Chapter 238: Trade Trap
Chen Qiaoshan is not interested in the internship opportunities at Goldman Sachs, but Yan Xiaoqin is very interested.
"So, you can go to Goldman Sachs for an internship in the summer?" When eating in the cafeteria at noon, Chen Qiaoshan casually mentioned it, and Yan Xiaoqin immediately asked for details.
"If you don't have a shadow, you still have to interview, and I don't know if I can be selected. ”
"You're going to get it. Yan Xiaoqin was full of confidence in him, and after a while, she asked again: "Goldman Sachs' intern informed me that I also read it, isn't it only recruiting sophomore students, how can I notify you to go for an interview?"
"I don't know the specifics, but it's Paulson's sake. Chen Qiaoshan said the guess in his heart.
"Isn't he the president of Goldman Sachs, and he personally recommends him and has to be interviewed?"
"It's a cultural difference, and to put it simply, Paulson has the right to recommend, but it's not his function to admit or not," Chen explains. ”
Yan Xiaoqin didn't ask anything more, after thinking about it, she put down the chopsticks in her hand, took out a notebook from the bag on the side and handed it over.
Chen Qiaoshan took it and asked, "What is this?"
"Course notes, economics and probability theory, I have written down the key points for you. ”
"Did you go to Guanghua's finance class?"
Yan Xiaoqin glanced at him, didn't say anything, Chen Qiaoshan was a little moved in his heart, but said in his mouth: "Don't go in the future, I'll borrow my classmates' notes to flip through it, and you have a lot of professional classes." ”
"You'd better spend more time revising, Goldman Sachs internships are hard to come by. ”
Chen Qiaoshan didn't say anything more, he flipped through it casually, Yan Xiaoqin was very careful, and his notes were very detailed, and suddenly, he pointed to one of the contents and asked, "What is this?"
Yan Xiaoqin glanced sideways and explained: "This is an economics assignment, Professor Wang said in class that the government is negotiating with the Americans, and the domestic plan is to impose a specific tax on textile exports, and he asked us to analyze the pros and cons." ”
Chen Qiaoshan nodded, this is too normal, and the Sino-US trade dispute will not stop.
The so-called ad hoc tax means that the goods are not divided into good and bad, and are taxed in units of measurement, such as quality or volume.
Fundamentally, a specific tax is beneficial to developed countries, because it increases the cost of cheap goods, and the higher the added value of the product, the less affected it is, which requires exporters to improve product quality in disguise.
Is it really that simple? Not necessarily.
This involves industrial economics, which is very difficult to explain, but when it comes to international trade disputes, it is easy to understand.
If the price is set too low, the United States will sue you for predatory pricing, and if the price is too high, you are a monopoly and monopoly, and the price is the same as that of American companies, and they can also sue you for price collusion.
According to the provisions of the WTO agreement, from January 1 next year, China's textile and garment exports will be lifted quota restrictions, which is undoubtedly a major positive, but the Americans will not be easy to comply, and have been pressuring China to restrict textile exports, which is why there is an increase in ad hoc taxes.
Any policy that restricts international trade is contrary to the WTO agreement, but for the US government, international conventions are basically the equivalent of a night pot, which can be used when needed, and kicked aside when not needed.
Chen Qiaoshan was engaged in foreign trade in his previous life, he knew the outcome of the matter, and as a person who had come over, he felt that he had an obligation to do something.
It is not so easy to lift the lid, between countries, the influence of individuals is basically negligible, Chen Qiaoshan pondered for a long time, and finally found a way that is not a way.
The affairs of the website were thrown to Wang Sifeng, and Chen Qiaoshan soaked in the library again.
Although the theory of quantity and taxation is very simple, and those who study economics will basically be exposed to it at the beginning of their freshman year, the simpler the theory, the more complex the involvement behind it, and Chen Qiaoshan does not want to make jokes.
On February 25, Sohu Finance published a news, "Can the Levy of Export Specific Tax Improve the Quality of Enterprise Textiles", the article was signed by Chen Qiaoshan.
Compared with the last time, this time the article is much simpler, there are basically no twists and turns, Chen Qiaoshan just simply contacted Jia Yinan, the manuscript was sent over, and it was on the financial page the next day.
Like the last time, this article is basically ignored, and ordinary people don't know what an export ad hoc tax is, so naturally no one cares about Chen Qiaoshan's theory. He is not in a hurry, the bait is thrown down, and it is not up to him to decide whether he can catch a fish or not.
According to the general understanding, the implementation of indiscriminate taxation in the volume tax reduces the profit rate of commodities in disguise.
For low value-added products, enterprises can only increase the selling price to amortize the cost, but at the same price, quality has become the main competitive factor, so the volume tax has the effect of inhibiting the growth of exports and improving product quality.
Chen Qiaoshan directly gave a negative opinion, he believes that the specific tax will not prompt textile enterprises to improve product quality, but will expand exports.
Isn't it a joke to question the generally accepted economic theories?
It didn't take long for the article to attract the attention of people in the business circles, and after reading it, most people scoffed, the point is that there is no tangible evidence for his theory, and no one is even willing to come forward to refute him.
The matter spread quickly, but there were no good words, the good reputation of Professor Li Daokui was refuted last time, which directly made Chen Qiaoshan lose cleanly, and waited patiently for two days, there was no movement at all, he hesitated a little, I put enough bait, why didn't anyone bite the hook?
It didn't take long for Chen Qiaoshan to understand the reason, his weight was too light, and Associate Professor Wang Zhicheng also found him.
"Did I teach you economics?" Professor Wang said as soon as they met.
Chen Qiaoshan was a little puzzled, and he asked: "Professor Wang, I am your student, and economics is naturally taught by you." ”
"Then you also learned this theory of ad hoc taxation from me?" Professor Wang was visibly annoyed.
Chen Qiaoshan understood that the fish was not caught, but he provoked this one, but he still insisted on his own point of view, "Professor Wang, I insist on this theory." ”
"You are obviously a fallacy heresy, the ad hoc tax belongs to the cost constraint mechanism, the cost rises, the profit margin will naturally decline, do you still need me to repeat, high school students understand the truth. Professor Wang was obviously angry, and his words were very polite.
Chen Qiaoshan couldn't help but laugh when he heard this, "Professor Wang, all economic theories have constraints, right?"
Wang Zhicheng stared at him, his eyes were a little hesitant, he was a little unsure of what he thought as a student, "It's good to have constraints, but does it have anything to do with the current problem?"
Chen Qiaoshan asked for a long time: "Professor Wang, what is the purpose of this ad hoc tax?"
"Encourage enterprises to increase the added value of textile exports, while reducing the share of exports. ”
This is not a secret, the levy of ad valorec taxes is a demand of the Americans, the government is vague, although it has not made a clear statement, but Wang Zhicheng can say it in class, he must have consulted the opinions of experts, and should have formed a unanimous conclusion.
"Professor Wang, if I were a business owner, I would definitely not improve the quality of products. ”
"Why?"
"Do you think the European and American markets are free markets?"
This question is very sharp, Wang Zhicheng glanced at Chen Qiaoshan with a complicated look, "This is a trade compromise." ”
After joining the TO, China's exports to the United States exploded, causing the United States deficit to soar with China, and the United States often exerted pressure, and China made almost all the concessions, reducing tariffs, reducing subsidies, reducing the share of state-owned enterprises, and removing investment barriers, which is the so-called trade compromise.
Chen Qiaoshan said categorically: "This is not a trade compromise, this is completely a trade trap. ”