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2020 Economic Summit ︱ Chen Maobo: Sino-US differences are not easily resolved, Hong Kong must integrate into national development

2021-02-01T05:13:39.931Z


The US Biden administration took office last month, making the world wait and see whether Sino-US relations, which have become tense in the past three years, will ease. The Financial Secretary, Chen Maobo, today (February 1) at the "Hong Kong 01" 2020 Economic Summit Forum in video format


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Written by: Lin Jian

2021-02-01 13:02

Last update date: 2021-02-01 13:02

The US Biden administration took office last month, making the world wait and see whether Sino-US relations, which have become tense in the past three years, will ease.

The Financial Secretary, Chen Maobo, delivered a video today (February 1) at the "Hong Kong 01" 2020 Economic Summit Forum.

He said that the United States is uneasy about China's peaceful rise and challenging its leading position in the world. It has been a long-standing thing to contain China by all means. Therefore, even if the US government changes, it is expected that the differences between the two countries will not be easily resolved.

He believes that Hong Kong must grasp its own advantages and integrate into the overall situation of national development in order to achieve substantial economic development in the face of major changes.

After the Biden administration takes office, whether Sino-US relations will ease has become an international focus.

(Profile picture)

Emphasize that Hong Kong needs to use its own advantages to deal with the international environment

Chen Maobo said that in the past few years, Sino-US relations have deteriorated. On the one hand, there are personal factors of former President Trump, but it also reveals the deep-seated differences and contradictions between the two countries.

He pointed out that the United States sees China as a major challenge, and it is not a new thing that began when Trump came to power. His predecessor, President Obama, has proposed a "return to the Asia-Pacific" diplomatic strategy, and even promoted the establishment of the "Trans-Pacific Partnership Agreement" (TPP). And so on, all aim to target and contain China's long-term development.

Chen Maobo quoted many foreign studies in recent months and pointed out that although China and the United States still have a gap in their overall strength, given the differences in the performance of China and the United States in responding to the new crown pneumonia epidemic, China's economic aggregate may be ahead of time by 2028. United States.

He believes that the ever-closer strength between China and the United States is bound to be a continuing trend in the future. The United States feels unpleasant or even upset because of its international leadership and economic leading position being approached, and as a result, there has been a containment of China’s peaceful rise. Will continue to exist.

Chen Maobo pointed out that it remains to be seen what attitude and policy measures the new U.S. government will ultimately adopt. However, many new U.S. cabinet officials still regard China as the main challenge in their speeches recently. It can be estimated that the relationship between China and the U.S. will remain in the future. Full of differences that are not easy to resolve, complex and changeable.

Citing President Xi Jinping’s speech at the World Economic Forum last week, Chen Maobo pointed out that to solve the world’s intricate problems, the way out is to maintain multilateralism and adhere to openness and tolerance. China will continue to implement a mutually beneficial and win-win opening strategy and support economic globalization. Resolutely implement the basic national policy of opening to the outside world, and hope to inject more impetus into the recovery and growth of the world economy by strengthening international cooperation.

At the local level in Hong Kong, Chen Maobo emphasized that Hong Kong needs to formulate plans and adjust its positioning to respond to possible suppression measures taken by the United States in the future, and continue to play its unique role and role in the national development strategy, especially in finance, technology and trade. Crisis is opportunity.

In terms of trade, Chen Maobo specifically pointed out that the United States has repeatedly targeted Hong Kong in trade in the past year, such as removing Hong Kong’s preferential treatment, increasing tariffs, and labeling the origin of local products. However, in fact every year, Hong Kong manufactures and exports to the United States. Goods only account for less than 2% of the local manufacturing industry, and the value of goods accounted for less than 0.1% of Hong Kong’s total exports. The importance of Hong Kong and the United States in trade in goods has been declining in recent years. ASEAN has long replaced the United States as Hong Kong’s more important trading partner. .

Chen Maobo pointed out that the national "14th Five-Year Plan" outlines the establishment of a new development pattern in which the domestic and international "dual cycles" mutually promote each other. In addition to actively participating in the domestic cycle, Hong Kong must also enhance itself as a two-way gateway to the mainland and international markets. The role of a bridge is to use the global business network to provide professional, business and high value-added services to the country. The development of the Guangdong-Hong Kong-Macao Greater Bay Area is the best entry point for Hong Kong to deduct into the national dual cycle.

He pointed out that as long as Hong Kong continues to consolidate and give full play to its advantages, grasp the national development strategy, and flexibly use its advantages with other cities in the region and the mainland, and complement and promote it, Hong Kong will surely develop rapidly.

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Source: hk1

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