Open­ing-up in sync with solv­ing trade row

Global Times US Edition - - EDITORIAL -

China’s Na­tional Devel­op­ment and Re­form Com­mis­sion (NDRC) and dozens of other min­istries and com­mis­sions have is­sued a Mem­o­ran­dum of Un­der­stand­ing (MoU) on joint dis­ci­plinary ac­tion against se­ri­ous un­re­li­able sub­jects in the field of in­tel­lec­tual prop­erty (patent). Ac­cord­ing to it, China’s In­tel­lec­tual Prop­erty Of­fice will pro­vide a list of se­ri­ous un­re­li­able sub­jects in the area of in­tel­lec­tual prop­erty rights (patents) to other de­part­ments and en­ti­ties who signed this mem­o­ran­dum un­der the law and strictly pun­ish illegal acts in ac­cor­dance with the law.

The MoU can be seen as the be­gin­ning of Beijing’s swift im­ple­men­ta­tion of the con­sen­sus reached dur­ing the just-con­cluded sum­mit be­tween Chi­nese Pres­i­dent Xi Jin­ping and his US coun­ter­part Don­ald Trump. Beijing will im­ple­ment spe­cific items as soon as pos­si­ble, a spokesper­son of China’s Min­istry of Com­merce said on Wed­nes­day.

It is wel­come to see the Chi­nese gov­ern­ment tak­ing proac­tive ac­tions. Car­ry­ing out the con­sen­sus of the XiTrump sum­mit is a com­mon wish of Chi­nese so­ci­ety. End­ing or greatly al­le­vi­at­ing the China-US trade war is seen by the most Chi­nese peo­ple as a strong mea­sure to pro­mote open­ing-up.

The MoU is­sued by the NDRC and other de­part­ments is ob­vi­ously not a tem­po­rary Band-Aid, but a move which has been con­tem­plated for a long time. The tim­ing of this an­nounce­ment showed that China’s re­form and open­ing-up can be co­or­di­nated with ad­dress­ing Sino-US trade disputes. Mak- ing the best use of the cir­cum­stances is a long-term ex­pe­ri­ence of China’s re­form and open­ing-up. Against the back­drop of the trade war, Beijing should do the same.

Over the years, China has been com­mit­ted to pro­mot­ing the pro­tec­tion of in­tel­lec­tual prop­erty rights. It goes with­out say­ing that the re­al­ity of China’s in­tel­lec­tual prop­erty pro­tec­tion still lags be­hind de­vel­oped na­tions. The coun­try is solv­ing the prob­lem thor­oughly this time. This is not only about work­ing out trade disputes with the US, but also has great sig­nif­i­cance to sort out the in­ter­nal or­der of China’s econ­omy.

A num­ber of Chi­nese com­pa­nies like Huawei have achieved world-class com­pet­i­tive­ness. Many Chi­nese en­ter­prises are ca­pa­ble of par­tic­i­pat­ing in global com­pe­ti­tion. Ex­ces­sive mar­ket pro­tec­tion en­cour­ages lazi­ness and op­por­tunism. Grad­u­ally low­er­ing pro­tec­tion thresh­olds will push more Chi­nese com­pa­nies to com­pete in de­vel­oped mar­kets. This is the only way for China’s econ­omy to grow stronger.

With or with­out pres­sure from the Wash­ing­ton-launched trade war against Beijing, strength­en­ing the coun­try’s in­tel­lec­tual prop­erty pro­tec­tion and low­er­ing mar­ket ac­cess thresh­olds are must-dos for the pro­mo­tion of open­ing-up.

Chi­nese peo­ple should have suf­fi­cient con­fi­dence. China, as an in­creas­ingly open mar­ket, has an ir­re­sistible at­trac­tion to the en­tire world in­clud­ing the US. The more Beijing opens it­self up, the more con­fi­dence it has to ne­go­ti­ate with the out­side world.

Il­lus­tra­tion: Liu Rui/GT

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