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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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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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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’