Maurice Greenberg, chairman and chief executive of U.S. Shidai Investment Group, asked: 'Some people said that China and the United States are now sitting down and talking. Is there any progress? Can we make some evaluations?'
In the afternoon of March 26th, Prime Minister Li Keqiang held discussions with foreign representatives attending the China Development High Level Forum 2018.
Li Keqiang said that in recent days, there have been endless arguments concerning trade disputes between China and the United States and even a trade war. I here emphasize in particular that there will be no winners in the trade war. It is not only unfavorable to both parties but also to the world.
He emphasized that the current world economic recovery is showing a good trend and that the world should work together to promote the recovery of international trade and further promote the recovery of the world economy. To achieve this, we must adhere to the multilateral trade rules and oppose trade protectionism. In order to enable everyone to share the benefits of world economic development.
Li Keqiang said that trade has always been a bargaining process. Trade frictions are unavoidable. In particular, the scale of trade between China and the United States has reached 580 billion U.S. dollars last year.
'I want to emphasize that such a high volume of trade basically does not depend on the strength of the government, but more on the strength of multilateral trade rules and market forces. ' Li Keqiang said, 'There has been trade friction, and the government should maintain rationality through The negotiation method and business rules will be solved. I believe that both China and the United States have the wisdom to solve this problem. '
Li Keqiang said that China and the United States have experienced such ups and downs in the economic and trade sector for decades. However, the trade volume has been increasing upwards. 'We hope to increase the trade balance between China and the United States by making bigger increments. Closing the door also blocks his own way. 'He said.
He emphasized that China never pursues a trade surplus with any country because it is difficult to sustain. China hopes to continue to maintain communication with the United States and properly resolve trade friction with each other. The end result is that both sides can benefit.
Li Keqiang reiterated in the end: 'China's opening to the outside world will be opened wider and bigger, and we hope that US companies will continue to increase investment in China.'