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在线翻译:
szdaily -> News -> 
CHINA WELCOMES US TREASURY SECRETARY’S PROPOSED TRIP
    2018-04-23  08:53    Shenzhen Daily

CHINA has received information that the U.S. Treasury Secretary Steven Mnuchin wishes to make a trip to China to negotiate economic and trade issues, according to a Ministry of Commerce (MOC) statement issued yesterday.


The statement quoted an unnamed spokesperson for the MOC as saying China welcomes this information.


Meanwhile, Christine Lagarde, managing director of the International Monetary Fund (IMF), on Saturday called on the United States and China to resolve trade tensions through rules-based multilateral institutions.


At a press conference after concluding a meeting of the International Monetary and Financial Committee (IMFC), the IMF’s policy-setting committee, Lagarde said that the United States and China should work on the basis of free trade and within the framework of the rules-based multilateral institutions.


“It is important that as a global community we keep trade open and ensure that we work within the multilateral system. We have to make sure that if there are disputes, those disputes are resolved,” said Lesetja Kganyago, IMFC chairman and governor of the South African Reserve Bank.


Lagarde’s advice came as Mnuchin said Saturday that he was considering a trip to Beijing to discuss trade issues with his Chinese counterparts.


“I am not going to make any comment on the timing, nor do I have anything confirmed, but a trip is under consideration,” Mnuchin told reporters.


The Trump administration has recently threatened to impose tariffs on up to US$150 billion  of Chinese imports, while China has vowed to retaliate against U.S. exports if the Trump administration moves forward with the tariffs.


Unilateralism and trade protectionism will inevitably harm others without benefiting oneself as the global economy is deeply integrated, China’s Foreign Ministry spokesperson Hua Chunying said Thursday.


Citing a report from the Brookings Institution, Hua said a U.S.-China trade war would result in a loss of more than 2.1 million jobs in 2,700 U.S. counties.


The mooted U.S. move on setting limits for Chinese investment in science and technology is an act of technological oppression, Hua said at another press conference Friday.


Media reported that the U.S. Treasury Department is considering ways to restrict sensitive Chinese investment in the United States by invoking an emergency power law and declaring some security review reforms for corporate acquisitions.


Hua said that while the United States required China to open up its market, it imposed restrictions on Chinese trade and investment.


“It is being unreasonable and hegemonic in suppressing China’s economic growth and scientific and technological development on national security grounds,” she said. “Technology should serve the interests of humanity rather than be a tool to advance one nation’s power over another.”


China contributed 57.5 percent to global scientific and technological progress last year and more than 30 percent to global growth, according to Hua.


“Nothing can slow the pace of China’s technological innovation,” she said.


(Xinhua)

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