Wei Jianguo: China-US Economic and trade war will last for 30 years
Wei Jianguo said that the ultimate purpose of the China-US trade war is that the US wants to ruin China because the US is unwilling to accept China as a rising power and does not want the “new China-US relationship”, proposed by China.
Wei Jianguo, the former Vice-Minister of Commerce of China, predicted that the China-US economic and trade war will last for 30 or even 50 years. He said that the ultimate purpose of the China-US trade war is that the US wants to ruin China because the US is unwilling to accept China as a rising power and does not want the “new China-US relationship”, proposed by China.
As the China-US trade war has reached a stalemate, the well-known think tank, China Center for International Economic Exchanges, invited eight former Chinese senior officials and presidents of three industry associations to express their views on the China-US trade war at the China-US high-end seminar on economic and trade relations.
Wei Jianguo said at the meeting that the US has begun to comprehensively contain China and this may be the biggest misjudgment made by the US. The US government started a wrong war at the wrong time, and chose the wrong target.
He said that China has no intention of challenging the status of the US. China’s ultimate goal is to get rid of the humiliation which China suffered in the past and bring a better life for its people. However, the trade war has made the Chinese people realized what is the biggest obstacle in the path of China’s development.
China has always tried to properly handle the contradictions between China and the US but the US abused China’s kindness. From increased tariffs, to the fierce speech of the US Vice President and the suppression of high-tech enterprises such as Huawei, it has crossed China’s bottom line for no reason. Even worse, the US put forward the so-called clash of civilizations and ideology.
Zhou Wenzhong, former Chinese ambassador to the US, said that the fundamental issue between China and the US is whether the US is willing to recognize and accept the development and growth of a socialist China.
He said that China is striving to resolve the problems in the economic and trade relations through negotiations, but we must also be wary of some people who want to expand the economic and trade disputes to other areas, such as science and technology exchanges, and regional security, especially in Taiwan, the South China Sea and other issues involving China’s core interests. Therefore, China needs to make the necessary responses.
Wei Jianguo said that the US can not extricate itself and will go further on the wrong road. Thus, we must urge them to stop. China did not initiate the trade war but we have no fear and we will fight until the end.