Chinese Ambassador H.E. Liu Hongyang's Article "China Does Not Want A Trade War" Published on Nation
On 13 June 2019, an article titled "China Does Not Want A Trade War" by H.E. Liu Hongyang, the Chinese Ambassador to Malawi, was published on Nation, one of Malawi's leading newspaper. Following is the full text of the article:
Now, the global economy finds itself in a big storm. Major global stock markets and foreign exchange markets are fluctuating drastically. Global trade is suffering from shocks. Multilateralism is strongly challenged by unilateralism. The world's multilateral institutions like the International Monetary Fund, the World Trade Organization, and the World Bank have repeatedly lowered their economic growth forecasts for this year. The steady growth of the world economy is becoming increasingly unpredictable. Unilateralism, trade protectionism and trade bullying have become the enemy of the world. Tariffs have become weapons of terrors. All of these sad development is the work of the US. In the past few months, allies, neighbors and cooperation partners of the US have become the victims of the "big stick" of tariffs by the US government. As the world's largest trader of goods and the largest trading partner of the US, China is the first to bear the brunt. In order to provide a comprehensive picture of the China-US economic and trade consultations, the State Council Information Office of China released a White Paper named China's Position on the China-US Economic and Trade Consultations on 2 June 2019. On the sad development and trade consultations between China and the US in particular, I would like to share my following thinking:
First, the world economy has become an inseparable whole. Free trade and economic globalization are the inevitable result of the highly developed global economic activities, which are safe-guarded by multilateral trading systems and arrangements. Economic globalization and multilateral trading systems have become the only way for global economic development and the irreversible trend of human social development. In this "global village", economic globalization has brought the world with great achievements and success through inextricably inter-dependency and chains of production and supply with one another. Win-win cooperation has become the hallmark of the economic globalization. Globalization is the trend of times. As a famous Chinese saying goes, "The trend of the world is surging forward. Those who follow the trend will prosper, and those who go against it will perish". If one still assumes air of self-importance, moves against the trend of the times, and exhausts all mental efforts to shoot for the so-called "absolute advantage" by fortifying its own walls while sabotaging others' development efforts, one can only end up shooting himself in the foot, and will never become "great again".