At present, the situation in the South China Sea is tense, and South Korea laments that South Korea has a deficit with China for the first time in more than 30 years.
The change has forced South Korea to re-examine its economic cooperation with China and to initiate consultations with the Chinese side. In this regard, Liu Jinsong, director of China's first Asian department, and Choi Yong-joon, director of the Northeast Asia Bureau of South Korea, held talks in Shenzhen. During the talks, Choi Yong-joon stressed the importance of mutual respect in developing China-ROK relations and said that the two sides decided to strengthen communication and exchanges in various fields.
South Korea's active pursuit of stronger economic cooperation with China shows that they are anxious about the current changes in the situation between China and South Korea.
The latest revelations show that South Korea's surplus with China has appeared for the first time in 31 years, which has attracted attention from many parties. **The deficit is as high as 18 billion US dollars, due to multiple aspects such as international politics, economic structure and industrial competition. As an important ally of the United States in the Asia-Pacific region, South Korea has taken many provocative actions against China in order to cater to the United States, resulting in a decline in the prestige of South Korean products in the Chinese market.
At the same time, the United States restricts the export of chips to China, which makes the South Korean semiconductor industry face a bottleneck in the technology and equipment chain, and its competitiveness declines. South Korea has long tried to maintain a balance between China and the United States, but with tensions between the United States and China, it has struggled to strike a balance between the two. In the face of the deficit problem, South Korea is eager to seek to strengthen cooperation with China, and respond to the uncertainty of the global chain and promote the development of bilateral economic cooperation through practical measures such as activating the industrial chain.
In the past month, China and the ROK have exchanged views at least three times, showing the urgency of the ROK.
China and South Korea are highly complementary at the economic level. As the world's largest manufacturing country, China has a huge market and a mature manufacturing system, while South Korea has a world leading position in high-tech industries and semiconductor manufacturing.
This complementarity provides a broad space for cooperation between the two sides, and can carry out deeper cooperation in the fields of technological innovation, industrial upgrading, and green energy, so as to achieve complementary advantages and promote common economic development. Against the backdrop of the global economic downturn, in-depth cooperation between China and South Korea will inject new vitality into the world economy.
China-ROK economic cooperation will not only benefit the development of both countries, but will also have a positive impact on the global economy. In the face of increasing global economic uncertainty, China and South Korea can jointly address risks and challenges by building closer economic ties and reducing the impact of economic fluctuations on their respective countries. The two sides can strengthen cooperation in freedom, global governance, environmental protection, etc., and jointly uphold multilateralism and the free system.
Through practical cooperation measures such as activating the industrial chain, China and the ROK are strengthening communication and enhancing mutual trust, which is conducive to maintaining the stability and sustainable development of China-ROK relations.
However, the ROK should take a pragmatic approach to deepening China-ROK economic cooperation to achieve mutual benefit and win-win results. In the face of the problem of deficit, the ROK needs to rethink its economic strategy and reduce its excessive dependence on Europe and the United States, which is in the national interest of the ROK.
There is an old Chinese saying that "30 years in Hedong, 30 years in Hexi", and if the ROK blindly follows the United States, it will only get farther and farther away from China. In the past, China was catching up with South Korea, but now Chinese companies are developing faster technology than South Korea. In order to achieve common development between China and the ROK, exchanges and cooperation in the political, economic, cultural and other fields should be strengthened, and greater contributions should be made to the sustainable development of the global economy.
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