Xi emphasizes China's fearlessness in the trade war with the USA

Xi emphasizes China's fearlessness in the trade war with the USA

The Chinese state leader Xi Jinping emphasized in his first public statements about the escalating trade crisis with the United States that his nation is "no fear". This situation has destabilized the international markets and fueled fears of global recession.

No winners in the trade war

"There are no winners in a trade war and stand against the world, only leads to self -insulation," XI said on Friday at the meeting with the Spanish Prime Minister Pedro Sanchez in Beijing, as the state broadcasting institution CCTV reported. "Over 70 years of development China have been based on personal responsibility and hard work - never on alms from others, and we are not afraid of unjust oppression," added XI.

tariffs between China and the USA

China and the USA have been in a collective bargaining dispute with mutual punitive tariffs for a few weeks, but XI had so far been silent in public. With his statements, he is now determined and reinforced the message of strength and resilience, which has already been transmitted by Chinese officials and state media.

"Regardless of how the outer environment changes, China will remain confident, act focused and focus on managing your own affairs well," said XI according to CCTV.

US tariffs and China's reaction

During the rest of the world this week a 90--day suspension from trumps" Zollen " received, the president decided to increase the tariff on Chinese imports to 145%. As a retaliation, Beijing announced restrictions on the import of Hollywood films on Thursday after the country had previously increased the tariffs to US goods to 84% and certain American companies have restricted access to the Chinese market.

diplomatic offensive Chinas

like cnn trump-xi-china-tex.html" TARGET = "_ blank" rel = "nofollow"> reported that XI has contacted him-and has not informed his team that the USA is not the first step will do. However, Beijing has repeatedly refused to arrange a phone call at the management level.

Instead of a call at Trump for negotiations on tariffs, XI has launched a diplomatic offensive with other trading partners to act against the intensifying trade war. His meeting with Sanchez came shortly before a tour of Southeast Asia lasting several weeks, a region that was badly affected by Trump's "mutual" tariffs. Xi will visit Vietnam, Malaysia and Cambodia - his first trip abroad this year, as the Chinese Foreign Ministry announced.

growing relationships with European countries

Sanchez, who is in China for the third time within two years, could be the first in a series of European leaders who travel to Beijing in view of the global economic uncertainty.

During her meeting, Xi to Sanchez said that the world was in an accelerated change that has not existed in a century. "The more complex and volatier the international landscape, the more important it is to maintain stable relationships between China and Spain," emphasized XI and promised cooperation in areas such as renewable energies, high technology and intelligent cities.

China's commitment to international order

The Chinese state leader turned to the USA in an indirect comment and asked the EU and China, which together make up more than a third of the global economy, to defend internationally applicable rules and order. "China and the EU should fulfill their international obligations and jointly promote the trend towards economic globalization and a positive trade environment, and act against unilateral bullying," said XI.

future together with neighboring countries

The strengthening of strategic relationships with the neighbors has a high priority for China. Vietnam and Cambodia were among the countries that were most affected by Trump's “mutual” tariffs. Both countries have experienced an increase in the investments of Chinese and international companies in recent years that shift their supply chains from China to benefit from lower wages and to secure themselves against US tariffs.

This week, XI asked to build a “future together with neighboring countries” while he spoke at a high -ranking conference on the Communist Party's Foreign Policy. China asked an official statement by the two-day meeting to strengthen cooperation in industrial and supply chains with nearby Asian countries.

China's relationships with his neighbors are considered "the best since modern times" and are in a critical phase in which regional dynamics and global changes are increasingly interwoven. Despite the tensions with the western states due to China's relationships with Moscow and technological race, China wants to strengthen these connections and work more closely with European and Asian countries, while the global trading dynamics are reversed.