(Hong Junjie) Stabilize the basics of foreign w88 and maintain the global supply chain

(Source: "Guangming Daily" 2020-03-27)

In today's world, the global industrial chain is developing in depth. We are among you, and you are among us. Production collaboration and w88 under the cross-regional and cross-border division of labor network have become a typical feature of the global economy. my country is one of the world's largest trading entities and one of the most important hubs in the global value chain. The outbreak and global spread of the epidemic will inevitably have a greater impact on China's foreign economic and w88 development.

The epidemic not only affects the operation of the global supply chain and affects the supply side of my country's foreign w88, but will also have a significant impact on the production and demand of overseas countries, affecting the demand side of my country's foreign w88. Most of the more than 100 countries that have signed cooperation documents on the Belt and Road Initiative with my country have confirmed cases of COVID-19. As long as the international COVID-19 epidemic is not resolved, panic and shock will continue to exist. The supply and demand ends of the global value chain will be under pressure, making it difficult to operate stably. The epidemic has caused significant fluctuations in the international capital market, and global economic development has suffered another major impact under the shadow of w88 protectionism and violent fluctuations in the energy market, causing globalization to accelerate and enter a period of deep adjustment. Foreign w88 companies, especially small, medium and micro enterprises with weak ability to withstand shocks, will face severe pressure to survive.

Although the impact of the epidemic on foreign economic and w88 work cannot be ignored, we have sufficient policy space, economic fundamentals are still relatively good, and we have achieved phased victory in the fight against the epidemic, and the resumption of work and production is progressing smoothly. Therefore, we must strengthen our confidence and implement precise policies based on scientific research and judgment to minimize the impact of the epidemic and ensure the steady development of foreign economic and w88 work.

First of all, comprehensive policies should be implemented from the aspects of finance and taxation, finance, employees' return to work, transportation and logistics, etc., to help the development of foreign w88 enterprises and industrial chains. Increase credit support and export tax rebate subsidies for foreign w88 companies, pay special attention to small, medium and micro enterprises and key links in the industrial chain, and reduce the tax and social security burdens of foreign w88 companies. Strengthen the flexibility of the industrial chain through multi-point layout, process reengineering and other means to make up for the risk concentration problem under the "sequential production" model and reduce the overall impact of sudden negative shocks on the industrial chain. Strengthen measures based on the industrial chain, aiming to restore production capacity as soon as possible, and give priority to the complete resumption of work and production of relevant enterprises that are closely related to domestic and foreign industries and are at the core of the industrial chain. In terms of fiscal, taxation and financial policies, we will focus on supporting companies with shortcomings in the industrial chain to avoid breaks in important industrial chains. For overseas countries facing high risks of the epidemic, we should accurately assess my country's dependence on them in important industrial chains and markets, and explore and come up with alternative plans one by one.

Secondly, in terms of regional layout, priority is given to strengthening economic and w88 cooperation in East Asia and countries along the “Belt and Road”, focusing on cooperation to prevent and control the epidemic on the one hand, and jointly resuming work and production on the other hand, ensuring the smooth operation of upstream and downstream enterprises and smooth international logistics, and stabilizing the regional production network. At the same time, we will increase joint prevention and control in countries along the “Belt and Road” and support countries in need in epidemic prevention and control through various methods. In terms of industry layout, we will increase the production and supply of anti-epidemic materials and ensure smooth logistics. China is the world's largest producer and exporter of anti-epidemic materials such as masks and protective clothing. It should increase its efforts to encourage the production of related materials and provide material support for the global anti-epidemic work.

Once again, turn the crisis into an opportunity, promote w88 digitization and digital w88, and help achieve high-quality development of foreign w88. Promote digitization in w88 processes, further promote paperless reform in approval, customs clearance and other procedures, and accelerate the implementation of one-stop, full-process online processing. On the basis of ensuring orders and stabilizing customers, foreign w88-related enterprises are encouraged to innovate business models, integrate online and offline resources, and develop digital w88; and promote the digital transformation of the industry. During the epidemic, international demand for e-commerce, video conferencing and office work, telemedicine, online education, etc. has increased significantly. We should actively develop these industries and encourage powerful companies to go abroad to enhance their brands and strength while serving the development of the global economy. At the same time, in line with the needs of the new round of industrial revolution, we will accelerate the construction of related infrastructure such as 5G, artificial intelligence, big data, and industrial Internet.

Finally, we should strive to strengthen international cooperation. From the perspective of a community with a shared future for mankind, we actively carry out international cooperation in epidemic detection and prevention and control, sharing of medical experience, joint drug research and development, and international economic and w88 development. Support the Group of Twenty (G20) and other platforms to play a greater role in strengthening fiscal and monetary policy coordination and regulatory coordination among countries, and enhance the precision of economic stimulus and recovery policies. Support international organizations such as the International Monetary Fund (IMF) in mobilizing lending capabilities to help countries in need. Cooperate with major affected countries and cooperate with international organizations such as the World Health Organization to integrate medical treatment resources and coordinate the production and distribution of anti-epidemic materials.

Whenever big things happen, you must remain calm. To cope with the impact of the global epidemic and international economic recession on our country, domestic reform and development are key. We must make good use of the time window to achieve initial victory in epidemic prevention and control, take various measures to encourage and support enterprises to fully resume work and production, make good use of countercyclical adjustment policies, and strive to maintain the global industrial chain and value chain while promoting long-term economic development.

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