Chinese ambassador to the United States, Cui Tiankai, said that using US Treasury bonds as a trade war weapon is like playing fire, which will cause the global financial market to instability.(Reuters)
Chinese ambassador to the United States, Cui Tiankai, warns that if the US hardpit tries to cut the connection between the two largest economies in the world, it will have terrible consequences.He said: If the economic connection between the two parties is decoupled, I don't know if everyone really realizes the possible consequences mdash; mdash; its influence and negative impact.
(Washington / Hamburg Electric) The highly anticipated Xite will appear. The Chinese ambassador to the United States Cui Tiankai warns that if the US hardliner tries to cut the connection between the two largest economies in the world, it will have terrible consequences.
Reuters quoted Cui Tiankai yesterday that China and the United States have a common responsibility for the world economy, and it is impossible to promote the decoupling of China and the United States.He said: If the economic connection between the two parties is decoupled, I don't know if everyone really realizes the possible consequences mdash; mdash; its influence and negative impact.
Cui Tiankai also pointed out that the tariff war between industrial countries in the 1930s eventually led to the collapse of the global trading system and intensified tensions in the past few years before World War II.
He said: Historical lessons are vivid.In the last century, we experienced two world wars, during which it was a Great Depression.I don't think anyone should repeat history.These things should not happen again, so people must act in a responsible way.
Cui Tiankai accepted an exclusive interview with Reuters before going to the G20 summit in Buenos Aires, Argentina.Two days after the 13th summit of the G20 leader, the Chinese President Leaders and the US President Trump will attend the summit and plan to have dinner in the evening in the evening in the evening.
This is the first meeting between the two countries after the Sino -U.S. Trade war. Whether the meeting can meet the Sino -US economic and trade frictions has attracted much attention from the outside world.
The White House chief economic adviser Larry Kudlow said the day before yesterday that Trump was open to a trade agreement with China, but if the two could not get a breakthrough at this Saturday's dinner, Trump was also ready to be further right.Chinese products are imposed on tariffs.
Regarding trade negotiations, Cui Tiankai emphasized that China cannot accept one party to make some requirements, and the other must meet all requirements.
He said: We believe that the key to solving trade issues through negotiations is to solve the concerns of both parties in a balanced way.Frankly speaking, so far, I haven't seen the United States' concern for us enough to respond.
Earlier analysis believed that as soon as the trade war was incapable, China could slow down the purchase or sell US Treasury bonds to force the Trump administration to make concessions.
In response, Cui Tiankai responded that Beijing did not seriously consider taking US debt as a trade war weapon, because this could be ignited.He said: We don't want to cause any financial instability in the global market.This will be very dangerous, just like playing fire.
China is the largest holding country of U.S. Treasury bonds. As of September 30 this year, the size of the US bond held by China was 1.15 trillion US dollars (S $ 1.58 trillion), which was $ 1.19 trillion a year ago.
As of the 26th of this month, the total U.S. public debt was $ 1.597 trillion.Cui Tiankai emphasized that China's holding US debt is a good example of mutual dependence between China and the United States. It is almost impossible to break this relationship and it will be very dangerous.
Liu He once again emphasized that there is no winner in the trade war
On the other hand, Liu He, Vice Premier of the Chinese State Council, once again emphasized that there was no winner at a economic conference in Hamburg, Germany.
He said that trade protectionism and unilateral trade measures are not a way to solve trade problems. On the contrary, it will only bring more uncertainty to the global economy. The history of economic development has proven again and again.No country can be the winner of the trade war.
