www射-国产免费一级-欧美福利-亚洲成人福利-成人一区在线观看-亚州成人

USEUROPEAFRICAASIA 中文雙語Fran?ais
Business
Home / Business / Macro

Trade war would hurt everyone, Beijing says

By Wang Yanfei | China Daily | Updated: 2016-12-19 07:05

Trade war would hurt everyone, Beijing says

A worker looks closely as containers are unloaded in Qingdao Port, Shandong province. [Photo/China Daily]

China hopes there will not be a trade war with the United States, which would harm not only the interests of the world's two biggest economies, but that of the whole world, Vice-Minister of Finance Zhu Guangyao said.

But while it sticks to "nonconflict, nonconfrontation, mutual respect and win-win" bilateral trade principles, Beijing will steadfastly safeguard its core interests, such as sovereignty, he said at a forum on Saturday held by the China Center for International Economic Exchanges, a government think tank.

Zhu highlighted the importance of enhancing communication amid possible future trade tensions between the two major global trade players.

"Nonconfrontational cooperation is the only right choice when addressing bilateral trade conflicts. The two countries should recognize their shared interests and should give up any zero sum strategy.

"A trade war would do more harm than good for both countries, and China hopes it does not happen," he said.

Zhu cited a study by the US-based Peterson Institute for International Economics in September, saying that if high tariffs were to be imposed by president-elect Donald Trump, it would "plunge the US economy into recession and cost more than 4 million private sector American jobs".

Zhu's remarks came amid rising trade tensions between the two countries, with Trump's promise to pursue protectionist policies tending to paralyze bilateral commerce and trigger tensions. Trump's inauguration is Jan 20.

China and the US account for about 40 percent of the world economy and 20 percent of global trade. They have reached a better understanding on trade and investment issues via an annual dialogue, but differences remain, especially in areas like intellectual property rights, anti-dumping, trade deficits and the yuan.

Trump has pledged to label China as a currency manipulator and impose a 45 percent tariff on Chinese exports to the United States.

"China would properly address frictions first by negotiations, and then by going through consultation procedures under the World Trade Organization if a trade war occurs," Zhu said.

Zhu said the two nations could reach a high-level investment agreement that would be mutually beneficial, following years of remarkable increases in bilateral trade volume.

Trade between China and the US reached $558.4 billion in 2015, 228 times greater than the level in 1979, at the dawn of China's reform and opening-up era.

Zhang Xiaoqiang, vice-chairman of the government think tank, said that China would continue its opening-up policy as it plays a greater role in enhancing economic exchanges through regional programs, such as the Belt and Road Initiative and the Asian Infrastructure Investment Bank.

Robert Hormats, vice-chairman of the Kissinger Associates consulting firm and former US under secretary of state for economic growth, energy and the environment, told China Daily that the US made a mistake not joining the AIIB. He also said it would be unwise for Trump's administration to upend a good foundation for relations that has been carefully nurtured for many years.

"There should be thoughtful consideration and at least an attempt to work out differences," he said. Hormats suggested the Trump administration "take time" before making a policy shift in significant areas such as trade.

Most Viewed in 24 Hours
Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349
FOLLOW US
主站蜘蛛池模板: 国产精选在线播放 | 久青草免费在线视频 | 久久综合精品国产一区二区三区无 | 国产伦精品一区二区三区网站 | 美日韩一区二区三区 | 久久一日本道色综合久 | 久草视频福利 | 亚洲理论片在线中文字幕 | 亚洲国产欧美在线人成aaa | 精品视频免费在线 | 欧美三级三级三级爽爽爽 | 国产成人小视频在线观看 | 那里有黄色网址 | 国产高清在线观看视频手机版 | 国产欧美一区二区三区沐欲 | 免费观看日本视频 | 国产成人福利视频网站 | 天空在线观看免费完整 | 国产三级做爰在线观看视频 | 国产一区二区三区视频 | 欧美一欧美一级毛片 | 欧美特级午夜一区二区三区 | 国产97视频在线 | 欧美美女视频网站 | 国产午夜爽爽窝窝在线观看 | 国产精品亚洲一区二区三区在线观看 | 日韩午夜精品 | 97国产免费全部免费观看 | 亚洲三级视频在线观看 | 欧美久在线观看在线观看 | 久久高清免费视频 | 京野结衣免费一区二区 | 久久性生大片免费观看性 | 手机在线观看毛片 | 精品国产日韩亚洲一区二区 | 一道精品视频一区二区三区图片 | 久久成人精品免费播放 | 国产成人精品久久亚洲高清不卡 | 国内9l视频自拍 | 亚洲欧美日韩高清在线看 | 久久久久久精 |