China cre­ates its own suc­cess, says For­eign Min­istry

China Daily (Canada) - - TOP NEWS - By XU WEI xuwei@chi­

China has re­futed claims by United States lead­ers that “the US re­ally re­built China”, say­ing that the de­vel­op­ment of any coun­try ul­ti­mately de­pends on it­self.

For­eign Min­istry spokesman Lu Kang said at a news brief­ing on Wed­nes­day that China mainly owes its tremen­dous achieve­ment in de­vel­op­ment to the cor­rect lead­er­ship of the Com­mu­nist Party of China and the path of so­cial­ism with Chi­nese char­ac­ter­is­tics, the coun­try’s un­wa­ver­ing ef­forts in push­ing for­ward re­form and open­ing up, as well as the dili­gence and wis­dom of the Chi­nese peo­ple.

The claim by US lead­ers that at­tributes China’s achieve­ment to chronic trade sur­pluses in Bei­jing’s fa­vor is log­i­cally un­ten­able, he said.

Rather than pur­su­ing de­vel­op­ment within a vac­uum, China has al­ways kept its door wide open to con­duct win-win co­op­er­a­tion with dif­fer­ent coun­tries, he added.

“As a coun­try with a pop­u­la­tion of close to 1.4 bil­lion, it is im­pos­si­ble for China to rely on the char­ity of oth­ers for its de­vel­op­ment. I am afraid that there is sim­ply no coun­try with such ca­pa­bil­i­ties to re­build China,” he said.

Lu said the US trade deficit with China is a re­sult of com­par­a­tive ad­van­tages of China and divi­sion of la­bor fac­tors.

China’s for­eign trade has al­ways been in line with mar­ket prin­ci­ples and con­ducted fairly. The US buys more from China than it sells, and it also has self-im­posed re­stric­tions on ex­ports of some prod­ucts, which has naturally re­sulted in deficits, he said.

“It is un­fair and im­proper that the US de­nounces China on these grounds,” Lu said.

Mean­while, bi­lat­eral trade be­tween China and US is by no means one way traf­fic that trans­ports wealth to China, he said, adding that the US has long gained wide and tremen­dous eco­nomic ben­e­fits from busi­ness and trade co­op­er­a­tion with China.

“No­body is will­ing to make deals des­tined to lose, not to men­tion for 20 years,” he said.

China urges the US to adopt the right men­tal­ity, re­spect facts, stop ground­less ac­cu­sa­tions against China, and do more to ben­e­fit busi­nesses and con­sumers, Lu said.

Es­ti­mates by the US-China Busi­ness Coun­cil last year showed trade with China saved typ­i­cal US fam­i­lies up to $850 in 2015.

A re­port re­leased by Deutsche Bank in June said that even though China en­joyed a $376 bil­lion trade sur­plus with the US in 2017, Chi­nese con­sumers own more iPhones and buy more Gen­eral Mo­tors cars than US con­sumers do.

“These cars and phones are sold to China not through US ex­ports, but through Chi­nese sub­sidiaries of US multinational en­ter­prises,” the re­port said.

Newspapers in English

Newspapers from China

© PressReader. All rights reserved.