China wants trade deal with US, but will retaliate if needed, says Xi

Robie de Guzman   •   November 22, 2019   •   367

Chinese President Xi Jinping (R) speaks during a meeting with International Monetary Fund (IMF) Managing Director Kristalina Georgieva (not pictured) as Chinese Foreign Minister Wang Yi (C) looks on, at the Great Hall of the People in Beijing, China, 22 November 2019. EPA-EFE/JASON LEE

Beijing – China’s president said Friday his country wanted to work out an agreement with the United States to resolve the ongoing trade dispute but warned that he was also willing to take counter-measures if required.

This is the first public statement by Xi Jinping on the possibility of reaching a pact with Washington to end – at least temporarily – the tariff war that the world’s two biggest economies have been involved in since March 2018.

“When necessary, we will fight back. But we have been working actively to try not to have a trade war. We did not initiate this trade war and this is not something we want,” Xi said at an economic forum in Beijing.

“As we always said we don’t want to start the trade war but we are not afraid,” he emphasized.

The Chinese leader said a possible agreement between the two countries should be based on “mutual respect and equality.”

The disputes with the US “may affect the future prospects of the world economy so this is a very important topic to watch”, said Xi. “We always hold positive attitude towards that.”

The remarks came a day after the Ministry of Commerce denied that the partial trade agreement between the two countries, known as phase one, was in jeopardy.

“At the moment, there are no more details to offer on the agreement, but the external rumors are not accurate,” Gao Feng, spokesperson for the Ministry of Commerce, told reporters on Thursday.

The statement seemed to be a response to US President Donald Trump’s recent claim that Beijing was not taking the lead in the talks.

Trump also said that if a trade agreement is not achieved tariffs will rise even more.

Representatives from China and the US spoke on the telephone on Saturday to advance the agreement although no details of the call have been divulged so far.

In early November, the Chinese Commerce Ministry said it had reached an agreement with Washington to phase out the levies both parties have imposed during the trade dispute.

However, days later, Trump dampened hopes that the tariffs on Chinese products would be phased out and lowered expectations a deal could be met.

The two-year trade war has seen a tit-for-tat hike on tariffs in both countries.

Most recently on Sep. 1 by increasing a 10 percent tax on Chinese imports to 15 percent.

The hike would be worth around $112 billion.

It remains to be seen if on Dec. 15 the same increase will be applied to the remaining imports taxed currently at 10 percent.

If Washington does follow through, the tariff increase would be valued at some $300 billion.

Trade tensions between the two largest world economies go beyond bilateral relations and have profound global consequences.

In its latest global growth forecasts, released in July, the International Monetary Fund lowered its projections of global growth to 3.2 percent this year, one-tenth less than in April weighed down by doubts about a possible resolution of this dispute. EFE-EPA

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China warns of consequences if UK offers residency to HK citizens

UNTV News   •   July 2, 2020

China’s foreign ministry said on Thursday (July 2) that Britain would bear all consequences for any move it took to offer Hong Kong citizens a path to settlement in the UK.

China reserved the right to act against Britain over the issue, foreign ministry spokesman Zhao Lijian told a daily briefing, without specifying what countermeasures Beijing might take.

British Prime Minister Boris Johnson said on Wednesday (July 1) that China’s imposition of a security law on Hong Kong was a “clear and serious” violation of the 1984 Joint Declaration and that Britain would offer around 3 million residents of the former colony a path to British citizenship. (Reuters)

(Production: Joseph Campbell, Wang Shubing)

UK says China’s security law is “clear violation” of Hong Kong treaty

UNTV News   •   July 2, 2020

The United Kingdom said on Wednesday (July 1) that China’s imposition of a security law on Hong Kong was a “clear and serious” violation of the 1984 Joint Declaration and called on the People’s Republic to honor its international obligations.

“We have very carefully now assessed the contents of this national security legislation since it was published last night,” Foreign Secretary Dominic Raab told Reuters and the BBC.

“It constitutes a clear violation of the autonomy of Hong Kong, and a direct threat to the freedoms of its people, and therefore I’m afraid to say it is a clear and serious violation of the Joint Declaration treaty between the United Kingdom and China.”

Raab said he would set out shortly the action Britain would take with its international partners.

Hong Kong’s autonomy was guaranteed under the “one country, two systems” agreement enshrined in the Sino-British Joint Declaration signed by then Chinese Premier Zhao Ziyang and British Prime Minister Margaret Thatcher.

Hong Kong was handed back to China in 1997 after more than 150 years of British rule – imposed after Britain defeated China in the First Opium War. (Reuters)

(Production: Will Russell, Hanna Rantala, Polly Rider)

Hong Kong marks handover anniversary as national security law takes effect

UNTV News   •   July 1, 2020

Hong Kong on Wednesday (July 1) held a flag-raising ceremony followed by a speech by Chief Executive Carrie Lam to mark the 23rd anniversary of the former British colony’s handover to Chinese rule, hours after new national security legislation took effect in the financial hub.

“The enactment of the national law is regarded as the most significant development in the relationship between the Central Authorities and the HKSAR since Hong Kong’s return to the Motherland”, the city’s embattled leader said the law was the most important development since the city’s return to Beijing in 1997.

Flanked by current and previous government officials, Lam also said the new law would only affect a small group of people in the Asian financial capital.

There was a heavy presence of law enforcement across the city as the ceremony was underway.

The contentious law will punish crimes of secession, subversion, terrorism and collusion with foreign forces with up to life in prison, heralding a more authoritarian era for China’s freest city.

Authorities in Beijing and Hong Kong have repeatedly said the legislation is aimed at a few “troublemakers” and will not affect rights and freedoms, nor investor interests. (Reuters)

(Production: Aleksander Solum)

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