{"id":36580,"date":"2019-06-06T22:47:56","date_gmt":"2019-06-07T02:47:56","guid":{"rendered":"https:\/\/antiguanewsroom.com\/?p=36580"},"modified":"2019-06-06T22:47:56","modified_gmt":"2019-06-07T02:47:56","slug":"grenada-diplomat-accuses-us-of-engaging-in-malicious-competition","status":"publish","type":"post","link":"https:\/\/antiguanewsroom.com\/grenada-diplomat-accuses-us-of-engaging-in-malicious-competition\/","title":{"rendered":"GRENADA-Diplomat accuses US of engaging in \u201cmalicious competition\u201d"},"content":{"rendered":"
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China\u2019s Ambassador to Grenada\u00a0\u00a0<\/span>Zhao Yong Chen,\u00a0\u00a0<\/span>has accused the Donald Trump administration in the United States of engaging in malicious competition by completely banning telecommunications company Huawei and creating obstacles to economic and scientific cooperation and exchange between the two countries.<\/p>

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Ambassador Zhao Yong Chen<\/figcaption><\/figure>\n

According to the Ambassador, the US has made China\u00a0\u00a0\u00a0<\/span>a scapegoat and this has led to\u00a0\u00a0\u00a0<\/span>competition\u00a0\u00a0<\/span>that is \u201cextremely unfair\u201d.<\/p>\n

Speaking during a news conference here on Thursday,\u00a0\u00a0<\/span>he called on the United States to correct its mistakes in order to get the economic cooperation between the two major powers back to the right track and promote win-win cooperation.<\/p>

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\u201cThe United States imposed high tariffs claiming excuses of China\u2019s trade deficit with the United States is a total deviation from the market economic rules\u201d said the Ambassador who explained that by trumpeting \u201cAmerica First\u201d, the current US administration raises it\u2019s bets in the course of 11 rounds of negotiations with China, demanding China to meet its willful wishes.<\/p>

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\u201cIrritated by refusal from China, the US made a big noise in the world, attacking China, backing off promises and quickly introduced administrative measures to impose high tariffs in an attempt to suppress China. This kind of bullying practice and style in the economic field is typical protectionism and unilateralism, a violation not only to the rules of World Trade Organization, but also to common practice of market economy,\u201d he told reporters.<\/p>\n

Claiming that the US has gained huge profits from China\u2019s import and export, the Ambassador said for a long time, a large number of high-quality and low-priced goods have been exported from China to meet the needs of US consumers.<\/p>

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\u201cThe living standards of the American people has been greatly improved, and China also obtained corresponding labour income and remuneration. The most important fact is that China uses the foreign exchange generated by trade surplus to purchase large amounts of US Treasury bonds to help the US maintain ultra-high consumption.\u00a0 This is a win-win result,\u201d he said.<\/p>\n

Explaining that the United States imposes restrictions on high-tech and cutting-edge technology export to China is another form of discrimination\u00a0\u00a0<\/span>and unfair trade practice.<\/p>

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\u201cThis is a major source of the trade imbalance between the two countries. It is also a manifestation of discriminatory unequal trade. The United States should review\u00a0its policy mistakes over the years rather than\u00a0making\u00a0useless effort to take China\u00a0an excuse\u00a0to mislead the people,\u2019 he said.<\/p>

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\u201cIn fact, as long as the United States pursues the belief of win-win cooperation, breaks trade barriers and restrictions conduct trade and investment with China on an equal and fair basis, the trade imbalance can be solved through friendly consultations,\u201d said Zhao who described the issue as not a big problem.<\/p>\n

\u201cAlthough fully aware of the cure for the disease, the United States, adopts a wrong prescription. Overdose will eventually become a poison, incurring harm to all parties,\u201d he said.<\/p>\n

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China\u2019s Ambassador to Grenada\u00a0\u00a0Zhao Yong Chen,\u00a0\u00a0has accused the Donald Trump administration in the United States of engaging in malicious competition by completely banning telecommunications company Huawei and creating obstacles to economic and scientific cooperation and exchange between the two countries. Ambassador Zhao Yong Chen According to the Ambassador, the US has made China\u00a0\u00a0\u00a0a scapegoat and […]<\/p>\n","protected":false},"author":3,"featured_media":28765,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-36580","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-regional"],"yoast_head":"\nGRENADA-Diplomat accuses US of engaging in \u201cmalicious competition\u201d - Antigua News Room<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/antiguanewsroom.com\/grenada-diplomat-accuses-us-of-engaging-in-malicious-competition\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"GRENADA-Diplomat accuses US of engaging in \u201cmalicious competition\u201d\" \/>\n<meta property=\"og:description\" content=\"China\u2019s Ambassador to Grenada\u00a0\u00a0Zhao Yong Chen,\u00a0\u00a0has accused the Donald Trump administration in the United States of engaging in malicious competition by completely banning telecommunications company Huawei and creating obstacles to economic and scientific cooperation and exchange between the two countries. 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