Ambassador Zhou Pingjian: Why No Challenge Will Hold Back China's Development
On June 6-9, 2019, Nigerian leading newspapers Daily Trust, Peoples Daily, Leadership, The Nation, Pilot and BusinessDay published an article written by Ambassador of China to Nigeria Dr. Zhou Pingjian, Why No Challenge Will Hold Back China's Development. The full text goes as follows:
Which side will win out in the ongoing trade war, China or the US?
That was a question I was asked the other day, when I had the honour and pleasure to address hundreds of students in the prestigious University of Abuja on China's development and its foreign relations.
No one will emerge as the winner in a trade war. China wants trade, not war. Honestly.
Since it took office in 2017, the new US administration has threatened additional tariffs and other measures and provoked frequent economic and trade friction with its major trading partners. In response to the economic and trade friction unilaterally initiated by the US since March 2018, China has had to take forceful measures to defend the interests of the nation and its people. At the same time, committed to resolving disputes through dialogue and consultation, China has engaged in multiple rounds of economic and trade consultations with the US in an effort to stabilize the bilateral commercial relationship. China's position has been consistent and clear -- that cooperation serves the interests of the two countries, that conflict can only hurt both, and that cooperation is the only correct choice for both sides. Concerning their differences and frictions on the economic and trade front, China is willing to work together with the US to find solutions, and to reach a mutually beneficial and win-win agreement. However, cooperation has to be based on principles. There are bottom lines in consultations.
"China will not compromise on major issues of principle," the newly-issued white paper by China, namely China's Position on the China-US Economic and Trade Consultations, reaffirms, " China does not want a trade war, but it is not afraid of one and it will fight one if necessary. China's position on this has never changed. "
Besides a preface and a conclusion, the 8,300-character white paper issued on June 2 by State Council Information Office devotes three sections to elaborate on the damages of the trade frictions provoked by the United States, the U.S. backtracking on its commitment in the consultations, and China's commitment to credible consultations based on equality and mutual benefit. It offers a complete and accurate account of the whole process of consultations and presents the facts and truth.