conspiracy! China becoming a developed country? The logistics industry will usher in disruptive changes!

Good guy, when we woke up, we became citizens of a developed country. Seeing this, a group of migrant workers with a monthly salary of 3,000 will definitely express dissatisfaction. Status, in fact, is deliberate.

China is a developed country?

The United Nations, the International Monetary Fund, and the Organization for Economic Cooperation and Development all have their own definitions on how to define "developed countries" and "developing countries". The main indicators include per capita GDP, Human Development Index (HDI) and so on.

On February 28, according to data released by the National Bureau of Statistics, my country's per capita GDP in 2022 will be approximately US,700, ranking outside the 60th place in the world. In September last year, the "Human Development Report 2022" released by the United Nations showed that in addition to Hong Kong ranking fourth in the HDI ranking, China was not seen in the top 50. No such data is mentioned in the United States.

Import and export trade will be affected

Compared with the policy of "developed countries providing technical assistance to developing countries", the impact of tariffs is the most important.If the United States classifies China as a "developed country," the import and export trade will be most affected.For the commodities exported by developing countries, developed countries will have certain preferential tariffs. For example, if China exports products produced by the United States, the United States will import our products at a lower tariff than developed countries. This will not only benefit our Product export is also conducive to increasing the international competitiveness of Chinese manufacturing, so our products have the advantage of "high quality and low price" in foreign markets.

But if it is defined as a "developed country", the tariff preference will be gone, the competitiveness of products will be greatly reduced, and exports will definitely be affected. In the same way, if China is a developed country, it will have to give preferential tariffs to products imported from other developing countries, which is not good for local companies. It will not take long for ordinary people to buy products from abroad at higher prices, so regardless of In any case, we are always at a disadvantage.

In addition to tariffs, there are trade subsidies.Under the framework of WTO, developing countries can give certain preferential policies or financial subsidies when exporting or importing, and can enjoy an asymmetric trade policy in foreign trade.Developing countries can use trade subsidies to promote the export of their products and obtain a certain trade surplus, and our previous foreign trade has indeed developed in this way, and it is precisely because of this that our local companies have not been impacted by foreign companies.But if China really becomes a developed country, trade subsidies will also be subject to various restrictions.

The United States is no longer China's largest trading partner

The United States used to be China's largest trading partner, but the number one position was successively replaced by the European Union and ASEAN. Similarly, China is now the fourth largest trading partner of the United States. Since the "Belt and Road" initiative was put forward, the proportion of China-ASEAN trade volume in China's total trade volume has risen from 10.7% to 15.5%, and ASEAN has maintained its first position since 2020.

In contrast to the United States, due to factors such as economic and trade frictions and capital decoupling, Sino-US trade relations have become very delicate. According to data from the General Administration of Customs, in the first two months of this year, the trade volume between China and the United States was 702.976 billion yuan, a year-on-year decrease of 10.6%, a very large drop. Exports to the US were 494.104 billion yuan, down 15.2%.The decline in exports to the United States is largely caused by the Fed’s continuous interest rate hikes, and the United States is also taking the initiative to reduce imports from China in order to completely get rid of "Made in China".Therefore, the United States gradually shifted its imports to Mexico and Southeast Asian countries. Until now, Mexico and Southeast Asia have become the second and third largest trading partners of the United States.

This is a conspiracy. The fact that the United States regards China as a "developed country" is actually flattering. What it cares about is not whether it is underdeveloped, but depriving China of various preferential policies in international trade. But in fact, we have signed a free trade agreement with ASEAN, and we have also reached RMB settlement agreements with Russia, Brazil and other countries. The international trade pattern will have a new page. After all, the United States is not the only market in the world. What do you think about China becoming a developed country?