China's position to maintain international economic and trade order is unswerving

 Xinhua News Agency reporter Fan Yu

  At the request of the US side, high-level economic and trade talks between China and the United States were held in Switzerland. On the basis of fully considering global expectations, China's interests, and the calls of the US industry and consumers, China decided to agree to engage with the US side. China has strong resistance to stress and sufficient policy tools to safeguard the legitimate rights and interests of the country, and is willing to work with the international community to jointly resist any form of unilateralism, protectionism and economic bullying. Regardless of the future situation, China's determination to safeguard national development interests is as solid as a rock, and its position and goal of defending international fairness and justice and maintaining global economic and trade order are always unswerving.

  The United States' abuse of tariffs seriously violates WTO rules and seriously impacts the stability of the global economic order. It is essentially using tariffs as a means to subvert the international economic and trade order and damage the legitimate rights and interests of countries around the world. It is a typical unilateralism, protectionism and economic bullying. This is tantamount to "economic self-harm". It not only cannot solve its own problems, but it will trigger violent fluctuations in the financial market, push up US inflation, weaken the industrial foundation, and increase the risk of economic recession. The American business and academic circles have repeatedly emphasized that international trade is not a zero-sum game where you lose and you win, but should be committed to mutual benefit and win-win results. US decision makers should listen more to these rational and objective voices and push China-US economic and trade relations back to a track of healthy and stable development.

  As the two largest economies in the world, China and the United States have a healthy and stable development of economic and trade relations concerning the well-being of the people of both countries and the global development and prosperity. The tariff war unilaterally initiated by the US has had an impact on its own economy and has had a negative impact on the stability of the global industrial chain and supply chain. Against this background, it is of positive significance for both sides to sit down and talk, and is a necessary way to resolve differences and avoid escalation of conflicts. However, the effectiveness of the dialogue depends on the sincerity and efforts of both sides, especially whether the US can truly be rational and pragmatic. China has always believed that any dialogue and negotiation must be carried out under the premise of mutual respect, equal consultation and mutual benefit. If the US sincerely hopes to resolve the problem through negotiations, it must face up to the serious negative impact of unilateral tariff measures on the world and itself, face up to international economic and trade rules, fairness and justice, and rational voices from all walks of life, show the sincerity of the talks, and correct wrong practices. If we talk about one thing, do another, or even try to continue to engage in coercion and blackmail under the guise of talks, China will never agree, let alone sacrifice its principled position and international fairness and justice to seek to reach any agreement.

  Faced with the trade bullying and unilateralism countercurrents caused by the United States, China stood up, took decisive and powerful countermeasures, and actively used multilateral platforms such as the United Nations to unite with other countries to make a voice of justice. China's position and actions are not only to safeguard its legitimate development rights, but also to safeguard the common interests of the international community, including the vast number of small and medium-sized countries, and to defend international fairness and justice. China has noticed that some economies are also in talks with the US. It should be emphasized that appeasement cannot bring peace, compromise cannot be respected, and adhere to principled positions and fairness and justice are the correct way to safeguard one's own interests. China has always believed that maintaining the international system with the United Nations at its core and the international order based on international law is the fundamental guarantee for maintaining world peace and development. To be content with unilateralism and hegemony ultimately harms the interests of all countries. It must be noted that the essence of this game is the confrontation between the two concepts of open cooperation and closed confrontation under the background of economic globalization. Contact in Switzerland is an important step in promoting problem solving. The ultimate solution to the problem requires sufficient strategic patience and determination, and the just support of the international community.

  The fundamental confidence of China's equal dialogue with the United States with a confident and open attitude lies in the strength and resilience of China's economy. No external shock can change China's fundamentals with stable economic foundation, many advantages, strong resilience and great potential, nor can it change the solid trend of China's solid advancement of high-quality development. In the first quarter of this year, China's economy grew by 5.4% year-on-year, ranking among the top among major economies in the world; in 2024, China's total import and export value of goods exceeded 43 trillion yuan, with more foreign trade partners, and the export commodity structure was further optimized; this year's May Day holiday, 314 million domestic travelers were traveling, with a total spending of more than 180 billion yuan, reflecting the vigorous vitality potential of China's economy; recently, China's financial policies have been "new", and existing policies and incremental policies have been put in a coordinated manner, opening up new space for future growth... Policy innovation and market vitality resonate in the same frequency, release demand and enrich supply, and injecting more confidence and stronger confidence into China's resistance to external risks and challenges and steady and high-quality development.

  Today, when globalization is facing backwards and protectionism is rampant, China has not only not closed its doors, but has expanded its opening up to the outside world with unprecedented efforts, actively promoted trade and investment liberalization and facilitation, and shared development opportunities with countries around the world. At the just-concluded Canton Fair, the number of overseas purchasers and on-site export transactions, such as the number of overseas purchasers and on-site intention export transactions, set a new record. The number of top multinational procurement companies reached 376, a record high, reflecting that the business circles of various countries continue to be optimistic about the long-term positive development of China's economy. No matter how the international situation changes, China will always unswervingly expand its opening up, unswervingly do its own business well, and hedge against the "uncertainty" of the external environment with its own "certainty".

  There are no winners in trade wars and tariff wars, and there is no way out for protectionism. The stage of global economic development is not a life-and-death battle arena. All countries in the world are a community with a shared future that shares weal and woe. The healthy development of Sino-US relations is a blessing for China and the United States and the world. Only by strengthening dialogue and communication between China and the United States, properly managing differences, and expanding mutually beneficial cooperation can the world economy move forward better.

[Editor in charge: Wu Jingze]

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