Re­form, open­ing-up so­lu­tion to trade row

Global Times US Edition - - EDITORIAL -

Ac­cord­ing to The Wall Street Jour­nal, US Trea­sury Sec­re­tary Steven Mnuchin spoke by tele­phone with Chi­nese Vice Pre­mier Liu He on Fri­day. Although the con­ver­sa­tion didn’t lead to any break­through in eas­ing trade ten­sions, the renewed dis­cus­sions in­di­cate the two sides are try­ing to come to an ac­com­mo­da­tion.

Pres­i­dent Xi Jin­ping and his US coun­ter­part Don­ald Trump had a phone con­ver­sa­tion re­cently and the sec­ond diplo­matic and se­cu­rity di­a­logue be­tween the two coun­tries was just con­cluded in Wash­ing­ton on Fri­day. The two state lead­ers will re­port­edly meet dur­ing the G20 sum­mit in Buenos Aires. There is ex­pec­ta­tion among in­ter­na­tional pub­lic opin­ion that this key sum­mit may lead to a break­through in re­solv­ing trade dis­putes.

But Wash­ing­ton has been send­ing mixed mes­sages, in­clud­ing both signs of will­ing­ness to reach rec­on­cil­i­a­tion with Bei­jing, and tough rhetoric ac­cus­ing China of be­ing “un­trust­wor­thy.” Dif­fer­ent at­ti­tudes among key US of­fi­cials in­di­cate that the out­come of the trade war is still un­cer­tain.

Trade war can eas­ily lead to con­fronta­tion, which may re­sult in im­pul­sive be­hav­ior and mis­judg­ment. Coun­tries in­volved can lose sense of di­rec­tion be­cause of sin­gle-mind­ed­ness. But China has avoided this com­mon mis­take of con­fronta­tion and re­mains fo­cused on its orig­i­nal course of re­form and open­ing-up, which has with­stood the im­pact of the trade war.

From a sym­po­sium on pri­vate en­ter­prises to China’s first im­port expo, it is sug­gested that the great cause has been con­sol­i­dated and ac­quired new mo­men­tum. Con­crete mea­sures, in­clud­ing wider ac­cess to the Chi­nese mar­ket, more in­te­gra­tion with the global econ­omy and fairer com­pe­ti­tion among dif­fer­ent own­er­ship sec­tors, will largely re­shape China’s fu­ture.

All this is the in­her­ent de­mand for the up­grad­ing of China’s eco­nomic and so­cial de­vel­op­ment and an es­sen­tial move to con­tinue pro­mot­ing the cause of re­form and open­ing-up. It also goes to­ward the out­side ex­pec­ta­tions for China.

As China forges ahead, there will be im­proved con­di­tions for for­eign eco­nomic co­op­er­a­tion and hence less fric­tion. China will gain more con­fi­dence in up­hold­ing free trade and mul­ti­lat­er­al­ism.

The US has to choose whether to co­op­er­ate with a China de­ter­mined to open wider or to curb China’s de­vel­op­ment by all ex­haust­ing means. En­hanced China-US co­op­er­a­tion, which serves the in­ter­est of most Amer­i­cans, will again be­come the theme of bi­lat­eral re­la­tions sooner or later.

China is de­voted to push­ing for­ward its de­vel­op­ment, in­clud­ing high-tech ad­vance­ment. Mean­while it will keep ad­just­ing de­vel­op­ment plans in ac­cor­dance with the rules, plan­ning and sug­ges­tions of the out­side world, which will en­able the coun­try to make a con­tri­bu­tion to eas­ing global trade ten­sions and boost­ing free trade.

China has the ca­pac­ity to shape its ties with the US thanks to its strength and down-to-earth spirit. The two pow­ers will even­tu­ally reach a deal that is ac­cept­able to both sides.

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