Three East Asian economies unite to fight the epidemic: China is like glue

category:Finance
 Three East Asian economies unite to fight the epidemic: China is like glue


I believe that all enterprises that see the sales data and the number of confirmed patients in the epidemic situation, as long as they have normal thinking, will choose to actively explore the Chinese market with limited resources. Cui said.

Beijing consumption season activities continue. The picture shows Beijing citizens watching a giant puppet show in Wangjing Street on the evening of August 8. Shen Jizhong

With the steady recovery of domestic demand in China, Chinas manufacturing industry has been growing at the fastest speed in recent ten years. Caixins purchasing managers index (PMI) of Chinas manufacturing industry rose to 52.8 in July from 51.2 in June, which was the highest growth rate in nine and a half years.

It is reported that with the recovery of Chinas manufacturing industry, the degree of economic contraction of some major economies in Asia is also alleviating - Japan and South Koreas manufacturing industry is shrinking at a relatively slow speed, and the pressure on manufacturers is easing. Manufacturing activity in the Philippines and Vietnam fell in July, while the contraction in Indias manufacturing sector intensified.

With the epidemic still enveloping the world and a new round of economic and trade disputes between Japan and South Korea continue, more people believe that China is playing an increasingly important role in promoting economic and trade cooperation between China, Japan and South Korea and boosting regional economic development.

Face to face consultation between China and South Korea: the first time since the outbreak

In addition to the above cosmetics enterprises, Dongfeng Yueda Kia, as a joint venture established in China by Kia automobile, the second largest automobile brand in South Korea, held a new model release activity of all new K5 during the Chengdu auto show held in July this year.

Kim taenyan, chairman of the Korea Automobile Industry Association, told the first finance and economics reporter that the Chengdu auto show, as the first auto exhibition activity restarted among major countries in the world, is an important evidence that Chinas market has taken the lead in getting rid of the negative impact of the epidemic. Korean car brands continue to enlarge the recruitment in Chengdu auto show, which is a high degree of recognition and recognition of Chinas anti epidemic achievements and market.

As the largest local department store chain in Japan, Takashima department store entered the Chinese market in December 2012 and opened its first store in Gubei District of Shanghai.

In an interview with first finance and other media, Shigeru Komori, chairman of Shanghai Takashima house, said that with China taking the lead in getting rid of the epidemic, more Japanese enterprises have found Takashima house and hope to enter the Chinese market with them. Takashima house will actively participate in the Expo, introduce more Japanese products to China, and assume the role and function of bridge.

On August 1, the 24th Meeting of the China ROK joint economic and Trade Commission was held in Qingdao, Shandong Province. Since novel coronavirus pneumonia outbreak, this is the first time that the Chinese government and the foreign party have met face-to-face in the inter governmental economic and trade cooperation mechanism conference.

On August 3, Wang Wenbin, spokesman of the Chinese foreign ministry, said at a regular press conference of the Ministry of foreign affairs that since the outbreak of the epidemic, China and South Korea have taken the lead in joint prevention and control and established a fast track, which has set an example of international cooperation in combating epidemic diseases. It has sent a clear and positive signal to the outside world that China and South Korea firmly develop bilateral economic and trade relations, and at the same time, it has restored regional and even global economic and trade cooperation And development have an important demonstration role.

In response, Professor Li Guoxian of the school of political science and economics of Korea Korea Korea University told the first finance and economics reporter that the meeting is worthy of attention, not only because it is the first meeting on the mechanism of intergovernmental offline cooperation since the epidemic, but also because the achievements it has reached cover all levels, including both institutional safeguards and specific measures.

According to the incomplete statistics of Korea Institute of modern economics, by April 2020 (the epidemic situation of both sides has stabilized), the value of protective materials donated by the governments, non-governmental organizations and enterprises of China and South Korea exceeds 30 billion won (about 180 million yuan), ranking first in the global scale of bilateral assistance, and has formed a dual channel pattern of government and private, becoming a global regional anti epidemic cooperation A model for making.

Students from the world round primary school in Seoul, South Korea, are tested for body temperature when they return to school. Information map of Xinhua News Agency

At the same time, the fast track established by China and South Korea for business personnel is also constantly improving. On July 26, 21 entrepreneurs from 16 venture capital enterprises of Kaa visited Heilongjiang Province for investigation. This is the first time that Chinese local government has opened fast track for overseas small and medium-sized entrepreneurs and held an offline Investment Fair.

According to the Chinese Embassy in South Korea, by the end of July, more than 1000 people from China and South Korea had enjoyed the convenience of fast track. The Korea Institute of modern economics believes that the fast track for business personnel established by China, South Korea and China and Japan (being promoted) will not only make the personnel flow more smooth between the business personnel of the two countries, but also promote the economic and trade strategies of China, Japan and South Korea closer together.

The normalization of personnel exchanges between China and South Korea is not only driven by market factors, but also related to Chinas epidemic prevention and control efforts.

On August 9, the central disaster safety response headquarters of South Korea announced that the entry restrictions and visa restrictions for Hubei Province of China would be lifted from August 10. Earlier, South Korea has announced that China, Vietnam, Cambodia and other three countries are low-risk countries. This is the first time that the South Korean government has lifted the entry restrictions for specific areas since the outbreak of the epidemic, and it is also one of the first countries in the world to lift the entry restrictions on Chinese citizens.

Demand forces group heating

It is worth noting that since the outbreak of the epidemic, the three East Asian countries have not only become a global model in the aspect of mutual donation of protective materials, but also have achieved positive results in the construction of cooperation mechanism.

China and South Korea one belt, one road initiative and the New South new North policy of Korea and China jointly formulated the joint plan of China South Korea economic and trade cooperation (2021 - 2025), promoting the second stage negotiation between China and South Korea FTA, pushing forward the agreement on RCEP (regional comprehensive economic partnership) and Promoting Sino Japan ROK FTA negotiations. And other key institutional safeguards.

In June, novel coronavirus pneumonia and ASEAN (China, Japan and South Korea) held a special video conference in June. The ministers of trade, trade and investment between China, Japan and Korea agreed to win the year to achieve 10+3, strengthen trade and investment facilitation, and promote cross-border trade and investment development.

However, the economic and trade disputes between Japan and South Korea have intensified recently.

In June this year, South Korea again filed a complaint with the WTO on Japans export restrictions on key industrial materials, because Tokyo has yet to respond to South Koreas call for the lifting of the export restrictions imposed a year ago. On July 29, the WTO dispute settlement body announced that it had agreed to set up an expert group to investigate the dispute over export control of chip materials between Japan and South Korea, and Japan and South Korea once accused each other of damaging the dialogue.

On July 31, UNIQLO, a Japanese clothing brand, decided to close nine stores in South Korea in August, taking into account the changing trend of the retail industry, the spread of the epidemic and the tense relations between South Korea and Japan.

On August 4, the Korean court issued an order to detain its assets in South Korea against the case of forced labor claim in World War II, which came into effect on the same day. In this regard, Japans iron 7 formally filed an appeal.

However, Japan ROK relations are not without opportunities for improvement.

Shen Jung Shuo, chief representative of Korea trade association in Shanghai, said that from the current trend, the dispute between the two countries may fall into a long-term situation. However, in the face of the huge Chinese market, both South Korea and Japan have strong complementarity, and highly praised Chinas measures to continuously promote economic and trade cooperation among China, Japan and South Korea.

Li Guoxian also pointed out that it is South Korea, China, South Korea, Japan and China and Japan that have strong complementary market factors at the level of economic and trade exchanges, which makes the top level of the three countries constantly shelve contradictions and frictions and promote the interaction and cooperation among the three parties. To a certain extent, China is becoming the leader and promoter of the tripartite cooperation between China, Japan and the ROK.

The electronic clock of the countdown to the Tokyo Paralympic Games was taken at the square in front of Tokyo Station on August 3. Shen Jizhong

This view has also been recognized by Japanese experts. Osaka Oshima, a professor and columnist at Kyoto University in Japan, has always been a first finance reporter. Although Japan, China and South Korea have performed relatively well under the epidemic situation, they are difficult to be independent. Therefore, although Japan and South Korea will continue to have disagreements on semiconductor competition, there is still room for strategic docking and cooperation against the background of consumption upgrading in Chinas market. In an interview with first finance and economics reporter, Wan Xiangjun, director of China Economic and information research center, also pointed out that todays Chinese enterprises have come to a time to seriously face the issue of globalization, and China and Japan and South Korea have a strong economic complementarity. According to the consensus reached by the leaders of the three countries, the three countries will start to promote the construction of the China Japan South Korea Free Trade Zone in the next step. Among the major developed economies, Japan and South Korea are the only two countries that have not signed a free trade agreement. Both Li and Oshima agreed that the dual institutional guarantee of RCEP and the China Japan South Korea free trade zone may provide opportunities and opportunities for Japan and South Korea to resolve mutual distrust, and jointly promote regional and even global regional cooperation. Source of this article: Guo Chenqi, editor in charge of first finance and Economics_ NBJ9931

This view has also been recognized by Japanese experts. Osaka Oshima, a professor and columnist at Kyoto University in Japan, has always been a first finance reporter. Although Japan, China and South Korea have performed relatively well under the epidemic situation, they are difficult to be independent. Therefore, although Japan and South Korea will continue to have disagreements on semiconductor competition, there is still room for strategic docking and cooperation against the background of consumption upgrading in Chinas market.

In an interview with first finance and economics reporter, Wan Xiangjun, director of China Economic and information research center, also pointed out that todays Chinese enterprises have come to a time to seriously face the issue of globalization, and China and Japan and South Korea have a strong economic complementarity.