US should not pursue protectionism, long-armed jurisdiction: FM
Foreign Ministry spokesperson Wang Wenbin. Photo: CGV
China’s Foreign Ministry said on Wednesday that China was not participating in “distorting market behavior,” while urging the United States not to pursue protectionism and to stop suppressing global businesses and abusing global businesses. engage in long-arm jurisdictional practices, in response to U.S. Trade Representative Katherine Tai. notice that the United States will be more actively lobbying China.
China firmly advocates trade liberalization and facilitation and is determined to continuously expand the opening-up campaign, Chinese Foreign Ministry spokesperson Wang Wenbin told a press briefing.
Wang’s response came after Tai remarked that the United States is done “sitting on its hands” and will more actively pressure China to change trade practices that states say States distort the market.
Tai also noted that the United States will not stop pushing and challenging China to reform and change, stressing that “we cannot afford to sit on our hands and wait for China to make his decision.” “We’re going to have to turn the page in the playbook,” Tai said.
Wang replied that China was not participating in any so-called “distorted market behavior,” adding that the United States needed to turn a new page to stop generalizing the concept of national security and suppressing global corporations with their current technological advantages and their global financial hegemony.
Meanwhile, Wang urged the United States to end unilateral intimidation and long-arm jurisdictional practices. Such behavior is seriously contrary to the principles of market economy and international economic and trade rules, harming the interests of other countries as well as the United States, and jeopardizing the security and stability of the industrial supply chain. world.
Wang reiterated that the Chinese government has always upheld the multilateral trading system centered on the World Trade Organization, abided by market laws, opposed protectionism, and aimed to promote the healthy and stable development of the economy. and world trade.