Chinese Diplomat Criticizes US Trade Policies Amid High-Tech Drive
During a recent political gathering in Beijing, China's top diplomat expressed strong criticism towards Washington's trade policies, labeling them as 'bewildering.' This comes as Chinese leaders emphasize high-tech development in response to increasing restrictions from the US.
China's top diplomat criticized the United States' confusing trade policy during a press conference in Beijing. Chinese leaders have been promoting high-tech development despite increasing restrictions from Washington.
During the news conference, Chinese Foreign Minister Wang Yi accused the US of using different tactics to suppress China. He also mentioned that Washington's unilateral sanctions list has grown to absurd levels of absurdity.
Wang expressed concerns about a lack of confidence in the country when it reacts negatively to the word China. He questioned the confidence of a major country that behaves this way, especially in relation to trade with the US and technological restrictions.
He also raised the issue of international fairness, pointing out that if a country only focuses on its own prosperity while denying other countries the opportunity for legitimate development, it raises questions about fairness on the global stage. Additionally, Wang highlighted the importance of fairness and competition in the value chain, emphasizing the need to avoid monopolizing the high end while keeping China at the low end.
Washington is working to limit China's access to advanced technology. The White House recently restricted the sale of certain semiconductors to China to prevent American technology from being used for military purposes.
The US has imposed sanctions on Chinese individuals for various reasons, such as human rights violations in Xinjiang, involvement in the illegal fentanyl trade, and supporting Russia's invasion of Ukraine.
Wang mentioned that there have been positive changes in the US-China relationship since the summit between President Biden and Xi Jinping in San Francisco last November. He emphasized the need for both countries to collaborate in order to maintain stable and healthy development in their relationship.
China's "two sessions" political gathering this week has focused on promoting self-reliance and strength in science and technology. Beijing has announced a significant increase in its annual budget for science and technology by 10%, reaching a record high of 370.8 billion yuan ($51.6 billion). This marks the largest budget increase since 2019, following several years of minimal growth.
This is an ongoing story and more updates will follow.
Editor's P/S:
The article exposes the escalating tensions between China and the United States, particularly in the realm of trade and technology. China's Foreign Minister, Wang Yi, has expressed concerns about the confusing and suppressive nature of US policies, highlighting the absurdity of unilateral sanctions and the lack of confidence reflected in such actions. This trade war has far-reaching implications, as it challenges the principles of fairness and mutual prosperity on the global stage.
China's response to these restrictions has been a renewed focus on self-reliance and technological development. The significant increase in the science and technology budget reflects a strategic shift towards reducing dependency on foreign technology and promoting domestic innovation. This move aligns with China's long-term goal of becoming a global leader in advanced industries, a testament to its determination to navigate the challenges posed by international trade disputes.
