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China says wants 'calm' resolution to US trade war
BEIJING: China is willing to resolve its trade dispute with the United States through "calm" negotiations and resolutely opposes the escalation of the conflict, Vice Premier Liu He, who has been leading the talks with Washington, said on Monday.
The increasingly bitter trade war between the world's two largest economies sharply escalated on Friday, with both sides levelling more tariffs on each other's exports.
U.S. President Donald Trump announced an additional duty on some $550 billion of targeted Chinese goods on Friday, hours after China unveiled retaliatory tariffs on $75 billion worth of U.S. goods.
However, Trump appeared on Sunday to back off on his threat to order U.S. companies out of China.
Liu, speaking at a tech conference in southwest China's Chongqing, said nobody benefited from a trade war.
"We are willing to resolve the issue through consultations and cooperation in a calm attitude and resolutely oppose the escalation of the trade war," Liu, who is President Xi Jinping's top economic adviser, said, according to a government transcript.
"We believe that the escalation of the trade war is not beneficial for China, the United States, nor to the interests of the people of the world," he added.
U.S. companies are especially welcome in China, and will be treated well, Liu said.
"We welcome enterprises from all over the world, including the United States, to invest and operate in China," he added.
"We will continue to create a good investment environment, protect intellectual property rights, promote the development of smart intelligent industries with our market open, resolutely oppose technological blockades and protectionism, and strive to protect the completeness of the supply chain."
It was not clear exactly how Trump could get U.S. companies to leave China.
U.S. Treasury Secretary Steven Mnuchin said Trump could order companies out of China under the International Emergency Economic Powers Act if he declared a national emergency.
The trade war has damaged global growth, upset allies, and raised market fears that the world economy will tip into a recession.
Global stock markets reeled on Monday after the latest measures, while China's yuan currency fell to a fresh 11-year low. Investors streamed into the safe harbours of sovereign bonds and gold.
Chinese state media on Monday blasted the United States.
The official China Daily said in an editorial that Washington would "never be allowed to control China's fate".
"It has become unquestionably clear that his administration's tariff war against China is politically motivated. What Washington wants from its largest trade partner is for it to be content to play second fiddle and meekly do as it demands," the English-language paper wrote in an editorial.
"Washington has again taken the initiative to escalate the fight in the hope that Beijing will throw in the sponge as early as possible. But Beijing regards the trade war as an unavoidable trial by fire, from which the country will emerge stronger."
The Global Times, a widely-read tabloid published by the ruling Communist Party's official People's Daily, said leaving the Chinese market would be "suicide" for U.S. companies, especially for auto firms.
"U.S. companies are welcome to invest and operate in the Chinese market, but if some U.S. companies want to obey Trump's order and join Washington's trade war, the result is bleak. A decision to give up the Chinese market is just suicide," the paper said in its editorial.
- Reuters
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Discussions
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LynasToxin you are wrong ,latest news confirmed China deputy premier Liu Hek刘鹤 make the call twice.That's why all your info are wrong.
2019-08-27 15:13
enning22 > Aug 27, 2019 3:13 PM | Report Abuse
LynasToxin you are wrong ,latest news confirmed China deputy premier Liu Hek刘鹤 make the call twice.That's why all your info are wrong.
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news came from your social media group...............lol.....
2019-08-27 15:15
you can shut your eyes and see nothing, then satisfied yourself and said nothing had happened.
2019-08-27 15:24
Beijing has cast doubt on whether trade talks are set to resume, with its foreign ministry contradicting US President Donald Trump’s claim that China had sought a return to the negotiating table and state media saying the countries were in touch only at a “technical level”. (SCMP)
2019-08-27 15:43
in touch only at a “technical level”?what so technical?? playing with words ,just to hide something? they fools no one, only the naivete
2019-08-27 15:49
Falun gong is like taiqi- quan,an exercise good for old people ,when the communist need enemy ,the made every body anywhere their enemy, latest victims are the freedom loving hongkong people.
2019-08-27 15:56
I can smell a Falun Gong from 20km away
The way they talk betray their identity
2019-08-27 16:01
why do freedom loving ppl block foreigners from boarding planes at the airport ? At least, these foreigners will spread the news of what happened to them when they finally reach their home.
2019-08-27 16:02
Good question Junichiro
But Falun Gong doesn't care
As Long as china they will smear and badmouth
2019-08-27 16:03
Washington wants a falungung, and 2019 still got falungung.....scary.............
2019-08-27 16:06
enning...wake up...China and the CCP is a force for good for China and the world............
very impressive...80% of the motobikes in China are e bikes.......impressive or not? Its called China speed..........
2019-08-27 16:14
the idea of finding or making and irrelevent issue,some chinamen can hide their naivete,ignorant faces in some coconut shell .
without making these kind of ploy, someone may go insane.
2019-08-27 16:15
at this rate....all the China cities will be the world greenest cities very shortly.............
2019-08-27 16:15
don't be silly ,"ghost cities" is also a big problem.I seriously doubt you know about ghost cities in China
2019-08-27 17:09
China is one sixth of humanity.....The way to understand China is to see its direction not through its ghost cities......................
China nothing happens by chance, Every thing is a result of good competent government.
2019-08-27 19:30
Like qqq3 said, be happy and positive
Focus on the booming cities, not a few ghost cities
2019-08-27 20:42
falungung ennings want to move HK?
very liberal, school textbooks very critical of China
https://www.youtube.com/watch?v=BKg5CSloMT8
20 years after 1997.....why is it like that?
for the rest of us....where u rather be? HK or China mainland?
2019-08-28 10:37
it shows China is a very huge country. They have left HK alone .....and see what happens ?
2019-08-28 11:10
Icon8888 > Aug 27, 2019 8:42 PM | Report Abuse
Like qqq3 said, be happy and positive
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yes, Ah Weng lost horse also can be blessing in disguise.
China media doing a wonderful job.
2019-08-28 11:17
https://www.youtube.com/watch?v=Pceh-mYGuds
What do German computer scientists think of China's growth?
2019-08-28 11:23
No Hong Kong housing crisis if ex-leader Tung Chee-hwa had stuck to goal of 85,000 flats a year.
“However under the pressure of public opinion, especially the opposition bloc in the Legislative Council, we couldn’t continue our push,”
The Pan-Democrats responsible for the housing crisis. They fear the value of their apartments will come down.
2019-08-28 11:33
y Junichiro > Aug 28, 2019 11:33 AM | Report Abuse
The Pan-Democrats responsible for the housing crisis
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again, it is politics that is cause of evil........China no such problem.
2019-08-28 11:43
I finally figured out why HK youths so violently anti China.....It starts from the schools. Liberal studies is a compulsory subject in HK. Liberal studies textbook very anti China. Liberal studies is the poison.
Several years ago, they wanted to introduce patriotic studies and was soon dropped after violent protests.
HK pride is in their being not China.
Too bad those in charge of education did not update their perceptions. When One country two systems was invented, Shenzhen was a fishing village, today Shenzhen GDP larger than HK.
Liberal studies just like falungung and those Tiannanmeng anniversaries have poisoned those HK youths....including their teachers and professors.....It is only the business communities who are in touch with reality.
2019-08-28 12:11
it is a subject that HK Ministry of Education gives schools flexibility to design their own textbooks
so the schools come up with all kind of nonsense, badmouthing China and sowing hatred among the youth
2019-08-28 12:15
another reason of the current riot is because almost all HK judges are whites
legacy of British colonialism
judges don't change just because of change of government. They are changed when they retire or die (just like US)
so you have all these kwailo senior judges up there protecting the rioters
they sentence rioters to few days jail but sentenced police that uses force to several years
that is why the police also cannot effectively control the situation
2019-08-28 12:19
another factor is the Vietnamese population there
during Vietnam war, the british let a lot of Vietnamese to migrate to HK
now their descendants are strongly anti china
now they are on the streets
(according to a video on youtube)
2019-08-28 12:20
icon...the 2 of us get to the root cause, but will never seen it in CNN or any world news net works..........
2019-08-28 12:39
Icon8888 > Aug 28, 2019 12:19 PM | Report Abuse
they sentence rioters to few days jail but sentenced police that uses force to several years
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that is another root cause.
2019-08-28 12:40
by Iquack > Aug 28, 2019 12:52 PM | Report Abuse
if u like communist...go and stay in China larr..dun spoil Malaysia
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its China....They call it the People's Republic of China.
2019-08-28 13:05
Berambu kau komunis. Ini negara Islam. Kalau suka sangat komunis, jangan tinggal kat Malayland!
2019-08-28 13:43
what every protestor got wrong...............they think One country two systems is given to them by Britain. .....The reality it is a China invention
2019-08-28 16:26
Saya telah membuat aduan PDRM terhadap Icon888. Dia ni komunis. Harus dipenjara.
osted by Icon8888 > Aug 28, 2019 12:20 PM | Report Abuse
another factor is the Vietnamese population there
during Vietnam war, the british let a lot of Vietnamese to migrate to HK
now their descendants are strongly anti china
2019-08-28 16:40
China practices state capitalism; the government owns many large firms and decides which industries will receive subsidies, protected markets and favorable loans.
https://www.japantimes.co.jp/opinion/2019/01/14/commentary/world-commentary/china-clings-state-capitalism/
SORRY FOR THOSE DUMB PEOPLE.
2019-08-29 17:18
Posted by Junichiro > Aug 28, 2019 11:33 AM | Report Abuse
No Hong Kong housing crisis if ex-leader Tung Chee-hwa had stuck to goal of 85,000 flats a year.
“However under the pressure of public opinion, especially the opposition bloc in the Legislative Council, we couldn’t continue our push,”
The Pan-Democrats responsible for the housing crisis. They fear the value of their apartments will come down.
THOSE PAN-DEMOCRATS HAD BEEN BOUGHT BY THE WEALTHY DEVELOPERS.
2019-08-29 17:34
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LynasToxin > Aug 27, 2019 2:49 PM | Report Abuse
China denied that they had called trump to negotiate. Trump was lying.
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sure la...Wall Street commentators will grab any thing to get people to buy shares...............
2019-08-27 15:04