Chinese consumers who import U.S. beef are the winners.

Original title: Imported U.S. beef Chinese consumers become winners
and different
Now that U.S. beef has been allowed to enter the Chinese market, China's beef industry is facing a "crisis", with "U.S. beef" as a teacher and really experience some market falls, perhaps not a bad thing.
recently, Zhu Guangyao, China's vice finance minister, set a clear deadline for U.S. beef exports to China by July 16 this year.
China's beef market will stage the "Three Nations
from the consumer's point of view, the import of "American beef", to break the Australian cattle and other imported beef prices year by year, smuggled beef rampant phenomenon, is undoubtedly a good thing. However, there are some objections in domestic public opinion, many people still hold the "one party suffers losses, one side benefits" of the zero-sum game thinking.
the author believes that in the import of "American beef" at the same time, we also want to see, as an "exchange", the United States also want to import Chinese cooked chicken and so on. Modern international trade has long since abandoned the traditional concept of "businessism" (encouraging more exports and less imports), and simple passive resistance to imports to protect domestic markets has long been replaced by "exchange" and "reciprocal" thinking. Only under the cooperative game of mutual game, mutual cooperation and mutual compromise between China and the United States can we realize the possibility of "win-win situation".
Fores foreseeable, after the U.S. beef entered the Chinese market, the future will be with Australian beef, popular South American beef staged "three countries", price war, quality war "smoke" inevitable, when the biggest winner must belong to Chinese consumers and "food" people.
is not a bad thing for China's beef market
it is not objective to say that China's beef industry has no influence at all, which involves the "childish industrial protection theory" in international trade. China's beef industry is an absolute "childish industry" compared with the big U.S. beef countries. But whether to carry out "childish industrial protection" is to compare the cost of protection with the expected profits that the industry can make in the future. If the protection cost is greater than the expected profit of the industry is not worth the loss, the industry can not be protected as a childish industry.
practice, the theory of "childish industrial protection" is still subject to many questions. "Flowers in the greenhouse" is also common in the "childish industrial protection", the baby also needs to be carried outside to "sunbathe." Industry grows in "competition" rather than "doting". After joining the World Trade Organization, China's color TV, refrigerator and other industries face the "squeeze" of international giants, but to enhance the competitiveness of the industry.
trade will lead to the increasing specialization of the international division of labor, focusing on the development of a country's comparative advantage of industries to help improve production efficiency, improve overall economic welfare and social welfare.
's beef industry has not improved significantly in the past 14 years of U.S. beef bans. Now that U.S. beef has been allowed to enter the Chinese market, it may not be a bad thing that China's beef industry is facing a "crisis" with "American beef" as its division and really experiencing some market falls.
"American beef" embodies the concept of "reciprocity"
"exchange" and "reciprocity" is the cornerstone of modern international trade. Even "businessism", with protectionism at its core, has become "open-spirited" and "aggressive". "Open-hearted businessism" while still adhering to the "export is beneficial, imports are harmful" view, but while maintaining a trade surplus, while increasing imports and exports are beneficial;" Aggressive trade protectionism, while still insisting on "protecting and strengthening trade status", is no instead of simply passively resisting imports to protect domestic markets, but actively encouraging exports to boost domestic growth. Even if not to say "and angry wealth" such a general truth, but also hold the international trade zero-sum game thinking of people are very realistic and enlightening significance.
we should also see that the "American beef" in China's beef industry is not very big, noodles are not very broad. Farmers can also get better full employment in modern agricultural restructuring, which is "courtesy" for China. But for the United States and for Mr. Trump, it is "righteous." To that end, Mr. Trump couldn't resist saying that "China's allowing imports of U.S. beef is the real news" and that "the U.S. will open up imports of cooked poultry meat from China" to "real news." As Premier Li Keqiang said, "China's chicken is also competitive in the international market". In this sense, we expect more "exchange" and "reciprocity" between China and the United States than an anecdotal confrontation or even trade war.
Pan and Lin (Postdoctoral Fellow in Applied Economics, China Institute of Fiscal Sciences, Ministry of Finance)