To deal with international trade friction: industry should go out

China has entered a period of high incidence of international trade friction. Since the beginning of this year, the textile trade friction between China and the United States and Europe has gradually escalated, and the international trade friction is developing from the micro level with enterprises as the main body to the macro policy, system and system. In order to avoid friction, it is particularly important for the industry to enhance its competitiveness by going out.

In the more than three years since China joined the World Trade Organization, the domestic industrial crisis that China was worried about has not appeared. However, it cannot be denied that the deep-seated impact on the national economy after joining the WTO has begun to gradually appear. China has been the most anti-dumping investigation country in the world for ten consecutive years, this situation will continue in the next period, and there is a growing trend. The situation of international trade friction is also more complicated.

At present, the friction between us and the United States, Europe and even many developing countries in textile trade has intensified, which makes us have to seek new response policies. In my opinion, in addition to making full use of WTO rules, the fundamental way is to enhance the position and competitiveness of China's industry in the international division of labor.

Industry must come in and go out.

One of the most effective ways to deal with international trade frictions is to transfer part of the processing and production capacity to third countries to avoid trade frictions. The mode of participating in the international division of labor should be transformed from the introduction of foreign capital to the new idea of combining foreign capital with foreign investment. While undertaking the transfer of overseas high-end industries, part of my country's industries will be transferred abroad, including saturated industries with sharp international trade frictions, industries with declining competitive advantages due to rising labor costs, and industries with excess production capacity., Such as the textile industry, home appliance industry, etc.

Therefore, in the process of international industrial transfer, China should change from one-way to two-way transfer. Since the 21st century, industrial transfer has shown new characteristics, the international industrial structure has broken through the original single direct investment model, and cross-border corporate acquisitions and mergers have developed rapidly, and have increasingly become an important form of international industrial transfer. In order to win the advantage of global economic competition, developed countries have taken international industrial transfer as a means to carry out large-scale restructuring and upgrading, and the scale of industrial transfer has expanded rapidly, which has triggered a worldwide wave of industrial transfer. From the perspective of global industrial transfer, corporate mergers and acquisitions have increasingly become one of the most important forms. In the first half of this year, global mergers and acquisitions increased significantly, reaching 14,000 billion U.S. dollars, an increase of 39% over the same period last year.

China's enterprises to go out is often from the beginning of cross-border mergers and acquisitions. For example, TCL Group started with the acquisition of companies in Europe and the United States, and successfully realized a joint venture with Thomson with absolute control; Lenovo Group also acquired the global business of IBM's personal computers for US $1.26 billion, thus becoming the world's third largest PC manufacturer. Carrying out cross-border mergers and acquisitions is conducive to Chinese enterprises to better participate in the international division of labor and cooperation, the rapid establishment of overseas dominant position, is conducive to enterprises in the main market to establish a complete market structure, improve comparative advantage, accelerate the promotion of competitiveness.

Leveraging on multinational corporations

Transnational corporations are the main body of the new round of international industrial transfer. They control more than 50% of the international trade volume, more than 90% of overseas direct investment, more than 80% of the exclusive rights of new technologies and new processes, and 70% of international technology transfer. Multinational companies are increasingly becoming the main undertakers of international trade, international investment and international industrial transfer. They rely on strong capital, advanced technology and management advantages to implement global investment, carry out transnational, cross-regional and cross-industry production and operation, and promote the optimal allocation of global resources.

China needs to cultivate its own large enterprises as soon as possible, accelerate the adjustment of enterprise organizational structure through market integration and government promotion, form a group of large companies and enterprise groups with independent intellectual property rights, large scale, strong profitability and high management level in some important industries and fields, and gradually cultivate a number of China's own multinational companies to make them progress in industrial technology, optimize structure and industry layout, overseas investment and other aspects to play a leading role and the main force.

Our enterprises have relatively insufficient knowledge, experience and talents in this area. We must be good at learning, accelerate talent training, and make good use of the form of cross-border mergers and acquisitions to promote Chinese enterprises to go global and realize the transfer of some industries in our country. In the era of economic globalization, international competition is dominated by multinational companies and large enterprises. The future of China's economic development lies in multinational companies.