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Catherine Wong

Chinese Vice-President Wang Qishan has said Beijing should remain committed to economic globalisation despite the challenges posed by the trade war with the United States.
Wang made the remarks on Monday with China and the US poised to resume their trade negotiations, which stalled in May, since the US slapped further tariffs on Chinese imports.
“China’s development can’t be separated from the world, and the world’s development cannot be separated from China,” Wang said in an opening address to the World Peace Forum at Beijing’s elite Tsinghua University.
“Major nations have to shoulder more responsibility and make greater contributions to the stability and peace of the world,” he said.




“They should promote common security through seeking common interest, and we oppose the practice of protectionism in the name of national security.
“China will seek development through reform and innovation, and is determined to open up to learn the advantages of other nations.”
Wang said China would not seek hegemony, and that different political, cultural and religious norms should not exclude each other. Joint efforts should be made to promote economic globalisation, he argued.
“Economic globalisation is the main trend,” he said. “We will see challenges and turbulence in the path ahead. But we have to stick to the principle of peaceful development, and not be shaken in pushing ahead with economic globalisation.”




Wang advocated more dialogue about cooperation on economic, financial, technological and energy matters.
A close ally of Chinese President Xi Jinping and known as China’s “firefighter” for taking on tough jobs, 71-year-old Wang has experience of dealing with Washington as a vice-premier, having overseen financial affairs and economic ties with the US.
He became familiar with American business and political leaders – especially those with a Wall Street background such as Henry Paulson, who was treasury secretary in the George W. Bush administration – and has continued meeting them since becoming vice-president last year.
But he said last week that his main task was “ceremonial diplomacy”, amid speculation that he had played a behind-the-scenes role in trade talks with Washington.
Wang’s latest remarks came with China and the US beginning to re-establish dialogue to resolve their trade war, with Xi and US counterpart Donald Trump meeting on the sidelines of the Group of 20 summit in Japan last month.
Trump said after the presidents’ meeting that China would buy more US agriculture products and American companies would once again be allowed to sell to Chinese telecoms maker Huawei. Chinese state media said last week that China would not purchase more American products if the US were to “flip-flop” in forthcoming trade negotiations.
Additional reporting by Kristin Huang


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Wang’s comments came as the China and the US are poised to resume their trade negotiations. Photo: Reuters

Wang Qishan arrives to attend the World Peace Forum in Beijing on Monday. Photo: Reuters

Chinese economists warn Beijing to prepare for decoupling from US

Some observers in China say decoupling from the US is unlikely to happen because of the deep economic and commercial ties between the two countries. Photo: AFP

U.S. President Donald Trump attends a bilateral meeting with China's President Xi Jinping during the G20 leaders summit in Osaka, Japan, June 29, 2019. REUTERS/Kevin Lamarque

China won’t buy US agricultural products if Americans ‘flip-flop’ in trade talks – state media

China wants to see if the US eases restrictions on Huawei before it commits to buying American soybeans. Photo: AP

epa07681958 An aerial view of the port and logistics hub in Lianyungang, Jiangsu Province, China, 20 May 2019, issued 29 June 2019. Media reports on 29 June 2019 state that US President Donald J. Trump and Chinese President Xi Jinping reached an agreement on the sidelines of the G20 summit in Japan to resume trade negotiations. Trump said the US would not impose further tariffs in a trade war stating, 'trade talks back on track.' EPA-EFE/ALEKSANDAR PLAVEVSKI

FILE PHOTO: A worker refurbishes a Huawei cell phone at a workshop of the Oxflo company, specialised in refurbishment of broken European smartphones which will be resold and provided with a warranty as part of an eco-responsible approach, in Lusignac, France, June 20, 2019. REUTERS/ Regis Duvignau/File Photo

US President Donald Trump announced the agricultural purchases after meeting Chinese counterpart Xi Jinping during the G20 summit. Photo: DPA

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Stalled trade talks between the US and China are due to restart next week. Photo: Xinhua

FILE - In this Sept. 26, 2018 file photo, a staff member uses a laptop at a display for 5G wireless technology from Chinese technology firm Huawei at the PT Expo in Beijing. The European Commission recommends member countries share information as part of new cybersecurity measures for next-generation mobile networks. However, the commission is ducking U.S. calls to ban Chinese tech supplier Huawei. The executive Commission on Tuesday, March 26, 2019 released its roadmap for securing new ultrafast fifth-generation, or 5G, telecom systems that European Union countries will soon start rolling out. (AP Photo/Mark Schiefelbein, File)

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There have been reports that India has been reluctant to lower tariffs because it is worried about a higher trade deficit with China. Photo: AP

Ministers from 16 Asia-Pacific countries pose for photos ahead of their meeting in Singapore on Nov. 12, 2018, on creating the Regional Comprehensive Economic Partnership free trade pact (Kyodo) ==Kyodo

Leaders of the Association of Southeast Asian Nations (ASEAN) from left, Malaysian Prime FILE - In this June 23, 2019, file photo, South East Asian leaders pose for a group photo during the opening ceremony of the ASEAN leaders summit in Bangkok, Thailand. Southeast Asian leaders have pressed their call for self-restraint in the South China Sea as chief claimant China feuds with the U.S. over trade and territorial disputes flare anew between Beijing and the Philippines. (AP Photo/Gemunu Amarasinghe, File)

Is ‘firefighter’ Wang Qishan working behind the scenes on trade talks?

Wang Qishan, 71, has not taken a public role in the trade war between China and the US. Photo: AP

China's Vice Premier Wang Qishan (L) and U.S. Treasury Secretary Henry Paulson smile as they walk together at the Strategic Economic Dialogue at the U.S. Naval Academy in Annapolis, Maryland June 18, 2008. REUTERS/Jonathan Ernst (UNITED STATES)

Chinese Vice President Wang Qishan, right, speaks with Mexican Foreign Relations Secretary Marcelo Ebrard during a meeting at the Zhongnanhai leadership compound in Beijing, Monday, July 1, 2019. (AP Photo/Andy Wong, Pool)

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Protectionism should be opposed, he says, with US and China set to resume trade talks
China is ‘determined to open up to learn the advantages of other nations’



Protectionism should be opposed and Beijing is ‘determined to open up to learn the advantages of other nations’, he says, with US and China set to resume trade talks.


US-China trade war: All stories

US-China relations

Wang Qishan

Globalisation is best way through the trade war, China’s Vice-President Wang Qishan says

Protectionism should be opposed, he says, with US and China set to resume trade talks China is ‘determined to open up to learn the advantages of other nations’

Protectionism should be opposed, he says, with US and China set to resume trade talks

China is ‘determined to open up to learn the advantages of other nations’