Scary commerce arguments are “naked economic terrorism,” a senior Chinese diplomat stated on Thursday, ramping up the rhetoric against the USA amid bitter commerce warfare that’s showing no indicators of ending quickly.
Commerce tensions between Washington and Beijing intensified sharply earlier this month after the Trump administration accused China of getting “reneged” on its previous commitments to make structural adjustments to its economic practices.
Washington later slapped extra tariffs of around 25% on $200 billion worth of Chinese items, provoking Beijing to retaliate.
Talking to reporters in Beijing, Chinese Vice Foreign Minister Zhang Hanhui stated China defended the usage of “big sticks” like commerce sanctions, tariffs, and protectionism.
“We oppose a commerce conflict; however, we are not afraid of it. This intentionally scary commerce dispute is naked economic terrorism, financial homicide, economic bullying,” Zhang stated when asked in regards to the commerce battle with the USA.
Everybody loses in a commerce battle, he added, addressing a briefing on Chinese President Xi Jinping’s state visit to Russia following week, where he’ll meet Russian President Vladimir Putin and converse at a serious investor discussion board in St Petersburg.
“This commerce conflict could have a severely damaging effect on global financial growth and recovery,” Zhang added.
“We will take care of all external challenges, do our thing well, develop our financial system, and continue to uplift the living standards of our two masses,” he stated, referring to China and Russia.
“At the same time, we do have the boldness, resolve, and ability to safeguard our nation’s supremacy, safety, respect and safety, and growth pursuits.”
On Thursday, a broadcaster from Chinese state tv and a Fox Enterprise host started an exotic live debate concerning the China-U.S. conflicts on the U.S. cable network.