China’s three ministries and commissions are car-scrapping on the same day! We have said everything, please wait and see!
CCTV News:In addition to reciprocal response, China has also taken up legal weapons in response to the unilateral practice of the United States to impose tariffs. The Ministry of Commerce said yesterday that China has levied taxes on the US 301 investigation into China, and suggested that a consultation request should be made under the WTO dispute settlement mechanism to formally start the WTO dispute settlement procedure. At the same time, the Ministry of Commerce, the Ministry of Finance and the Ministry of Foreign Affairs of China respectively made their positions clear today.
Ministry of Commerce: Fight? Shall we talk in the end? The door is open
Wang Shouwen, Vice Minister of Commerce, said that the United States announced under Item 301 that it would impose tariffs on products of about 50 billion US dollars from China, which fundamentally violated the international obligations of the United States and had no factual basis. These actions of the United States jeopardized the interests of China, threatened the economic security of China and endangered the recovery and stability of the global economy.
Wang Shouwen, Vice Minister of Commerce: We must take corresponding measures to deal with it. It must be said that our practice is forced to take, and our practice is restrained. If someone insists on fighting, we will accompany him to the end. If someone is willing to talk, the door is open.
Wang Shouwen, Vice Minister of Commerce
Ministry of Finance: Calling for solving problems and handling challenges in a constructive way
On the current Sino-US trade friction, Vice Minister of Finance Zhu Guangyao said: China’s position is very clear, and we don’t want a trade war, because the result can only be a lose-lose, which will harm the interests of China, the interests of the United States and the prospects of world economic development.
Zhu Guangyao, Vice Minister of Finance: At this special juncture, we hope that both China and the United States will solve problems and deal with challenges in a constructive manner with wisdom and mutual respect, so as to bring Sino-US economic relations back to the track of healthy and stable development.
Zhu Guangyao, Vice Minister of Finance
Ministry of Foreign Affairs: The US measures will ultimately harm others and harm themselves.
China’s Foreign Ministry spokesperson Geng Shuang also said at a regular press conference yesterday (4th) that the US measures first hurt its own interests.
Foreign Ministry Spokesperson Geng Shuang: There is no winner in the trade war, and the country that started the trade war will eventually harm others and harm themselves. In fact, the U.S. measures first hurt its own interests. We have noticed that the American business community, ordinary consumers, the media and think tanks are all worried about the US approach and the possible serious consequences. Many countries and international organizations have also expressed concern and opposition to the unilateralism and trade protectionism of the United States.
Foreign Ministry Spokesperson Geng Shuang
Geng Shuang said that China hopes that the US will listen to these rational and pragmatic voices, abandon its wrong practices at an early date and return to the correct track of dialogue, consultation and win-win cooperation.
Foreign Ministry Spokesperson Geng Shuang: I think the US measures will definitely have an impact on China, but China can bear it. Looking back on the course of China’s reform and opening up in the past 40 years, we have experienced many challenges, difficulties, interferences and repression, but it is in the process of resolving, overcoming and coping that our strength and self-confidence have been continuously enhanced. Attempts to bring China to its knees through pressure or intimidation have never been successful in history and will not be successful today. I think I’ve said everything I need to say, so I’ll do it now. Please wait and see.