Global EditionASIA 中文双语Français
5de43d64a310fb3de82ea64e
2019-12 /03

Key promoter of sustainable trade and investment

21st Century Business Herald | Updated: 2019-12-03 00:00

Editor's Note: The Central Committee of the Communist Party of China and the State Council, China's Cabinet, recently co-issued a guiding document urging the country to accelerate the shift from openness based on the flow of goods and factors to openness based on rules and institutions. Such kind of shift is a basic requirement and institutional guarantee for the high-quality development of China's trade. 21st Century Business Herald comments:

 

World trade over the past few decades has been driven mainly by the global movement of capital and the use of cheap labor, which has meant that developing countries including China have to accept the rules set by the West and implement preferential policies toward the developed countries in order to attract investment from them. Such a factors flow-based trade model has brought development opportunities to developing countries and lifted their share of the global economy. However, it has also given rise to major problems such as the imbalanced distribution between capital and labor, and the widening gap between the rich and poor. At the same time, with the rise in labor costs, the factors flow-driven world trade is difficult to sustain, causing people to consider how to restructure world trade and investment rules.

Report cites rights progress in Tibet

Most Viewed

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