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Chinese Foreign Minister calls on the U.S. to lift tariff sanctions



Chinese Foreign Minister Wang Yi delivered a speech at a press conference after resuming diplomatic relations with Kiribati during the United Nations General Assembly in New York, United States, on September 27, 2019.

Mark Kozlaric | Reuters

BEIJING-Chinese Foreign Minister Wang Yi called on the new US government on Monday to stop “suppression”

; of Chinese technology companies because he laid the conditions for US-China cooperation.

Out of concerns about national security, former US President Donald Trump sanctioned dozens of Chinese companies in the past three years.

Affected by the sanctions, the Chinese telecom giant Huawei is one of the most famous companies. Due to the sanctions, the company dropped from the number one smartphone supplier in the world to sixth place last year.

China hopes that the United States will abolish tariffs and sanctions on companies, and “abandon its irrational suppression of China’s technological progress, so as to create necessary conditions for Sino-US cooperation.”

Wang also called on the United States to support international students and lift restrictions on American cultural organizations and media. He delivered a speech entitled “Putting Sino-US relations back on track” at a forum in Beijing.

Under the leadership of the Trump administration, tensions between the two countries have increased. The Trump administration tried to use taxation and blacklisting to resolve long-standing business complaints about China’s lack of intellectual property protection, mandatory technology transfer requirements, and the country’s dominant position in the market.

Although it is not clear what exact action US President Joe Biden will take, he has maintained a firm stance since taking office a month ago.

Biden told European allies in a speech on Friday: “We must prepare for long-term strategic competition with China.”

Last week, U.S. Treasury Secretary Janet Yellen stated that tariffs in the Trump era will continue to exist, and any changes will depend on China’s compliance with trade agreement commitments.

Policy red lines and areas of cooperation

Biden is expected to pay more attention to issues related to human rights, such as Hong Kong, Xinjiang and Tibet.

On Monday, Wang Zhong reiterated that these regions are part of China’s “internal affairs” and that only by respecting Beijing’s position can US-China relations improve.

According to Reuters, China’s ambassador to the United States Cui Tiankai also stated on Monday that Beijing and Washington must define the boundaries of their foreign policies, and pointed out that China’s red line issues include Taiwan, Xinjiang and Tibet.

The leaders of the two countries still maintain an open and cooperative attitude in certain areas, such as reducing carbon emissions.

Wang said that the two countries can work together to cope with the coronavirus pandemic and support the global economic recovery, and emphasized that Beijing still supports US business in China.

An analysis report released by the American Chamber of Commerce last week and the insulting company Rhodium Group found that if the United States sold half of its direct investment in China, American investors would lose $25 billion in capital gains each year. The report called for targeted rather than comprehensive policy measures against China.


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