Saturday, May 11, 2024
News

China criticises "bewildering" US trade policies in face of curbs from Washington

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Beijing | March 8, 2024 12:26:06 AM IST
Chinese Foreign Minister Wang Yi criticised the United States for its "bewildering" trade policy, describing it as a series of "unfathomable absurdities," CNN reported.

In a press conference held on the sidelines of a political gathering in Beijing, Wang accused Washington of employing various tactics to suppress China, highlighting the growing list of unilateral sanctions as reaching "bewildering levels of unfathomable absurdity."

Wang questioned the confidence of the United States as a major country, stating, "If it gets jittery whenever it hears the word China, where is its confidence as a major country?"

He further disparaged the US for pursuing its prosperity while denying other countries legitimate development, raising concerns about international fairness. Wang also pointed out the US' persistent efforts to monopolise the high end of the value chain, leaving China at the low end, questioning the principles of fairness and competition, as reported by CNN.

The Chinese diplomat's remarks were delivered during the annual Foreign Minister's briefing, a highly choreographed event that provides a platform for China to express its foreign policy vision to a global audience.

Wang's comments on the US come amidst ongoing efforts by Washington to restrict China's access to high-end technology. The White House has recently tightened controls on the types of semiconductors that US companies can sell to China, aiming to prevent American technology from being used to support the Chinese military.

The US has also imposed sanctions on Chinese entities over various issues, including allegations of human rights abuses in Xinjiang, involvement in the illicit fentanyl trade, and support for Russia's invasion of Ukraine.

Wang's remarks underscored the challenges in the US-China relationship, even as he acknowledged "some improvements" since the summit between US President Joe Biden and Chinese leader Xi Jinping in November, CNN reported.

In a notable contrast to his criticism of the US, Wang praised China's growing relationship and record trade with Russia, emphasising this positive aspect early in the press conference when the first question was taken from a Russian state media reporter.

Wang's comments coincided with a period of relative stability in US-China relations. While adopting a softer tone at times, he called on Washington to collaborate with Beijing and bring the relationship back on track for stable, sound, and sustainable development.

During the political gathering, China emphasised its commitment to bolstering self-reliance and strength in science and technology. The government announced plans to increase the annual budget for science and technology by 10 per cent, reaching an unprecedented 370.8 billion yuan (USD 51.6 billion). This significant boost reflects China's determination to enhance self-reliance in the face of technological frictions with the US.

Wang also addressed simmering tensions in the disputed South China Sea, where recent non-lethal but increasingly tense clashes between Chinese and Philippine vessels have raised concerns about the potential for conflict. Wang urged certain countries outside the region not to provoke or stir up troubles, seemingly directing a jab at the US presence in the area.

Regarding Taiwan, Wang's comments caught the attention of observers closely monitoring any shifts in Chinese policy. While Premier Li Qiang's report on Tuesday used the phrase "China's reunification," Wang emphasised the importance of "peaceful reunification" in response to a question about Taiwan's recent election of Lai Ching-te.

Wang reiterated China's opposition to any support for Taiwan independence, warning that those who support it will "get burned for playing with fire," CNN reported. (ANI)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE WORLD NEWS
IMF warns of high downside risks for Pak...
Taiwan reports surge in Chinese military...
US adds 37 Chinese entities to trade res...
India-France to hold 7th edition of Exer...
Former Pak Minister reacts after Delhi C...
PoJK's Muzaffarabad paralysed by strike ...
More...
 
INDIA WORLD ASIA
'To create fear during elections': Ahmed...
All important work in Odisha starts on s...
'Congress will raise the share of manufa...
'Govt worked more, talked less in last 1...
Two killed as heavy rains lashes Uttarak...
Are you ready to retire at age of 75? Te...
More...    
 
 Top Stories
Honoring the Heartbeat of Every Hom... 
Delhi Capitals receive major blow i... 
Group Landmark's Automark Celebrate... 
"Lacks knowledge or has such love f... 
French striker Kylian Mbappe to lea... 
Profit of Eicher Motors surged by 1... 
Oscar nominee John Malkovich joins ... 
Vani IVF Centre Expands Reach with ...