China's permanent representative to the UN Ma Zhaoxu hosts a briefing on the US-China trade relations at the UN headquarters in New York, May 17, 2019. (MA JIANGUO / XINHUA)
UNITED NATIONS – Cooperation is the only right choice for China and the United States, China's Permanent Representative to the United Nations (UN) Ma Zhaoxu said on Friday.
The economic and trade relations between China and the US are the "ballast" and "propeller" of this important bilateral relationship, Chinese envoy said while hosting a briefing on the US-China trade relations at the UN headquarters in New York. It is not only about US-China bilateral relations but also world peace and prosperity, he added.
The trade protectionist measures of the United States will have an impact on the Chinese economy, but it can be overcome.
Ma Zhaoxu, China's Permanent Representative to the UN
Representatives from more than 100 UN member states and international agencies attended the meeting.
Referring to the consultations between the two countries since the US unilaterally provoked the frictions in March 2018, the Chinese envoy said that China will resolutely defend its core interests and will never give in on major issues of principle.
China strongly opposes the US practice of imposing additional tariffs, said the Chinese envoy.
Ma expressed his hope that the US and China could work together, meet each other in the halfway, address each other's concern based on mutual respect and equality, and strive for a mutually beneficial agreement.
"The agreement between the two sides must be equal-footed and mutually beneficial," he said. China's three core concerns – removal of all the additional tariffs, working out a realistic amount of purchases, and improving the balance of the wording of the text – must be addressed, he stressed.
The Chinese economy has maintained steady growth and has shown positive momentum, Ma told the audience. "The trade protectionist measures of the United States will have an impact on the Chinese economy, but it can be overcome."
Ma Zhaoxu, center front, China's permanent representative to the United Nations, speaks during a briefing on the US-China trade relations at the UN headquarters in New York, May 17, 2019. (MA JIANGUO / XINHUA)
"The Chinese economy is a sea, not a small pond," he added. "We will continue to promote reform and opening up according to our own pace, and promote high-quality development of the economy according to our own timetable and road map, to realize the long-term stability and growth of the Chinese economy."
According to Ma, paying mutual respect to each other's core concerns and making mutual concessions on the basis of mutual respect, equality and mutual benefit are the premises of expanding cooperation. Only in such a way, the trade issues between the two sides could be resolved, he added.
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