Korean media: Control with China?absurd!

"South Korea Economy" July 8th article, original title: decoupling with China? At present, it is the opportunity to enter China

"China Delaying theory" is currently very loud in South Korea. A senior official who had accompanied South Korea's president to participate in the NATO summit just said, "Compared to the Chinese market, South Korea should focus on the European market", the Korean stock market staged a decline in China stock market. But at present, Fortune 500 companies selected by Forbes have entered the Chinese market to start fierce competition. Last year, Mercedes -Benz's sales in China reached 2.75 million vehicles (topped the global sales list), accounting for 38%of Mercedes -Benz's total sales last year. In the context of the fierce game of the United States and China in the political and economic field, China purchased a large number of Airbus planes to pressure the American Boeing Company with strong purchasing power.

As we all know, the business principles of enterprises are approaching the market. The principle of sales is to establish influence. No matter from the perspective of the market and influence, China should not be the object of our abandonment, but it needs to be further developed. At present, the discussion of the "decoupling with China" strategy in South Korea is ridiculous. 60%of South Korea's GDP comes from trade. In South Korea's exports, the proportion of intermediate materials is 88%. These are what manufacturing countries need, not consumer countries such as the United States and Europe. If South Korea wants to abandon China, the world's largest manufacturing country, and improve the consumer market share in the United States and Europe, it must change South Korea's industrial structure. How can the Korean industrial structure formed in the past developed in thirty or forty years can be changed within three or four years?

You know, it is no longer a time that the government can change the industrial structure in one sentence. The attributes of the enterprise are profit -seeking, and how to intervene in your government. Tesla is a typical case -the world's largest electric vehicle manufacturer has been invested in China. The reason is simple, because the market and the supply chain are in China. At present, China's electric vehicle sales account for 53%of the global market, and 59%to 100%of the main materials such as lithium, cobalt, manganese, graphite products such as electric vehicle batteries are in China.

In addition, the so -called diplomatic relationship is nothing more than chasing their respective interests. At present, the controversy of "security relies on the United States, the economy depends on China" or "decoupling with China", which dominate the Korean public opinion field. In fact, it is meaningless, and interests and pragmatic are the highest goals. At the moment when the epidemic spreads, alliance relations are actually a show staged according to the interests of various countries. Although South China is not an ally, exports to China account for 28%of the reality of the entire South Korean export trade, we cannot see it. Europe (14%) and the United States (15%) cannot immediately replace China, and it is difficult to achieve at least 10 years.

We should stop empty arguments. Do you want to be decoupled with China? This question cannot be answered by politicians and media people who have never studied in China, but will be handed over to those entrepreneurs who invest in a factory in China to answer. (The author is Quan Bingrui, director of the Institute of Economic and Financial, South Korea, translated by Jin Huizhen)

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