The United States has provoked Sino-US trade frictions with issues such as excessive US-China trade deficit and intellectual property rights. With the extension of trade friction, Sino-US trade friction has gone beyond the scope of economic and trade friction. China should adhere to its own development principles, open wider to the outside world according to its national conditions, improve the intellectual property protection system, increase investment in research and development of high-tech industries, and accelerate the construction of the "Belt and Road" and the internationalization of RMB, so as to resolve external risk shocks.

Deepening the "Belt and Road Initiative" not only shows that China is willing to work with other countries in the world to build a "unified destiny of mankind", actively promote a new stage of globalization, and resolutely safeguard the multilateral trading system, but also will expand a broader development space, effectively weaken the negative impact of trade frictions while weakening its dependence on the US market, thus playing a role in dispersing the risk of external space dependence.

Since the international financial crisis, all countries in the world are facing the problem of "dollarization". China can take this opportunity to cooperate with the "Belt and Road Initiative" to speed up the internationalization of RMB and prevent the risk of external financial shocks, but it will also be a big test for China's financial management ability.

Only by adhering to equality and mutual respect and holding consultations and cooperation in a calm and rational manner can China truly resolve its contradictions and differences. Face up to the problem of friction and see the possibility of cooperation.

Tips: The above information is for reference only.

Reply time: 202 1- 10-28. Please refer to the latest business changes announced by Ping An Bank in official website.