BEIJING, March 26 (Xinhua) -- A Chinese Foreign Ministry spokesperson said here Monday that the United States should know that in the 21st century, global trade requires rules rather than power.
Foreign Ministry spokesperson Hua Chunying made the remarks at a daily press briefing, when commenting on U.S. Vice President Mike Pence's remarks that recent U.S. trade moves meant the "era of economic surrender is over."
Instead of saying the "era of economic surrender is over," it is better for the U.S. side to say that the U.S. economic intimidation and hegemony should be eliminated, Hua said.
She said that China has always complied with WTO rules and maintained a multilateral trading system with the WTO as its core and rules as the basis. It has always advocated that in a spirit of mutual respect, equality and mutual benefit, disputes including economic and trade friction should be settled through consultation.
Hua said that both China and the United States had been negotiating on economic and trade issues. And China has the confidence and ability to safeguard its legitimate interests under any circumstances.
"China hopes that the United States will make rational and cautious decisions and choices," she said.
U.S. President Donald Trump on Thursday signed a memorandum that could impose tariffs on up to 60 billion U.S. dollars of imports from China and restrictions on Chinese investment in the United States.
"China is willing to have consultations with the U.S. side guided by the principle of mutual respect and benefit," Hua said, noting that the the door to dialogue and consultation between the two sides has always been open.
China's Vice Foreign Minister Zheng Zeguang said on Monday that the economic and trade relations between China and the United States were essentially mutually beneficial and brought a lot of tangible benefits to the two peoples.
"We don't want to have a trade war, but we are never afraid of it," Zheng said, noting that China was fully determined and prepared to deal with such a situation to safeguard the national interest.
Zheng expressed his hope that the U.S. side would calm down and find a solution.
BEIJING, March 26 (Xinhua) -- Chinese Vice Premier Liu He has called for rationality and joint efforts by China and the United States to safeguard the stability of China-U.S. trade relations.
He made the remarks at two symposia on March 24 and 25, with over 20 representatives from international organizations, entrepreneurs and scholars who were in Beijing to attend the China Development Forum 2018. Full story
GENEVA, March 26 (Xinhua) -- The U.S. government's latest tariff plan on imports from China contradicts its commitments that such a decision be based only on the World Trade Organization Dispute Settlement Body (DSB), said China's top envoy at the WTO on Monday.
Speaking here at the WTO goods council meeting, Zhang Xiangchen, the Chinese ambassador to the WTO, said that what the United States had done contradicts its commitments made at the WTO more than a decade ago. Full story