Sino US trade war pressure on the Chinese side is bigger than the US side? Ministry of foreign affairs responded

Sino US trade war pressure on the Chinese side is bigger than the US side? Ministry of foreign affairs responded

Original title: Geng Shuang: trade wars hurt people and discuss who loses one thousand and who loses eight hundred does not make sense.

"Foreign Ministry Spokesperson's Office" public number (xws4_fmprc) news, in September 14, the Ministry of Foreign Affairs routine press conference, a reporter asked: According to media reports, the United States recently said that the loss caused by the Sino-US trade war to the United States is smaller than the loss caused by China, China is facing greater pressure than the United States. China's economy looks bad. Business and investment are collapsing. What is China's response to this?

Geng Shuang: China's position on Sino US economic and trade frictions is clear and consistent. We have always emphasized that trade wars can not solve problems, but only harm others. There is a saying in China that "one thousand enemies are injured and eight hundred are injured by oneself". I think it is meaningless to discuss who loses one thousand and who loses eight hundred.

I think you may have noticed that at a recent hearing in the United States on the proposed tariff increase on $200 billion of Chinese products, the overwhelming majority of the delegates at the meeting believed that the tariff increase would harm American enterprises and even destroy related industries. In its written submission, the American Chamber of Commerce said that tariffs would cause significant harm to American consumers, workers, companies and the U.S. economy. Of the more than 1,400 comments received by the Office of the U.S. Trade Representative, most agreed that higher tariffs would push up the cost of living for Americans in everything from cradle to grave, everyday life.

Just yesterday, the American Chamber of Commerce in China and the American Chamber of Commerce in Shanghai issued a report showing that nearly two-thirds of American enterprises in China believe that the first round of US $50 billion tariffs imposed by the United States has affected their business in China, more than 70 percent of American enterprises in China believe that the proposed $200 billion tariff will have a negative impact on them, and the US government's customs Tax measures will backfire.

We once again urge U.S. policy makers to listen to the strong voices of the U.S. industry and consumers, to listen to the consensus of the international community on multilateralism and free trade, to return to rationality as soon as possible, and to stop unilateralism and trade protectionism.

As for China's economic situation, according to the latest statistics, China's GDP growth in the first half is 6.8%. The total import and export volume increased by 9.1% from January to August, and the newly established foreign-funded enterprises in China increased by 102.7% compared with the same period last year. Despite increasing external uncertainties and unstable factors, China's economy as a whole remains stable and stable. The Chinese government is confident and able to ensure steady and healthy economic development.

Finally, as my colleague from the Ministry of Commerce and I said yesterday, China has received an invitation from the United States to hold a new round of consultations on economic and trade issues and welcomes this. The escalation of trade conflicts does not conform to the interests of any party, and dialogue and consultation on the basis of equality and good faith is the only correct way to solve the problem.

Editor in chief: Gui Qiang

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