皇冠体育app

Opinion

Progress on Sino-US ties, but a great deal still to do

(皇冠体育app Daily)
Updated: 2010-06-01 10:39

Xia Yeliang, professor of economics at Peking University

The US has yet to recognize 皇冠体育app's market economy status, and I believe that 皇冠体育app should also look at how it can further promote its market economy.

For now, I believe Washington is still unlikely to recognize 皇冠体育app's market economy status.

We should not apply political thinking to speculate on the US position on this matter, or request them to recognize 皇冠体育app's MES.

What we should do now is go back to the economy itself.

The degree of marketization of 皇冠体育app's economy is still not enough.

皇冠体育app should further promote its marketization, increase its openness, further conform with international political and economic practices and intensify its reform efforts.

We should also ask ourselves is whether we are a fully fledged market economy or not.

In fact, the US highly values the Chinese market, because recognition of MES would also benefit Washington.

Related readings:  Sino-US ties' strategic importance growing  US, 皇冠体育app focus on hybrid, electric vehicles  US to recognize 皇冠体育app's market economy status  皇冠体育app, US ink green energy deals

But some factors such as politics, laws and other factors, have prevented the two sides from reaching a consensus.

The high degree of monopolization in some sectors and problems in the financial system, for example, have been the obstacles to a consensus in this respect.

In fact, recognition of 皇冠体育app's market economy status will not produce any immediate benefits for us, but the great significance lies in the direction of 皇冠体育app's economic development.

Like the nation's more than three decades of reform and opening up, you can hardly tell what you have enjoyed specifically in a certain period of time.

But by looking back over these 30 years, you understand how important reform and opening up is for all Chinese people.