Chip and semiconductor industry is the basic industry to build a digital world and the development level of the sector is an important symbol of the capability of a country’s chip and semiconductor industry. Since 2018, the US and its allies grow to block China on chip and semiconductor technology. How to promote the construction of a unified national market for the chip and semiconductor industry to cope with the containment by the US and its allies is an important issue to be solved for the industrial development. The study illustrates the contents and characteristics of the unified national market for the chip and semiconductor industry, analyzes the development progress of the industry and discusses the advantages and challenges of constructing a unified national market. From the perspective of great power game, suggestions are put forward for building the unified national market for the chip and semiconductor industry.
From the end of 2021 to the first quarter of 2022, the White House and the Fed release several documents and reports concerning a potential US central bank digital currency（CBDC）. This represents a watershed event since the US government transforms its stance on the CBDC from ambiguity to eager embracement. Internally, the US government tries to map out a blueprint for the digital dollar by integrating opinions from major government departments, forging domestic consensus and accelerating research and development of CBDC technology and system. Internationally, the US government vows to play a leading role in global CBDC cooperation by harnessing the expertise of the existing international platforms and organizations and promoting multilateral and bilateral cooperation. Although the US hopes to sustain the centrality of the US dollar in the international payment and monetary system by leading the global CBDC cooperation, the deep internal division on the necessity and urgency of introducing a digital dollar, the undecided relation between a digital dollar and private stablecoin,the complexity of coordinating international CBDC rules as well as the diversified development trend of the global economy constitute challenges for the US government to implement its CBDC strategy.
The transformation of trade growth pattern, escalation of digital protectionism and deepening of digital development divide call for enhancing global digital trade governance capacity and strengthening cooperation on digital trade rules. Economies in the Asia-Pacific region have a solid foundation in digital economy and an urgent need for the rule-based cooperation. However, due to the great differences in the ambition level of digital trade liberalization among Asia-Pacific economies and the increasing politicalization of digital trade issues under the circumstances of great power games, the difficulty of digital trade rules’ cooperation in the region has been increased. At present, Asia-Pacific economies have actively carried out rule-based cooperation on digital trade through participating in mega regional trade agreements and regional digital economy/trade agreements. Examples and typical templates for regional rule-based cooperation on digital trade are starting to take shape. China can improve its ability to participate in global digital trade governance by addressing the weakenesses in digital trade development, improving the domestic regulation of digital trade, deepening regional digital economic and trade cooperation, actively participating in the negotiations of regional rules, and encouraging digital enterprises to practice the rules.
Due to multiple challenges across the globe, the implementation of the 2030 Agenda for Sustainable Development has been severely hindered. Revitalizing global development cooperation is the key to effectively addressing the global challenges. Given the context, the Chinese Academy of International Trade and Economic Cooperation and the United Nations Development Programme co-host the Third China and International Development Forum from December 2 to 3, 2022. With the theme of “responding to complicated development challenges and revitalizing global development cooperation toward the 2030 Agenda for Sustainable Development,” representatives give speeches on topics including the prospect of international development cooperation and Chinese and foreign practice, climate change, innovation in sustainable development financing and debt processing models as well as child development cooperation.
In 2022, the global and regional situations undergo profound and complex evolution as food,energy and debt crises emerge together. Investor expectations are altered by the possibility of an economic downturn and the tightening of financial conditions, and the international investment is overall sluggish.China vigorously responds to the impact of the unexpected factors, solidifies its position as a major outbound investment country, steadily promotes the high-quality development of the Belt and Road Initiative and optimizes the structure and industrial layout of Chinese outward foreign direct investment. China actively participates in the reform and building of the global investment governance system. Chinese enterprises further strengthen their global competitive competence, expand new areas of investment cooperation in the digital economy and green development and work with host countries to achieve reciprocal benefits.Since the world today undergoes major changes unseen in a century, China should properly manage a range of risks and challenges in outward investment and seize potential development opportunities to better support the construction of a new development pattern and promote high-quality growth.
