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Social Assessment: How to do it well, should China's industrial policy be as it

Social Assessment: How to do it well, what should China's industrial policy be?
2018-12-14 00:53 Global Times

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According to media reports such as the Wall Street Journal, China is drafting a plan to replace "Made in China 2025". The new plan will relax foreign companies' access and dilute China's leading manufacturing industry.
"Made in China 2025" is the focus of US dissatisfaction with China's industrial policy. The Chinese enterprises' technology products related to the plan are also the focus of the US trade war against China. It has been noted that Chinese officials have faded the reference to “Made in China 2025” in public for some time. After the Sino-US Argentine consensus, the US’s five-point requirement for the outside world did not include “Made in China 2025”.
All major industrial countries have industrial policies that promote high-tech development, most notably the German Industry 4.0 program. The original intention of China's 2025 plan is obviously justified. It has caused dissatisfaction and concern in the United States and some Western countries. It also shows that the plan has its unique strength.

Dialectically, everything has its advantages and disadvantages, and it is difficult to circumvent this logic in "Made in China 2025." As far as its domestic implementation process is concerned, the plan emphasizes the support for state-owned enterprises and the funds to be invested are also large. Since private enterprises have faced some difficulties for some time, there has been a remark that “national advancement and retreat” has emerged in public opinion. There is a real necessity and even urgency to establish a more level playing field between state-owned enterprises and private enterprises.
The US opposition to the 2025 plan is beyond Chinese expectations. To be honest, as a matter of China's sovereignty, we can completely ignore the attitude of the United States and focus on self-determination. However, China's deep integration into globalization, China's interests and the interests of the United States and other Western countries have more realistic needs, and expanding common interests has become an important way for China to continue to advance in an open environment. This is also an important perspective for China.
It seems that China will make appropriate adjustments to future industrial plans and policies based on actual conditions on the basis of adhering to its development of high-tech rights. Among them, the role of expanding the market and creating a more level playing field for different ownership enterprises will probably be the main adjustment direction.
Focusing on whether to adjust the industrial planning and how to adjust, we would like to sort out the important changes in the environment and China's due principles for dealing with change.
First of all, the major external environment for China's development and the main clues of internal and external economic interactions have undergone major changes since this year. We need to adopt a pragmatic attitude towards these changes and we must not evade, but should respond actively.
Second, external pressure has always been one of the driving forces behind China's internal reforms. Our attitude should be calm. The more open China is, the more it needs to respond to external demands. Today, China interacts with the outside world to better realize national interests, rather than humiliating concessions in the case of sovereign oppression. Toughness and confrontation are always more popular than mutual compromise, and even more "politically correct". This should no longer be the ideology of China in the 21st century.
Third, China must win with the world. This is the lifeline of our peaceful development, and it cannot be a slogan. China needs to truly open up the country and increase its momentum of development through continuous expansion of foreign cooperation. At the same time, it will also bring more benefits to the world. In other words, what is a win-win situation, we can't just say that we have made this claim. The views and feelings of the outside world should also participate in the definition of it. It should be the greatest common denominator of the attitudes and understandings of all parties.
Fourth, China does not need to fear further expansion of the risks of openness, including economic risks and political risks. Let the enterprises of all kinds of ownership compete fairly, and they will force the reform of state-owned enterprises. In fact, many state-owned enterprises lack funds, but a more competitive management mechanism. Inspire the vitality of various enterprises, China's technological innovation will form a new situation. Once China's development is stronger, we will have more resources to maintain the political cohesion of the country as a whole, without necessarily facing greater ideological risks.
Reform and opening up is the only way for China. We have been successful in the past 40 years, and success has proven to be the most important source of all kinds of initiatives. It will be the same in the future. We must effectively emancipate our minds, resolutely remove all the burdens on the road to success, and let success conclude the process. This should be the collective motto of Chinese society from generation to generation.