Ministry of commerce responds to us decision to add 5 Chinese

Pubdate:2019-06-28 08:56  Writer:admin  Source:ANDI

  Gao feng, spokesman for the ministry of commerce, said at a regular press conference Wednesday that cooperation is the only right choice for China and the United States. He hoped the United States could fully listen to the general voice of the industry, abandon wrong practices and solve existing problems through dialogue and cooperation on an equal footing, which is in the interests of the people of the two countries and the world at large.
  
  Recently, the office of the US trade representative held a hearing in Washington on the proposed tariffs on about 300 billion US dollars of goods exported to China. A total of 314 representatives from mechanical and electrical, textile, clothing, shoes and hats, toys, sports equipment, steel and aluminum, chemical industry, hardware, food, medicine, game software and other industries spoke at the hearing, of which 303, or 96%, opposed the tariff increase. It is widely believed in the U.S. industry that the tariffs will hurt U.S. jobs and the economy, directly hitting American consumers.
  
  According to the report, documents submitted by the U.S. chamber of commerce show that the tariffs could cost the U.S. economy $1 trillion over the next 10 years. According to a study by the national retail federation, U.S. consumers would spend an additional $4.4 billion a year on clothing, $2.5 billion on shoes, $3.7 billion on toys and $1.6 billion on household goods.
  
  Mr Gao said most industry associations and companies told the hearing that China's supply chain advantage could not be replaced. With a complete upstream and downstream industrial chain, complete infrastructure, sufficient labor force and well-trained personnel, China can provide high-quality products at a lower price and meet the demand of the us market with sufficient output. In the short term, China's production capacity cannot be replaced by the us or other third parties. It is not commercially feasible to move the industrial chain out of China because of its obvious advantages. Many American enterprises and Chinese enterprises have formed a close customizing relationship in the long-term cooperation, and they will face such difficulties as long product certification time and product quality risks when rearranging the supply chain.
  
  In view of the recent us department of commerce include five Chinese entities in the so-called "entity list", the peak, said the us side generalization national security concept, abuse of the practice of export controls, contrary to the market competition principle, interfere with the normal science and technology exchange and trade between the two countries, damage the interests of Chinese enterprises, also harm the interests of American businesses, not conducive to solve the problem of trade imbalance has always been a concern with the us, China is firmly opposed.
  
  Gao said deepening cooperation and expanding sound interaction between China and the United States in the field of high technology is conducive to improving the well-being of the people and serves the common interests of the two countries and the world at large. We urge the us side to immediately stop its wrong practices and return to the track of cooperation. So far this year, 47 Chinese companies or institutions have been included in the so-called entity list of export control.
  
  On the same day, in response to the economic daily news about "regional comprehensive economic partnership agreement" (RCEP) negotiations, rush said, since the RCEP negotiations started, the Chinese push negotiating position is consistent, positive, China adheres to the association of south-east Asian nations (asean), the leading position of the negotiation active play to "promote, community, contribute to" the constructive role. At present, RCEP negotiations have entered a critical stage. China has been in active communication with all parties, including India, and engaged in intensive bilateral consultations at all levels. China hopes that all parties can actively participate in the negotiations in a constructive manner, resolve core remaining issues in various areas as soon as possible and push for the conclusion of the negotiations within this year.