Posted Date: 13/07/2018
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Social commentary: Beauty turns over the clouds for the rain, let the world trade feel

On the second day after the publication of the tax collection list for China’s $200 billion product, the US representative in the WTO also questioned the legitimacy of China’s membership as a WTO member in a speech, claiming that it was time to liquidate the qualifications of China’s WTO members and demanded that the WTO The organization makes a change.

Washington has just severely trampled on the WTO rules and launched the largest trade war in the history of human economy. It has been widely believed that the WTO rules are not taken into account at all, and even speculated that it may withdraw from the WTO, but in a blink of an eye it also questioned China’s WTO members. Qualifications, the ability to turn over the clouds for the rain, the world is amazing.

Is China a qualified WTO member? The first is to see whether China has fulfilled its commitments at the time of accession to the WTO. The hardest part is whether China has reduced the average tariff to the level promised at the time of accession to the WTO. The fact is that China has not fulfilled its tax reduction commitments for all products by 2010, and the total tariff rate has dropped to 9.8%, which has exceeded the WTO's tax reduction requirements for developing countries, and the trade-weighted average tariffs have further declined by 2015. To 4.4%.

The second is to see whether China respects the authority of the WTO ruling. Since joining the WTO in 2001, China has been prosecuted 41 times, and the United States has been accused 80 times. China has an executive attitude toward all rulings. For example, for the WTO to rule that China needs to continue to export rare earths, China will reluctantly implement them. The United States, on many occasions refused to implement the WTO ruling, and was asked by other members to retaliate.

As China announced a new round of reform and opening up measures during the Boao Forum in April this year, China began to take the initiative to implement open indicators close to developed societies. China's overall attitude is to do its utmost to expand openness on the basis of ensuring the completion of its WTO commitments, keep up with the new situation of Sino-foreign trade and economic cooperation, and actively promote the freedom and fairness of international trade; instead of maliciously using the WTO to pursue its own interests. Maximize and refuse to fulfill the new responsibilities that China has given to the times.

The United States has actually not been interested in the real situation of China’s commitment to WTO accession. What it actually says is not what China has done, but what China should do according to the interests of the United States. Therefore, the United States has engaged in a trade war with China. It has not invoked the WTO rules. Instead, it has moved out of its "Article 301" and used its domestic laws to fight China.

Social commentary: Beauty turns over the clouds for the rain, let the world trade feel


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