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China's Premier Urges US To 'act Rationally' Over Trade
Views: 16 · Added: 2420 days agoBEIJING (AP) - Chinese Premier Li Keqiang appealed to Washington on Tuesday to "act rationally" and avoid disrupting trade over steel, technology and other disputes, promising that Beijing will "open even wider" to imports and investment.
"No one will emerge a winner from a trade war," said Li, the No. 2 Chinese leader, at a news conference held during the meeting of China's ceremonial legislature.
Li made no mention of a possible Chinese response in the event U.S. President Donald Trump raises import barriers over trade complaints against Beijing, but other officials say President Xi Jinping's government is ready to act.
Chinese Premier Li Keqiang applauds during the closing session of the annual National People's Congress in the Great Hall of the People in Beijing, China, Tuesday, March 20, 2018. (AP Photo/Ng Han Guan)
Trump's government has raised import duties on Chinese-made washing machines and other goods and is investigating whether Beijing pressures foreign companies to hand over technology, which might lead to trade penalties. That could invite Chinese retaliation.
"What we hope is for us to act rationally rather than being led by emotions," the premier said. "We don't want to see a trade war."
Commerce Minister Zhong Shan said March 11 that China will "resolutely defend" its interests but gave no details. Business groups have suggested Beijing might target U.S. exports of jetliners, soybeans and other goods for which China is a major market.
Asked whether Beijing might use cách trị ngứa phụ khoa its large holdings of U.S. government debt as leverage, the premier said its investments are based on market bệnh viêm nhiễm phụ khoa và cách điều trị principles and "China will remain a responsible long-term investor."
Li promised more market-opening and other reforms as Xi's government tries to make its cooling, state-dominated economy more productive. He said Beijing will make it easier to start a business and will open more industries to foreign and private competition.
The ruling Communist Party promised in 2013 to give a bigger role to market forces and entrepreneurs who generate most of China's new jobs and wealth. Reform advocates complain they are moving too slowly.