US – China relations before the opportunity

Chinese Foreign Minister Wang Yi said that the relationship between the US and China has been “a new step forward” and may return to the right direction after a period of “unprecedented difficulties”.

China hopes that Joe Biden’s becoming President-elect will help US policy toward China “return to an objective and reasonable” return. Photo: AFP

Tensions in the relationship between the world’s two largest economies escalated after a series of disputes over trade, human rights and the origins of Covid-19. The United States recently placed dozens of Chinese businesses it considers to have ties to the Chinese military on a blacklist of trade restrictions.

The Reuters news agency quoted Chinese Foreign Minister Wang Yi in a recent joint interview with Xinhua and other Chinese state media that recent US policies toward China were in place. harm the interests of both countries and pose enormous risks to the world.

But Mr. Vuong Nghi said that both sides now has the opportunity to “open a new window of hope” and start a new round of dialogue.

With Joe Biden elected as US President, relations between Washington and Beijing are expected to improve after four years of escalating tensions under the Donald Trump administration.

Last month, Foreign Minister Vuong Nghi expressed his hope with Mr. Joe Biden elect The US President will help “return to an objective and reasonable” US policy towards China.

However, Mr. Joe Biden, who will take office as US President on January 20, continues to criticize China for its “misuse” of trade and other problems.

Although the Chinese Foreign Minister did not name Mr. Trump or Mr. Biden by name, he called on the US to “respect the social system and the path of development” that China chooses, adding that if Washington “pulls out. Lessons, “conflicts between the two sides can be resolved.

“We know some people in the US are afraid of China’s rapid development, but the most sustainable leadership is to keep moving forward, instead of blocking the development path of other countries,” said Wang. Nghi said.

Faced with the accusations of many American politicians that China “hushed” the Covid-19 epidemic in its early stages and was slow to fight the epidemic, Foreign Minister Wang Yi affirmed that China was doing its best to fight the spread spread of the virus, and “set off alarm bells” for the world.

“We have been racing against the times and pioneering the epidemic to the world,” said Wang Yi, adding: “More and more research is showing that the epidemic is very likely to have emerged. present in many parts of the world “.

Regarding the latest move of the New York Stock Exchange, China’s Ministry of Commerce on January 2 announced it would “take necessary measures to firmly protect the legitimate rights and interests of Chinese enterprises. National, “according to Global Times.

Earlier, on the last day of 2020, the New York Stock Exchange announced it would delist three Chinese telecommunications businesses, including: China Telecom Corp Limited, China Mobile Limited, and China Unicom Hong Kong Limited. .

According to the New York Stock Exchange, the transactions of the three Chinese telecommunications companies mentioned above will be suspended on January 7 or no later than January 11, when Trump’s investment ban takes effect. .

In November 2020, President Donald Trump signed an executive order barring Americans from investing in companies that the US identifies with the Chinese military. The investment ban will take effect on January 11, just days before President-elect Joe Biden takes office.

China’s Ministry of Commerce accused the US of “abusing national security and using state power to suppress Chinese businesses”, and argued that the recent US move “was inconsistent with the rules. and market logic, damaging the legal rights of Chinese businesses as well as the interests of investors in other countries, including the United States.

During his tenure in office in the White House, President Trump has pursued a tough economic agenda against China, becoming even stronger since the arrival of Covid-19.

Meanwhile, President-elect Joe Biden is not expected to make significant changes in the upcoming US-China relations, as Biden said earlier this week that he would “hold the Chinese government accountable. of their abuses in commerce, technology, human rights and other fields “.

The White House did not comment on the January 2 statement of the Chinese Ministry of Commerce.

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