无码少妇一区二区三区免费,妓院一钑片免看黄大片,国语自产视频在线,亚洲AV成人无码国产一区二区,激情久久综合精品久久人妻,日韩免费毛片,综合成人亚洲网友偷自拍,国内自拍视频在线观看,欧美熟妇性xxxx交潮喷,国产成人精品一区二免费网站

Commentary: Innovation wand works better than protectionist stick

Source: Xinhua| 2018-01-26 21:53:21|Editor: Xiang Bo
Video PlayerClose

by Xinhua Writers Wang Haiqing, Liang Junqian

BEIJING, Jan. 26 (Xinhua) -- Just as political and business leaders worldwide streamed to the Swiss resort of Davos to explore ways of tackling global challenges, free trade took a hit.

In an overt act of protectionism, the United States slapped steep tariffs on imports of washers as well as solar cells and modules earlier this week, resorting for the first time since 2001 to the so-called Section 201, an outdated tool under the Trade Act of 1974.

That was just the latest in a string of cases where Washington wielded the protectionist stick. In the past few weeks, the U.S. government blocked the acquisition of a U.S. payment company by an affiliate of Alibaba Group, and forced telecom company AT&T to scrap a plan to offer its customers Huawei handsets.

Such moves smell of U.S. President Donald Trump's signature self-centered "America First" policy. But if they were intended to protect U.S. interests, they would not work, just as painkillers are not cures.

Domestically, the hefty tariff on solar products, as U.S. industry analysts and pundits have pointed out, "will hit U.S. workers and consumers hard" and leave "almost everyone unhappy."

The U.S. Solar Energy Industries Association has predicted that the hike could cut solar installations this year by nearly 20 percent and lead to the loss of 23,000 jobs in the United States.

It might also "trigger a tsunami of new requests for trade barriers under this Section 201 law" and result in higher consumer prices and fewer purchases, thus imposing costs on the U.S. economy, said Chad Bown, a trade expert at the Peterson Institute for International Economics, a Washington-based think tank.

Globally, the countries struck by Washington's protectionist stick might retaliate, which would likely set off a chain reaction whose consequences are hard to predict. Some say they have heard the first shot of a trade war. Alas, there are no winners in a trade war.

More important is that should the situation spiral out of control, more countries would fall victim. Ten years after the 2008 international financial crisis, major economies are finally all in growth gear. But the still fledgling recovery is far from turning into sustainable growth, and thus vulnerable to disturbances.

To find the real cure, Washington needs to locate the focus. In the U.S. socioeconomic pains, particularly job losses, international competition does play a role, but not so much as the inevitable industrial upgrading thanks to the unstoppable technological advances.

Thus counting on trade barriers misses the point. In the tides of the Fourth Industrial Revolution, the right treatment is to ride the waves and pursue innovation.

Just as Chinese President Xi Jinping stressed in a landmark speech at Davos a year ago, countries should seize the opportunities presented by the new round of industrial revolution, develop new growth models, and cultivate new industries and new business models, so as to create new jobs and restore public confidence and hope.

That should not be a tall order for Washington. As the largest developed country, largest economy and sole superpower in the world, the United States boasts a highly competitive workforce and a big edge in the global quest for innovation.

Given that, in order to end the pains for good, Washington had better throw away its protectionist stick and pick up the innovation wand.

TOP STORIES
EDITOR’S CHOICE
MOST VIEWED
EXPLORE XINHUANET
010020070750000000000000011100001369276771
在线免费播放av日韩| 亚洲中文字幕无码一久久区| 国产成人丝袜精品视频app| 免费又色又爽又黄的成人用品| 亚洲AV无码成人品爱| 亚洲国产成人一区二区在线| 插入中文字幕在线一区二区三区| 97视频在线精品国自产拍| 亚洲男人的天堂精品一区二区| 极品白嫩少妇无套内谢| 国产自产21区激情综合一区| 国产资源精品中文字幕| 国产乱码一二三区精品| 精品乱码一区二区三四区视频 | 一个人免费观看WWW在线视频| 国内精品综合九九久久精品| 国产精品无遮挡又爽又黄| 国产美女主播一级成人毛片| 1769国内精品视频在线播放| 国产乱沈阳女人高潮乱叫老| 亚洲人成影院在线观看| 精品午夜福利在线视在亚洲| 亚洲国产成人精品青青草原导航| 亚洲国产精品一区二区第一页| 久久精品亚洲日本波多野结衣| 天堂在/线中文在线资源 官网| 午夜AAAAA级岛国福利在线| 久久精品一区二区三区四区| 日本在线a一区视频高清视频| 久久天天躁狠狠躁夜夜躁2o2o| 久久午夜av一区二区| 欧美老人巨大xxxx做受视频| 护士张开腿被奷日出白浆| 国产精品 欧美激情 在线播放| 国产成人精品一区二区秒播| 一区二区和激情视频| AV一本久道久久波多野结衣| 日本一区二区三区在线 |观看 | 久久精品免视看国产成人| 巨茎爆乳无码性色福利| 手机在线中文字幕国产|