余永定:全球化关键是如何实现更公平的收益分配
Di Yi Cai Jing·2025-10-28 04:16

Group 1 - The core principle of international division of labor benefits all countries, enhancing productivity through global supply chains [1] - The main issue lies in the equitable distribution of the benefits brought by globalization, both between countries and within domestic groups [3] - The U.S. should focus on upgrading infrastructure and improving benefit distribution to ensure that ordinary workers and blue-collar groups gain more from global supply chains [3] Group 2 - China has maintained a long-term surplus in its current and trade accounts, which was necessary in the past for foreign exchange reserves, but should now aim for balance by relying more on domestic demand [3] - The trade surplus as a percentage of China's GDP has decreased from over 10%-11% in 2006-2007 to around 2%-3% currently, indicating significant progress [3] - Progress has been made in promoting the use of the renminbi for cross-border settlements, but achieving its status as an international reserve currency remains a long-term goal with limited advancements [4]