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Amid trade talks, China urges U.S. to respect its right to develop, prosper

6 Comments

The United States should respect China's right to develop and become prosperous, the Chinese government's top diplomat told a visiting U.S. delegation, reiterating that the country's doors to the outside world would open wider.

The world's two largest economies began their latest round of trade talks this week to resolve a bitter dispute in which each has levied tariffs on imports from the other.

The United States has accused China of unfair trade practices, including forced technology transfers, charges it has denied.

Respect and cooperation are the correct choice for both countries, something the international community hopes to see, State Councillor Wang Yi told the delegation of U.S. business leaders and former officials in Beijing on Tuesday.

"Just like the United States, China also has the right to development, and the Chinese people also have the right to have a good life," the foreign ministry paraphrased Wang as saying, in a statement issued on Wednesday.

"The U.S. side should recognize that China's development is in the world's interest, as well as the United States'. Only by seeing China's development as an opportunity for the United States can this help resolve certain problems, including trade and economic ones," Wang said.

China's reform and steps to open up are in line with its development needs, and its doors to the outside world will open ever wider, he added, repeating previous government pledges.

"As long as China and the United States proactively meet each other halfway, then trade and economic cooperation can still play a role as a ballast stone in Sino-U.S. ties," he said.

The U.S. delegation included former U.S. National Security Adviser Stephen Hadley, U.S. Chamber of Commerce Executive Vice President Myron Brilliant, and U.S. Chamber of Commerce China Center President Jeremie Waterman.

On Tuesday, President Donald Trump said trade talks with China were going well and suggested he was open to pushing back the March 1 deadline to complete negotiations, saying it was not a "magical" date.

Tariffs on $200 billion worth of Chinese imports are set to rise to 25 percent from 10 percent by March 1 if the partners do not settle their trade dispute, but Trump has suggested several times that he would be open to postponing the deadline.

Negotiations in Washington this week follow a week of talks in the Chinese capital that ended last week without a deal but which officials said had brought progress on some key issues.

Widely-read tabloid the Global Times, published by the ruling Communist Party's official People's Daily, said in a Wednesday editorial that both sides must remain calm during the current talks, but that Washington must not force anything on Beijing.

"U.S. demand for China's structural reform must stay in line with China-U.S. trade cooperation and coordinate with China's reform and opening-up. The talks must not try to force Beijing to change its economic governance or even its development path," it said.

"China and the U.S. must sign an agreement that will inspire their people, heralding accelerated economic development."

© (c) Copyright Thomson Reuters 2019.

©2019 GPlusMedia Inc.

6 Comments
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Your right to develop and prosper doesn't come at the cost to your trading partners.

-1 ( +2 / -3 )

If China's Belt and Road develops according to plans, and if Russia's Eurasian Economic Union grows, and Trump continues to alienate nations formerly known as allies, the US could well become a second tier nation. But that would be OK with Trump as long as his companies get richer.

Does anyone know if Trump's selling rights to the Trump brand name to China or Russia? Lots of hotel/casino/golf course possibilities in the areas they're expanding into.

1 ( +1 / -0 )

You know something is true if both Democrats and Republicans in America agree on something. Both sets of American politicians refer to China as a 'trade cheat'. There really isn't much more to say. China wants all the benefits of being a WTO member without playing by its rules.

0 ( +2 / -2 )

The Chinese people can rise and develop. The evil-fake-government that holds China's populace hostage has no "rights" whatsoever. Countries like the USA, Japan, Germany, et hoc gens omne, are imperfect but try to do right, at their better moments, by their populations. China is a top-down totalitarian state. It gets no respect and should not.

0 ( +3 / -3 )

How can it be possible that the USA will respect China's right to develop and prosper?

It has all been America First!

Look how Washington betrayed 'ally' and democratic ROC-TW by being the author and the first to cut-off diplomatic ties with Taipei then brutishly ordering Japan and the rest of the world to follow the leader!

President Xi should not be so naive and not repeat PM Shinzo Abe's mistake which he learned the hard way .

0 ( +0 / -0 )

The US does not like competition. It knows it has no chance of beating China.

0 ( +0 / -0 )

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