Experts said that the spill-over effect of trade wars can reach the whole world, posing severe challenges to the global order, rules, trade systems, supply chains and even bringing negative impact on the peaceful development of the world.
"What China emphasizes, such as avoiding raising tariffs and a balance in the appeals of both sides, is not only the requests of China but also the rational choice for any country when facing unreasonable trade demand," said Dong Yan, a researcher with the CASS's Institute of World Economics and Politics.
Analysts agreed at Sunday's symposium that cooperation benefits China and the Unites States, while conflicts hurt both; cooperation is always the right path to resolve the China-U.S. trade dispute.
NO YIELDING ON PRINCIPLES, FIGHT AND TALK ALTERNATELY
Experts said that the U.S. accusation of China's "backtracking" for the unsuccessful talks is untenable and irresponsible as the two are still in the process of negotiation. As a matter of fact, the U.S. side is to blame for the negotiating setback as it has been exerting pressure on China and upping the ante.
"The U.S. requests involve China's core interests and major concerns. They touch the bottom line and China will not compromise," said Wei Jianguo, executive deputy director of the China Center for International Economic Exchanges.
He noted that a successful agreement must ensure both sides are satisfied for the most part and have both sides to make compromises.
【国内英语资讯:China not to compromise on major principles, capable to cope with challenges: think tanks】相关文章:
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2020-09-15
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