China says it does not want a trade war with the US

Mar 05, 2018, 00:33
China says it does not want a trade war with the US

China has no desire to overturn the existing worldwide order and its increasingly powerful military does not constitute a threat to others, Chinese Vice Minister of Foreign Affairs and National People's Congress (NPC) spokesman Zhang Yesui (張業遂) said yesterday.

"But if the U.S. takes actions that hurt Chinese interests, China will not sit idly by and will take necessary measures", Zhang said.

Chinese Foreign Minister Wang Yi said Saturday that the recent USA decision has "no basis", according to local media.

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He said Chinese and U.S. officials have had talks for the past 2 days and they agreed to discuss the matter in Beijing in the near future. State Councilor Yang Jiechi, China's top diplomat, also visited Washington in early February.

Zhang's comments follow a high-profile visit to the US last week by Liu He, the top economic advisor to present Xi Jinping, apparently aimed at defusing tensions surrounding bilateral trade disputes.

Beijing, meanwhile, kept mum about the estimated growth rate of the country's military budget for 2018, with concerns lingering over the Asian power's assertive moves to push its territorial claims in regional waters.

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China said the amendments are "conducive" to the modernization of its socialist model, to mirror the charters of the Communist Party and the People's Liberation Army, both also headed by Xi Jinping, the country's president.

Xi said in his report at 19th CPC National Congress in October a year ago that China was willing to share favorable circumstances regarding China's development with Taiwanese people and would expand economic and cultural exchanges across the Taiwan Strait. Calls for more transparency are likely to intensify as President Xi Jinping seeks to build a "world-class" military capable of projecting force further from China's borders. The nation's military budget for 2017, discussed at the parliament previous year, exceeded 1 trillion yuan ($157.53 billion) for the first time.

Beijing is gearing up for the opening of the National People's Congress on Monday.

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But this year, Zhang Yesui, a former vice-foreign minister, who took over as the spokesman of the NPC did not reveal any percentage of increase though he defended the steady rise of China's military expenditure, saying it is consistent with China's rise.

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