-
Advertorial
-
FOCUS
-
Guide
-
Lifestyle
-
Tech and Vogue
-
TechandScience
-
CHTF Special
-
Nanshan
-
Futian Today
-
Hit Bravo
-
Special Report
-
Junior Journalist Program
-
World Economy
-
Opinion
-
Diversions
-
Hotels
-
Movies
-
People
-
Person of the week
-
Weekend
-
Photo Highlights
-
Currency Focus
-
Kaleidoscope
-
Tech and Science
-
News Picks
-
Yes Teens
-
Budding Writers
-
Fun
-
Campus
-
Glamour
-
News
-
Digital Paper
-
Food drink
-
Majors_Forum
-
Speak Shenzhen
-
Shopping
-
Business_Markets
-
Restaurants
-
Travel
-
Investment
-
Hotels
-
Yearend Review
-
World
-
Sports
-
Entertainment
-
QINGDAO TODAY
-
In depth
-
Leisure Highlights
-
Markets
-
Business
-
Culture
-
China
-
Shenzhen
-
Important news
在线翻译:
szdaily -> Important news -> 
US URGED TO MAINTAIN STABILITY OF BILATERAL TRADE
    2018-03-26  08:53    Shenzhen Daily

CHINESE Vice Premier Liu He had a phone conversation with U.S. Treasury Secretary Steven Mnuchin on Saturday morning, urging concerted efforts to maintain the stability of China-U.S. trade ties.

During their conversation, Mnuchin briefed the Chinese side on the latest development of the Section 301 investigation report released by the U.S. side.

Liu, for his part, noted the report violates global trade rules, and is detrimental to the interests of China, the United States as well as the whole world.

The Chinese side is ready and capable of safeguarding its national interests, said Liu, who is also a member of the Political Bureau of the Communist Party of China Central Committee, director of the General Office of the Central Leading Group for Financial and Economic Affairs and the leader of the Chinese side in the bilateral Comprehensive Economic Dialogue.

He expressed the hope that the two sides will stay rational and work together to maintain the overall stability of their economic and trade relations.

The two sides agreed to maintain communication over the issue.

In a TV interview with U.S. Bloomberg on Friday, Chinese Ambassador to the United States Cui Tiankai said China will fight against any possible trade war.

Cui said the Chinese side is clearly against any unilateral protectionist moves and a trade war, which “would hurt everybody, including the United States itself, and that would certainly hurt the daily life of the American middle-class people, the American companies and the financial market.”

He said any disputes and differences between the two countries should be solved through dialogues and consultations, and China will never yield to threats or coercion.

Cui added that the U.S. accusation of China’s trade practices, as well as that on intellectual property rights, for instance, is groundless.

When asked about the proposed U.S. restrictions on investment from China, Cui said that action will not make any positive political or economic sense since the measure “is not based on good reason,” which may hurt the U.S. local economies, cause losses of jobs and eventually do harm to the U.S. economy as a whole.

Foreign Ministry Spokesperson Hua Chunying on Friday reaffirmed China’s position on the U.S. trade moves, saying that China will fight to the end in any trade war and urging the United States to make rational and prudent decisions.

Despite strong warnings from business groups and trade experts, U.S. President Donald Trump on Thursday signed a memorandum that could impose tariffs on as much as US$60 billion in Chinese imports, and restrictions on Chinese investment in the United States.

A White House trade adviser told reporters that retaliation could be difficult for China.

In response, Hua said these remarks miscalculated the situation, underestimated China’s resolve and capability to defend its own legitimate rights and interests, as well as the price the United States has to pay for its recklessness and willfulness.

Hua said the United States imported low-cost, labor-intensive products from China in large quantities, which considerably lowered the consumption costs for U.S. consumers and increased consumer surplus. This in fact improved consumer welfare and also helped the U.S. curb inflation in the larger sense. As such, the U.S. has benefited greatly from trade with China both at the micro and macro level, Hua said.(Xinhua)

 

深圳报业集团版权所有, 未经授权禁止复制; Copyright 2010, All Rights Reserved.
Shenzhen Daily E-mail:szdaily@szszd.com.cn