Multi-sector responsible person responded to the market's high concern. The new round of tariff increase has controllable (Rui Caijing). On May 10, the US started to impose a 25% tariff on about 200 billion US dollars of Chinese exports to the United States. It has been nearly a month. . What impact will the new round of tariff increase have on the Chinese economy? How to deal with possible shocks? Recently, in response to topics such as agricultural products, manufacturing, foreign trade, foreign investment, and financial markets, which are highly concerned by the market, the responsible persons of various departments have made intensive voices. Regardless of whether it is from the macro economy or from the field of “the cusp”, the new round of tariff increase has control over the Chinese side. Focus on doing our own thing, continue to deepen reform, expand and open up, and the Chinese economy will be stable.
Wang Zhijun, deputy director of the Ministry of Industry and Information Technology, said that according to statistics, exports of US$200 billion to the US accounted for 41.8% of China’s exports to the United States in 2018, but only accounted for 8% of China’s total exports. Among the affected enterprises, the number of foreign-funded enterprises accounts for about 50%, many of which are American companies. "To a certain extent, the increase of tariffs will lead to increased business costs, reduced competitiveness and reduced orders, but at present the impact is generally controllable." Wang Zhijun said.
In fact, from January to April this year, the actual utilization of foreign capital in China's manufacturing industry increased by 11.4% year-on-year. Some companies, including Tesla and BASF, are increasing their investment in China. According to a recent survey conducted by the American Chamber of Commerce in China, only about 2% of US-owned companies plan to withdraw from the Chinese market. "Foreign-funded enterprises are paying more and more attention to the Chinese market. For foreign-funded enterprises rooted in China and facing the Chinese market, the impact of Sino-US trade frictions is limited." Vice Foreign Minister Wang Shouwen said. In the context of the United States' repeated tariff increase, China has also taken necessary counter-measures, and specific areas such as the import and export of agricultural products have received much attention. How do China's imported soybeans fill the gap? Where are the exported agricultural products sold?
Han Jun, deputy director of the Ministry of Agriculture and Rural Affairs, said that the loss of the Chinese market is unaffordable for American farmers. However, with the significant reduction in imports of US soybeans, China has the ability and confidence to protect domestically through rich policy instruments and diverse supply sources. Supply and demand balance. On the export side, the West does not shine in the East. Han Jun said that on the one hand, China continues to increase its efforts to develop the potential of traditional markets such as ASEAN, Japan, and the European Union. On the other hand, it strengthens trade and investment cooperation with the “Belt and Road” countries and actively explores emerging alternative markets.
The West does not shine in the East, and it is also true for business operations. Weng Jieming, deputy director of the State-owned Assets Supervision and Administration Commission of the State Council, said that after years of efforts, the central enterprises have cooperated with enterprises in more than 180 countries and regions around the world. It is believed that the effect of mutual benefit and win-win cooperation will continue to emerge and further expand the international development space of enterprises. Financial market stability and resilience In the context of economic and trade frictions, the performance of foreign exchange markets and stock markets has also received much attention. Can China's financial system respond to external shocks?
Looking at the RMB exchange rate, the market conditions are still stable. Liu Guoqiang, deputy governor of the People's Bank of China, said that the reaction of the exchange rate to market expectations is the internal logic of the market economy, and it is also the embodiment of the role of the exchange rate as an "automatic stabilizer" for macroeconomics and balance of payments. Although there are some occasional overshoots in the exchange rate, the market conditions are stable, and there is no “no accident”. Looking at the capital market, the degree of influence is controllable. The chairman of the China Securities Regulatory Commission, Yi Huiman, said that from the perspective of market operation during a period of time, the capital market has gradually digested and reflected the impact of Sino-US economic and trade frictions, indicating that the resilience of capital markets is increasing and the ability to resist risks is improving.
"Frankly, when the Sino-US economic and trade frictions just happened last year, everyone was not prepared enough. There was no bottom in the market. The financial market reacted excessively. The stock market and the foreign exchange market fluctuated greatly. But after more than a year, everyone looked at the problem. So serious, the actual impact on the economy is very limited.” Guo Shuqing, chairman of the China Insurance Regulatory Commission, said that so far this year’s financial market, whether it is stock market, bond market or foreign exchange market, is relatively stable, I believe that the impact will be smaller. .
Guo Shuqing said that in recent years, China has continued to deepen reform, expand and open up, improve corporate governance structure, optimize institutional systems, standardize market order, and prevent financial risks in key areas. The effect of financial chaos is obvious, the industry is running smoothly, and risks are generally controllable. Focus on doing your own thing"The most important thing to deal with Sino-US trade friction is to do your own thing." Many responsible persons said this. In terms of the real economy, Wang Zhijun said that in the next step, we will unswervingly push forward the supply-side structural reforms, promote the implementation of tax reduction and fee reduction measures, optimize the supply structure to guide the release of domestic demand growth potential, and accelerate the cultivation and expansion of new kinetic energy and quality enterprises. Achieve stable operation of the industrial economy and high-quality development of the manufacturing industry.
In the financial sector, Guo Shuqing said that the financial industry should continue to deepen the structural reform of the financial supply side and further improve the adaptability and flexibility of financial supply to the real economy. At the same time, we will continue to rectify the financial market chaos, prevent risks in promoting high-quality development, and ensure that the economy operates in a reasonable range. At the same time, China will unswervingly expand its openness. Take measures to promote the high-quality development of foreign trade. Wang Shouwen said that measures such as large-scale tax cuts and fee reductions to further increase the level of trade facilitation have brought benefits to foreign trade enterprises. This year, we will continue to accelerate the construction of the free trade zone, actively play the role of the FTA, support enterprises to develop diversified markets, and increase the import and export of goods and services on a larger scale.
Continue to relax market access and improve the business environment. Wang Shouwen said that a new negative list will be released before July 1 this year, and will continue to be compressed on the basis of 48 last year. Currently, the Catalogue of Encouraging Foreign Investment Industries is being formulated to expand the scope of foreign investment. In the future, a number of free trade pilot zones will be newly deployed to speed up the exploration of free trade port construction, promote the innovation and upgrading of state-level economic development zones, and provide a better investment platform for foreign-funded enterprises. In July 2018, after the research decision of the Autonomous Region Commission for Discipline Inspection, the supervision committee of the Hohhot Municipal Commission for Discipline Inspection conducted a case investigation and investigation on the serious violation of the law by Miao Yingchun, the stationmaster of the Inner Mongolia Radio and Television Station in the central part of the station. Since then, Miao Yingchun has been suspected of organizing leaders to participate in the organization of the underworld, suspected of corruption, bribery, bribery, intentional injury, illegal possession of firearms and ammunition, false accusations, falsification of state organs, documents, seals and other violations of laws and regulations. .
Since 1999, Miao Yingchun and his family members have resorted to false construction and bribery to open the way. They have successively undertaken a number of construction projects of a local state-owned enterprise. At the same time, they used family ties and cooperative management as the link to take illegal means for real estate development. Huge wealth. It has dozens of suites and many luxury cars in Beijing, Hainan Sanya and Inner Mongolia Hohhot and Wulanchabu. Miao Yingchun used the identity of a reporter to threaten local enterprises in the name of supervision, forcing enterprises to advertise to them to obtain advertising fee commissions; to coerce local officials on the grounds of reporting negative information, to ask them to pursue the project funds, and to collect the number 100,000 yuan benefit fee.
Miao Yingchun set up a central reporter station office in a self-built private house, and used the reporter station as a “private territory”. The family also possessed guns and ammunition in the house, and illegally hired social idlers and former criminals to work for and act as a thug, taking instructions and hitting hands. In order to take advantage of the threats of guns and other means, he urged his friends to make accounts and seek benefits. Miao Yingchun illegally raised a number of large dogs in the nursing home. From 2016 to 2017, many residents were bitten by the dogs they raised. Miao Yingchun not only refused to treat, but also refused to pay the medical expenses of the victims. In July 2018, when the organization took measures against it, Miao Yingchun refused to open the door and burned the relevant evidence. Miao Yingchun also falsified his personal files, and there was a common record in the 2nd year of elementary school.
Miao Yingchun abused the right to supervise the media and used the methods of “shooting”, “interviewing” and “exposure” to harass the work order of the government and the traffic police department, organize and plan many illegal acts, and draw the main leaders of a certain enterprise by means of huge bribes. Facilitating the development of real estate in the name of state-owned enterprises; using emotional investment and multiple bribery to bring their superiors into the water, providing shelter for their abuse of journalist's power; and wooing friends who are police officers to help their crimes, illegal intervention and Intervene in judicial activities, use the false accusation method to send neighbors into prison; use stealing GPS tracking, instructing the thugs to intentionally hurt the colleagues and so on.
In March 2019, through the research and decision of the Inner Mongolia Radio and Television Party Committee meeting, Miao Yingchun was expelled from the party and dismissed from public office. The suspected crimes and clues were transferred to the judicial organs for legal action.
A "senior" journalist with many years of party membership has crossed the boundaries of party discipline and state law, abused the right to press and interview and the power of public opinion supervision, seriously violated party discipline, and was suspected of multiple illegal acts. Pushing it to the abyss of sin, waiting for Miao Yingchun will be the severe punishment of the law and the trial of justice. June 1st is International Children's Day, but on this day, many Chinese students who went to the United States not long ago to have a "children" holiday, were particularly troubled: they were asked to fill out a new one when applying for a US student visa. Form, the form is forced to fill in a personal social media account. Many people pointed out that "this is a violation of personal privacy", "too much!"
First, the visa applicant "everyone has passed the customs" later reported in the media that the new request for this visa application was issued by the US State Department on May 31, not only for Chinese citizens, but for "most US visas." applicant". The US State Department did announce this news on May 31, but it did not require "most" US visa applicants to provide social media account information, but in fact required "all" US visa applicants to provide such information.
Foreigners entering the United States can only be exempted from a large number of visa-free national citizens, including two countries and regions that are completely exempt from visas - Canada and British Bermuda, and 90 countries and regions that are conditionally exempt from visas for 90 days. VWP is a US visa-free program that allows citizens of a particular country to travel to the United States for up to 90 days for travel or business needs without prior visa application.
In the list of VWPs, there are 30 countries in Europe, 5 in Asia, 1 in South America, and 2 in Oceania. VWP nationals are still required to provide this information for more than 90 days in the United States. This means that “as long as you apply for a US visa, you must provide a social media account.” As for those who can not provide, the “important” is because they do not need to apply for a visa at all.
The French media "20 Minutes" revealed that four days after the request came out, the Frenchman applied for a US visa on the same day. If it is an e-visa, temporarily "providing a social media account" or "multiple choice"; if it is a face-to-face, it becomes a "Required questions." In most countries, especially those without VWP, all are “required questions”. Going to the United States to provide social media accounts, Europeans can not stand it. Second, Europe's Tucao has long been "spoken into porridge" In fact, this is not news, but Trump's policy of trying to launch in less than a year. .
As early as the end of 2017, this policy was disclosed; in March 2018, the US Department of Homeland Security officially submitted a draft of social media account information requesting visa applicants to the United States, including all social accounts, registration names and passwords. Personal phone number and email address, and must be provided as long as they have been used in the past 5 years. These items are “required” on the sample of the new visa application form displayed on the US Department of State and Immigration official website. Visa applicants can also choose to fill in “None”, but the warning on the form is first – “If the investigation is a lie, the consequences are at your own risk”.
This policy has generated strong repercussions in the United States and abroad - of course, including Europe. Compared with other countries, Europeans are actually less inconvenienced by the new US regulations. After all, 30 of the 38 VWP countries are in Europe. The problem is that Europeans have paid special attention to personal privacy. The "glorious tradition" of "sneak peek" on the personal information of Europeans after the "Prism Gate" is even more horrified by snakes for ten years, so the noise is the earliest. The reaction is also very large.
Many European netizens said on the Internet that "the United States must seek terrorists on its own to ensure security. Don't go through with ordinary foreigners all day long." There are people who vomit "Do you want to see if you can see it? Why do you want to make such a toss?" People"...etc., and so on, similar to the spit has long been "salted into a porridge." In fact, Europeans are so "quiet" and related to a grievance: Many European countries have long given US citizens visa-free access, generally in accordance with international practice "visit treatment equal", the United States should also reciprocate.
But in reality, the United States has only given a 90-day VWP. Now, with the new rules, even the VWPs are "faded", and they don't complain. 3. What is the number of people affected by the new regulations? The US State Department’s statement stated that the reason for adopting the measure was “national security” and “the first in the United States” and stated that “this would better protect US citizens and encourage foreigners to enter the United States legally”. From 2017 to 2018, when the US government proposed this measure, the reason given was "preventing the entry of terrorists", but the effect of this move has been controversial.
Many people pointed out that real terrorists will deliberately conceal their intentions, and they will be able to come up with many measures to circumvent this "dead card". Originally, ordinary foreigners who want to study, travel or travel, but have more troubles. And uncomfortable because of personal privacy violations. What is the number of people affected by the new regulations? According to US State Department data, in recent years, an average of 15 million foreigners have entered the United States for various reasons and need to apply for a visa. They will be troubled to varying degrees, almost without exception.
Not only that, but many people are worried that the result of this measure will become "looking out for those who are dissatisfied with the United States and shutting it out" - whether or not these dissatisfaction is within the normal or legal scope, it is just a spit "Americans do not "Keeping food" still threatens "I want to blow up the White House." Perhaps because the summer vacation and the new school year are approaching, the Chinese people have reacted particularly strongly to this new US regulation, but this is only a concentrated effect. In other places, such as Europe, there is a lot of spit. And these feedbacks and Tucao are undoubtedly a "mirror" to observe the new US regulations.