China says a trade war would harm both all sides
Chinese Foreign Minister Wang Yi answers questions on China's foreign policies and foreign relations at a press conference on the sidelines of the first session of the 13th National People's Congress in Beijing, capital of China, March 8, 2018. Photo: Xinhua
China's foreign minister Wang Yi said on Thursday that China would make a necessary response in the event of a trade war with the United States but added that such a war would only harm all sides.
Speaking on the sidelines of the annual session of the National People's Congress, Wang said China had no intention of displacing the United States and that the two countries did not have to be rivals but should strive to be partners.
U.S. President Donald Trump is expected to establish tariffs of 25 percent on imported steel and 10 percent on imported aluminium this week, but the White House has said there could be a 30-day exemption for Mexico and Canada and some other countries based on national security.
Trade tensions between the world's two largest economies have risen since Trump took office in 2017.
Trump is also considering potential trade sanctions against China under a "Section 301" investigation into its intellectual property practices and pressure on foreign companies for technology transfers.
Wang said trade war is never the right solution, as it will harm both the initiator as well as the target country in a globalized world.
"In the event of a trade war, China will make a justified and necessary response," Wang said. "We hope China and the U.S. will have a calm and constructive dialogue as equals, and find a win-win solution."
Wang said China had a long way to go on its path of modernisation, and that it "will not and need not displace the United States."
"Some Americans allege that China will replace America's role in the world. This conclusion is fundamentally wrong," he said.
He also said despite elements of competition, China-U.S. ties are defined more by partnership, not rivalry.
Citing a latest poll, Wang said over 50 percent of the American people have a favorable view of China and the figure has been rising steadily in recent years.
"I hope people will not focus just on the problems of U.S.-China relations, but also pay attention to the positive aspects," he said, while stressing China's commitment to peaceful development and win-win cooperation
"The more China develops, the more it can contribute to the world." 

Related Stories
Share this page
Touched Sympathetic Bored Angry Amused Sad Happy No comment

China says a trade war would harm all sidesChina increases enrollment of graduate students amid efforts to become innovative nationChina 'has the edge' in the war for 5G and the US and Europe could fall behindStable China-US relationship beneficial to all: officialUS trade document gravely concerns BeijingWill UnionPay challenge the duopoly of Alipay, WeChat Pay on mobile payments in 2018?Starbucks laser-focused on China marketHealth regulator triggers debate after deriding ejiao, a traditional Chinese medicineHealth regulator triggers debate after deriding ejiao, a traditional Chinese medicineIndian film to arrive in Chinese cinemas
< Prev Next >