Secondly, China's trade surplus is at the expense of the future. Why do I say that? Because China's high-tech development still stays in the planned economy system. The vast majority of foreign scientific and technological development is developed by private capital, so their scientific and technological development and economic development complement each other. The more advanced science and technology, the more developed economy, the more developed economy, the more advanced science and technology. In China, science and technology are developed by the government, but the government's investment in the field of science and technology is limited, while private capital is keen on investing in low-tech fields such as real estate and resource development, and pays little attention to the development of science and technology. China's scientific and technological development is independent of the economy, which leads to a serious shortage of funds for scientific and technological development in China. Therefore, while China is keen on low-tech production, foreign countries are vigorously developing future technology, turning the slogan that technology is the primary productive force into reality, and the future is theirs.
Having said that, some people may ask, you said that China's products are low in science and technology, but don't we have high-tech product manufacturers like Lenovo and TCL? Our space technology is also very developed. But what you need to know is that most of the intellectual property rights in Lenovo and TCL products belong to foreign companies. Every time we produce a computer or DVD, we have to pay a lot of intellectual property rights to foreign companies. Rocket technology is a product of the 1940s, and it is not a new technology now. Anyone with money can reach world-class quality in five to eight years, while robots and genetic technology can't catch up with international standards in 20 years even if you have money. Therefore, I said that China's future development was achieved with the current trade surplus.
The current currency problem is caused by the financial crisis in the United States. Because Americans have suffered heavy financial losses and their purchasing power is seriously insufficient, China's export profit is low, the profit level of import and export enterprises is declining, and the unemployment rate is rising, leading to the suspension or closure of a large number of small and medium-sized enterprises, the export profit is reduced, and the import production cost is increased. Because of the appreciation of RMB and the increase of import volume, the country wants to buy products from abroad, and a large number of publishers use them to pay for the goods. This has led to the inflation of RMB.
The only way to change this situation is the overall industrial reform, eliminating backward production capacity and developing advanced industries. The twelfth five-year plan of the country is planned with this as the main body.
But the backward social system is the root of these problems, if we don't carry out social system reform. The problems we are facing now will appear one after another in the future. Therefore, we must carry out another major reform of the social system, which is our only way out.
The above is my personal opinion and the author is myself. If there are similarities, it is purely coincidental.