with the U.S. intensifies. . Such challenges require strengthening the economy and cultivating more demand, Yao said.
“In my opinion, there’s no need to be so nervous.” [about competing with the US]. “China doesn’t necessarily have to be the best in the world at everything,” Yao said in a blog post published by the Economist 50 Forum, a Beijing-based think tank.
President Xi Jinping lays out plan to make China a ‘financial superpower’, warns of risks
President Xi Jinping lays out plan to make China a ‘financial superpower’, warns of risks
A report released earlier this month by Tsinghua University also advised the Chinese government to avoid responding to political candidates who take a “hostile” stance toward China.
The Chinese government also needs to demonstrate a long-term commitment to supporting the private sector with concrete “actions” to restore confidence in domestic businesses, a Tsinghua report said on January 8. Ta.
“pragmatism [in China] It is unlikely to come back, with only 22 percent of respondents expecting such a change,” Merricks said.
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