China pushes back 'economic war' talk from WH's Bannon

By Chen Weihua in Washington | China Daily USA | Updated: 2017-08-18 13:00

Beijing on Thursday rebuffed comments by White House chief strategist Steve Bannon that China and the US are in an "economic war".

Foreign Ministry spokeswoman Hua Chunying said that a trade war does not serve the interests of either party, as fighting one will not produce a winner.

"We hope that the relevant persons can stop perceiving an issue of the 21st century with the zero-sum mentality of the 19th or 20th century," she told a daily briefing in Beijing.

Her comment came a day after the American Prospect published an interview with Bannon.

In the interview, Bannon claimed that "we're at economic war with China. One of us is going to be a hegemon in 25 or 30 years, and it's gonna be them if we go down this path."

Bannon claimed that the so-called economic conflict with China is everything.

"And we have to be maniacally focused on that. If we continue to lose it, we're five years away, I think, 10 years at the most, of hitting an inflection point from which we'll never be able to recover," he was quoted as saying.

According to the article, Bannon's line of attack includes: a complaint under Section 301 of the 1974 Trade Act against so-called Chinese forced technology transfers, and follow-up complaints against steel and aluminum dumping.

"We're going to run the tables on these guys. We've come to the conclusion that they're in an economic war, and they're crushing us," Bannon was quoted as saying.

Hua, the Foreign Ministry spokeswoman, noted that she saw the relevant report but has yet to verify its veracity. She reiterated China's stance that the economic relations and trade between China and the US are mutually beneficial in essence.

"In fact, the long-term economic and trade cooperation between China and the US have brought tangible benefits to the

two peoples, which is an undeniable fact in the eyes of any unbiased person," she said.

She said the importance of China-US relations is evident enough. "The Chinese and US leaders and people from various sectors are willing to uphold the steady and sound development of the China-US relations in a more proactive way," she said.

"The two sides need to strengthen dialogue and communication, promote across-the-board exchange and cooperation, properly handle each other's concerns and jointly ensure the steady and sound development of China-US relations," Hua said.

In the interview, Bannon also vowed to battle so-called trade doves inside the Trump administration. US news media reported that Bannon's rivals inside the White House and some of Trump's outside advisers have urged Trump to fire Bannon. On Tuesday, Trump declined to publicly offer Bannon any assurance of his fate.

US experts have warned of a major confrontation in trade between the world's two largest economies.

Copyright 1995 - . All rights reserved. The content (including but not limited to text, photo, multimedia information, etc) published in this site belongs to China Daily Information Co (CDIC). Without written authorization from CDIC, such content shall not be republished or used in any form. Note: Browsers with 1024*768 or higher resolution are suggested for this site.
License for publishing multimedia online 0108263

Registration Number: 130349