全球金融论坛｜清华大学五道口金融学院副院长田轩：制度性开放与内需提振须“双轮驱动”

Group 1 - The core viewpoint emphasizes the importance of maintaining foreign investment confidence and stimulating domestic demand amid ongoing US-China tariff disputes and rising global trade barriers [1] - China is leveraging institutional openness to counter external uncertainties and is implementing a "dual circulation" strategy to address insufficient domestic demand, thereby injecting new momentum into high-quality economic development [1][3] Group 2 - Despite increased pressure on foreign trade enterprises due to US-China tariff frictions, China's market attractiveness remains strong, supported by low corporate valuations, a robust economic foundation, and a large pool of high-quality talent [2] - The government is expected to provide policy support for foreign trade enterprises, such as tax reductions and loan interest cuts, while companies must enhance their resilience through technological innovation and supply chain cost reduction [2] - Companies are encouraged to diversify their markets and reduce reliance on a single market by expanding globally, as trade friction is likely to become a norm [2] Group 3 - The "dual circulation" strategy is seen as forward-looking, particularly in promoting domestic circulation to address current uncertainties, although challenges such as declining investment and consumer willingness persist [3] - Recommendations include building a unified national market to facilitate the flow of resources, dynamically assessing the effectiveness of consumption promotion policies, and continuing support for the private economy [3] - The rapid passage of the "Private Economy Promotion Law" reflects the central government's commitment to boosting confidence among private entrepreneurs, which is crucial for the development of the domestic circulation system [3]