It is to promote China’s technological innovation. Peking University Professor Yao Yang: The only consequence of the U.S. trade war
Today, the fifth Shanghai Innovation and Entrepreneurship Youth Forum of 50 was held. Yao Yang, Distinguished Professor of Boya at Peking University and Director of the China Economic Research Center, delivered a keynote speech.
"Young people are the hope of the country and the main force of a country's innovation." Yao Yang said that currently, we are in an era of economic and technological transformation and are vigorously developing new productive forces. This is also the responsibility of young people, "Research It shows that the more young people a country has, the more innovative they are and the more dynamic they are. Looking back on the past 200 years of history, when all countries developed rapidly, their population structure was relatively young. Now, China has gradually entered its old age. In a modernized society, young people are even more important.”
Yao Yang said that there is a concept in international trade called comparative advantage. China used to have advantages in labor-intensive products, but later gradually transitioned to technology-intensive and capital-intensive products. However, as the United States started a trade war, it disrupted the world's industrial chain and innovation ecology. "From a purely economic perspective, cutting-edge technology and zero-to-one innovation are actually not our comparative advantages, but under the U.S. blockade, we must do it and do it successfully."
"I once told American friends that the only consequence of the U.S. government's trade war is to promote China's technological innovation, which will eventually cause the United States to shoot itself in the foot." Yao Yang said that just a few years ago, China's chip self-sufficiency rate It was less than 5%, and now it has reached 14%, and it is still growing rapidly. In addition, China has made great innovations in the fields of artificial intelligence and new energy electric vehicles, and has moved to the forefront of the world, leading the world in terms of market share and technology. "We have gradually transformed from a chaser to a leader. This has been the case in the past seven or eight years." A huge change has occurred.”
