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Amanda Lee

Chinese Vice-President Wang Qishan has criticised protectionism and reaffirmed China’s commitment to letting the market play a decisive role, after US President Donald Trump raised fresh doubts about an interim trade deal.
Without naming any particular nation, Wang said the international order was “under attack” because of protectionism and populism.
“The rise of protectionism and populism have given a shock to the international order and economic globalisation,” Wang said on Thursday in a speech at the New Economy Forum in Beijing, organised by Bloomberg. “We should abandon the zero-sum thinking and cold war mentality.
“We should continue advocating multilateralism and democratisation of international relations, building up a fair and reasonable global governance mechanism.”




He said each nation needed to manage its affairs well instead of “blaming and resenting others”.
Wang’s speech came amid wider tensions in the China-US relationship. The two nations have traded barbs over issues from human rights violations in Xinjiang to military deployment in the South China Sea.
Pompeo urges NBA to stand up to China, comparing Xinjiang to Orwell’s 1984
The US House of Representatives on Wednesday approved the Senate’s version of the Hong Kong Human Rights and Democracy Act – legislation that could pave the way for diplomatic action and economic sanctions against Hong Kong – to send it to the president to approve or veto.
Trump was expected to sign the bill into law, Bloomberg reported, citing a person familiar with the matter.




China and the US are working to assemble a partial trade agreement, but Trump said he was reluctant to conclude the deal because China was not offering enough.
“I can tell you this: China would much rather make a trade deal than I would,” he said while touring a manufacturing facility that produces computers for Apple.
“I don’t think they’re stepping up to the level that I want.”
China pressing Trump to remove more tariffs ahead of ‘phase one’ trade deal
Wang did not mention the prospects for a trade agreement in his speech, but he stressed that China was facing several external and internal challenges.
“We have to be proactive, stable, calm and cautious in every step we take while exploring the development path, taking into account the immediate and long-term situations we are facing and ensuring the steps we take are plausible,” he said.
He said China would follow through on policy changes despite the challenges, saying the market would have a decisive role to play in economic development and Beijing would stick to a path of peaceful development.
“Between war and peace, the Chinese people are determined to choose peace, which is cherished by humanity,” he said.
“Development must be balanced and inclusive. We need to work together to make economic globalisation work for all people across the world.”


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US-China relations

China’s Vice-President Wang Qishan hits out at ‘protectionism and populism’, as trade deal with US hangs in balance

Chinese staffers adjust flags in Beijing in February. On Thursday, China’s Vice-President delivered his speech at the New Economy Forum. Photo: Reuters

Chinese Vice-President Wang Qishan delivers his speech at the New Economy Forum in Beijing on Thursday. Photo: Reuters

China remains silent as Trump repeats threat to hike tariffs if trade war deal not reached soon

US President Donald Trump threatened for the second time in a week to “raise the tariffs even higher” on Chinese imports. Photo: Getty Images

Commerce Secretary Wilbur Ross says the White House remains “optimistic” that a trade deal can be reached. Photo: AP

China’s new industrial policy dismissed as ‘Made in China 2025’ rehash by critics in Washington

Beijing has announced a policy to upgrade China’s manufacturing sector that echoes its ‘Made in China 2025’ strategy. Photo: Bloomberg

(180511) -- QINGDAO, May 11, 2018 (Xinhua) -- Workers assemble a Fuxing bullet train at a factory in Qingdao, east China's Shandong Province, May 10, 2018. The new 16-carriage longer model of the Fuxing (Rejuvenation) bullet trains is currently under the final static vehicle testing by train maker CRRC in Qingdao. The Fuxing trains are expected to carry twice as many passengers when operations of the new longer model start. (Xinhua/Li Ziheng) (lmm)

China’s new industrial plan will pick a group of companies to become “sector champions” by 2025. Photo: Reuters

Henry Paulson is hopeful of a US-China trade deal soon, but both sides have to work hard to make further progress on their ties

Former US Treasury secretary Henry Paulson is confident that the US and China will reach a phase one trade deal soon. Photo: K.Y. Cheng

WASHINGTON, DC - NOVEMBER 05: Former U.S. Secretary of State Henry Kissinger speaks during a National Security Commission on Artificial Intelligence (NSCAI) conference November 5, 2019 in Washington, DC. The commission held a conference on "Strength Through Innovation: The Future of A.I. and U.S. National Security." Alex Wong/Getty Images/AFP == FOR NEWSPAPERS, INTERNET, TELCOS & TELEVISION USE ONLY ==

Chinese Vice President Wang Qishan speaks during the Bloomberg New Economy Forum in Singapore on November 6, 2018. (Photo by Roslan RAHMAN / AFP)

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Countries should stop ‘blaming and resenting others’, and abandon cold war mentality, he says in speech at New Economy Forum
Remarks come as Donald Trump says Beijing is ‘not stepping up to the level I want’ in making concessions towards a partial agreement



Countries should stop ‘blaming and resenting others’, and abandon cold war mentality, he says in speech at New Economy Forum, after Donald Trump says Beijing is ‘not stepping up to the level I want’ in making concessions.


Wang Qishan

US-China trade war

China’s Vice-President Wang Qishan hits out at ‘protectionism and populism’, as trade deal with US hangs in balance

Countries should stop ‘blaming and resenting others’, and abandon cold war mentality, he says in speech at New Economy Forum Remarks come as Donald Trump says Beijing is ‘not stepping up to the level I want’ in making concessions towards a partial agreement

Countries should stop ‘blaming and resenting others’, and abandon cold war mentality, he says in speech at New Economy Forum

Remarks come as Donald Trump says Beijing is ‘not stepping up to the level I want’ in making concessions towards a partial agreement