New Trends and Impacts on China of the Global Industrial Subsidy Race and Response Strategies
Currently,there is a global rise in protectionist sentiments in trade,intensifying the trend towards inward-looking economic policies worldwide.In order to gain dominance in the restructuring of the global industri-al chain and technological competition,a large number of countries have introduced various forms of subsidy legis-lation,intensifying the global industrial subsidy race.An analysis of the legislative trends among key participants in the global industrial subsidy race reveals that these subsidies are characterized by their diversity,opacity,specifici-ty,and environmental sustainability.The global industrial subsidy race has potential impacts on China's attraction of foreign investment,manufacturing development,trade in intermediate goods,domestic employment,and inter-national market expansion.China can take measures to meet the challenges of the global industrial subsidy race by optimizing the overall business environment,strengthening multilateral cooperation to resist"decoupling and discon-nection,"avoiding rapid and disorderly migration of industries,strengthening talent training,rationally distinguis-hing illegal subsidies from legal subsidies,and accelerating the optimization and upgrading of industrial structure.
industrial subsidiessubsidy legislationimpacts on Chinaresponse strategies
万方数据
维普
