Chinese Prime Minister Lee Qiang confirmed to a forum for businessmen in Beijing on Sunday that his country “will adhere to the right direction of economic globalization” in the face of “fragmentation”, in an implicit reference to the commercial turmoil raised by US President Donald Trump.
The annual Chinese Development Forum is held in light of the renewed trade war with Washington, as Trump’s return to the White House is a threat to Chinese exports.
Since the end of the Kofid’s pandemic, Beijing has been seeking to direct its economy towards a more stable path, especially by enhancing consumption.
It also seeks to confirm the role of the country as a strong defender of the multilateral economic system, while Trump is opening confrontations with major commercial partners of the United States such as China, Canada and Mexico, against the backdrop of increasing customs tariffs on its exports.
“China will steadfastly stand on the right side of history, as well as fairness and justice, and will act in a right way under the disturbances of time,” Lee Qiang told Chinese officials and international businessmen.
The Prime Minister added that China “will adhere to the right direction of economic globalization, exercise real pluralism and fight to be a power of stability and certainty.”
He warned that “global economic fragmentation is exacerbated today,” and said that “instability and uncertainty are increasing.”
https://www.youtube.com/watch?v=n1jcrhwsnng
Chinese openness
In recent weeks, Beijing has expressed an open position on entering into commercial talks with Trump.
On Saturday, US Senator Steve Diesez, the official in charge of economic affairs, “He is Leving”, met during a visit to Beijing, which was considered an attempt to ease tension in relations.
Denz is scheduled to meet with the Prime Minister on Sunday to hold talks that are expected to take many contentious topics such as fentian flow and chemicals used to manufacture this narcotic substance from China to the United States, where it kills thousands.
Trump says he decided to impose new customs duties on China, because Beijing has failed to stop the shipments of these chemicals, which are a major part of the destroyed drug crisis.
However, Beijing insists that it takes strict measures against the illegal drug production and trade, and described this issue as a issue of Washington and it has to resolve it itself.
During his meeting with Denz, “He” said that “China” is strongly opposed to politicizing and exploiting economic and trade issues. “
“He is Leving” that China is ready “to enter into an explicit dialogue” with the United States to solve controversial issues, noting that the two countries have “many common interests and a wide area of cooperation.”
The customs duties imposed by Trump since assuming his post in January have a comprehensive increase of 20% on Chinese exports to the United States.
The country’s exports reached record levels last year, but observers warn that the unrest in the global trade system may force Beijing to find other ways to enhance its economic activity.
