(Source: Economic Half Hour 2025-4-17)

[Editor's Note] The United States has made "repeated leaps" in its w88 policy and wielded the tariff stick wantonly. This series of unregulated measures is like a boulder thrown into a calm lake, causing huge waves in the world economy and throwing the global economic market into turmoil. Our country's foreign w88 industry is facing unprecedented challenges. Faced with the high tariff barriers erected by the United States, how should our foreign w88 companies respond? Where does the resilience of China’s foreign w88 come from?President Zhao Zhongxiu of the w88 casino is a guest on "Economic Half Hour", let’s explore the confidence and resilience behind China’s foreign w88 industry. Let’s take a look together.

Host: The stationery industry in Ningbo, Zhejiang Province has the confidence to “not only survive, but also live better”. This kind of confidence is profound. In your opinion, is this kind of self-confidence a common norm among our companies, especially foreign w88 companies?

Zhao Zhongxiu:After working hard in the international market for many years, these companies are very competitive. This includes manufacturing capabilities, corporate R&D capabilities, etc. Their products are constantly upgraded and iterated, so foreign customers' trust and dependence on Chinese products and Chinese manufacturing are actually increasing. The sudden high tariffs have indeed caused short-term difficulties to relatively concentrated markets and enterprises, and even caused business to temporarily halt. However, if enterprises take precautions and implement diversified strategies early, then the east will not shine and the west will shine, and risks can be turned into opportunities.

Moderator:On the morning of April 14, the General Administration of Customs once said this when introducing the import and export situation in the first quarter of this year: my country's exports are indeed facing a complex and severe external situation, but the sky will not fall. Where do you think the inspiration for this sentence comes from?

Zhao Zhongxiu:Throughout the first quarter, China's foreign w88 export performance was very good, which truly reflects China's position in the global production system. China is no longer the so-called processing plant or manufacturing center in the past. We are now an important level in the global production system. China's share of global industrial manufacturing actually accounts for more than one-third, so in a sense, the world's production system is inseparable from China. So this is our confidence to deal with the impact of tariffs and the w88 war.

Host: Cixi’s home appliances have begun to go overseas in groups. This is an innovation in the overseas strategy. At the same time, from the product side, there is another innovation, that is, a small air conditioner can speak seven languages. Of all these practices, if we put them in our current context, which aspects do you think are worthy of our attention?

Zhao Zhongxiu:From the production side, this is a typical smart manufacturing. It is not a simple small household appliance product in the past, but a product that already contains human-computer dialogue functions. It can use seven languages, so its market will be huge and cost-effective, so it will be very popular in the market.

Host: This kind of innovation by enterprises is actually a normal state for manufacturing enterprises, no matter what kind of environmental changes they face. So in the current w88 war initiated by the United States, in your judgment, how will it develop in the future? Will withdrawal suddenly happen in the future, or will it become the norm?

Zhao Zhongxiu:Because no one has ever encountered such high tariffs, it actually undermines the multilateral trading system that has been in operation for more than 70 years, causing short-term and huge damage to the business environment and business channels that everyone was familiar with in the past. This high tariff is actually a prohibitive tariff, which makes w88 impossible, so many companies have no choice but to press the pause button. Of course, this is a so-called "art of the deal" in the United States. He exerted extreme pressure to set a high price and bargained by forcing his counterparties to compromise in order to achieve what he wanted: one was to collect tariff revenue, and the other was the so-called "w88 balance." However, history has proven that this is impossible, so the United States is also under pressure. Our exports to the United States are indeed temporarily affected, but at the same time, how long can the existing stocks in the United States last? Do you want to prepare new goods now? The inventory cycle is limited. After three months, if the market supply is insufficient, causing domestic prices to skyrocket, will consumers be able to bear it? This has put a certain amount of pressure on the next step of negotiations. So I think in a three- to six-month time frame, we'll be able to see the final results. This cannot be stabilized by the high price coerced by the United States.

Host: This uncertainty actually has a huge impact on enterprises.

Zhao Zhongxiu:Yes, it should be adjusted in time, otherwise, it may become a victim of the tariff war.

Host: As you said, the normalization of w88 wars has actually made our foreign w88 companies more and more discerning and able to respond quickly. In the face of US tariff suppression, many companies have chosen to build overseas factories in Southeast Asia and other places to avoid risks. Do you think this approach can really avoid risks?

Zhao Zhongxiu:This approach is actually an optimization of the supply chain process, which can avoid single market risks to a certain extent and at the same time ensure the economic security of our country. We need to keep high-end links, including the constantly improving R&D links, in China, which is a reflection of our competitiveness; at the same time, we move mature links overseas, taking advantage of the good local business environment and local labor force, which can reduce the overall manufacturing cost. Furthermore, we market this product to the global market, including the local market in Southeast Asia and other markets. We can also go to the US market in a roundabout way, and even sell it back to China. We used to be accustomed to "both ends are out" but now it may actually be "both ends are in". Parts and high-end technologies are provided domestically and processed abroad. Finally, some products are sold back to China. This is the future trend.

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