ChenWenling 陈文玲

中国国际经济交流中心总经济师

[ChenWenling 陈文玲 @chenwenling3]

(3/3)For decades, the United States has been the first choice for overseas corporate investment, while in 2020 when most of the world's major economies contracted, China surpassed the United States in this area for the first time by largely containing the epidemic.

[ChenWenling 陈文玲 @chenwenling3]

(2/3)According to the latest UN report, China's foreign investment absorption bucked the trend in 2020, up by about 4 % year-on-year to $163 billion, while new investment in the United States fell 49%.

[ChenWenling 陈文玲 @chenwenling3]

(1/3)The latest edition of the World Economic Outlook, released by the International Monetary Fund (IMF) on January 26, predicts that the global economy growth will rebound to 5.5% in 2021, up by 0.3% from last October's forecast.

[ChenWenling 陈文玲 @chenwenling3]

(2/2)According to relevant U.S. agencies, the Trump administration has charged more than 3,900 different sanctions during its tenure, with a frequency equivalent to three times a day.

[ChenWenling 陈文玲 @chenwenling3]

(1/2)Chinese Foreign Ministry spokeswoman Hua Chunying said that China's decision to impose sanctions on the U.S. side concerned was fully justified and necessary.

[ChenWenling 陈文玲 @chenwenling3]

(3/3) Most of the trade measures taken by the Trump administration against China were illegal under WTO rules.

[ChenWenling 陈文玲 @chenwenling3]

(2/3) The 25% tariffs imposed by the U.S. government on Chinese goods in June and September 2018 violated the WTO's most-favored-nation provisions.

[ChenWenling 陈文玲 @chenwenling3]

(1/3)The previous U.S. administration's skepticism of the WTO turned into policies that largely weakened America's international trade dispute settlement capabilities.

[ChenWenling 陈文玲 @chenwenling3]

We hope the U.S. will return to multilateralism and play a major role, but not mobilize allies to press on China within international multilateral organizations. A more influential China is expecting the Biden administration to make wiser decisions than Trump within the WTO.

[ChenWenling 陈文玲 @chenwenling3]

(3/3)High mortality rates and severe economic contraction led to zero no new investment in the UK and Italy, while investment in Germany dropped 61%.

[ChenWenling 陈文玲 @chenwenling3]

(1/3)According to UNCTAD data, there is a clear difference in the economic performance of East and West countries. In 2020, East Asia attracted one-third of global foreign investment, the largest share since the 1980s.

[ChenWenling 陈文玲 @chenwenling3]

(2/3)Of this, investment in India increased by 13%, largely driven by growing demand for digital services. In the West, investment in the EU fell by 71%.

[ChenWenling 陈文玲 @chenwenling3]

(2/2)while the U.S. economy has suffered a major setback, causing inflows to the United States to almost halved.

[ChenWenling 陈文玲 @chenwenling3]

(1/2)The Wall Street Journal reported on January 25 that the new COVID-19 epidemic has exacerbated the shift of the global economic center eastward, with China successfully surpassing the United States as the world's largest destination for foreign direct investment in 2020

[ChenWenling 陈文玲 @chenwenling3]

(4/4)enhance trust between China and the U.S. by restarting and improving the multi-level exchange mechanism, reshaping the economic and trade relations and deepening global governance cooperation.

[ChenWenling 陈文玲 @chenwenling3]

(3/4)In response to this, China advocates reforming and improving it, never to set up a separate kitchen. It is hoped that the U.S. side will take the swearing-in of President Joe Biden as an opportunity to redefine its thinking and behaviors,

[ChenWenling 陈文玲 @chenwenling3]

(2/2)He said that China has always been a participant and contributor to the existing international order, not a challenger or destroyer. There are some aspects in the existing international order that do not adapt to the current global situation.

[ChenWenling 陈文玲 @chenwenling3]

(1/4)Zeng Peiyan, former Vice Premier of the State Council of the People's Republic of China, once pointed out that different social systems can co-exist peacefully and progress together.

[ChenWenling 陈文玲 @chenwenling3]

（2/2）Without China's cooperation, the United States cannot hope to resolve global challenges such as the epidemic and economic recession.

[ChenWenling 陈文玲 @chenwenling3]

（1/2）Donald John Trump has pursued a strategy of confronting China, and his foreign policies have weakened the international influence of the United States. The Biden Government must adapt the U.S. policy toward China.