Chinese ambassador to
"As the "Grey Rhino" of China-US trade war rampages, many people are worried that the "Black Swan" of global economic crisis might come in the aftermath," said ambassador Zhang on the trade war between the two world's largest economies. "
He was resolute saying, "We oppose any forms of unilateralism and bullying, and we believe that win-win cooperation is the only right way to realize global economic development."
This week, some of the world's biggest footwear firms urged US President to end the US trade war with
"Since March, 2018, US has triggered and continuously escalated the trade war with
"China-US trade consultation process has been repeatedly thwarted, which were totally imputed to US. In order not to bring negative effects on the two countries' economy and the global trade,
He however expressed his disappointment that, "the US has repeatedly turned its back to the consultations, frequently "changing faces" by resorting to higher tariffs with no care about its own image and reputation in the face of the world."
He said although
The US vigorously pursues unilateralism, ignoring duly privileges bestowed to developing countries under the framework of
Moreover, he says the Trump administration under the pretext of "American security," applies the extraterritorial effect of its domestic law to the fullest, ignoring the international rules and rampaging across the world capriciously.
"It frequently implements long-armed jurisdiction, forcing foreign enterprises cooperate with US government otherwise they will faced the latter's sanctions," said Zhang.
Further, he US smears
"Therefore, Sino-US trade friction is to some extent a contest between progress and backwardness, free trade and protectionism, unilateralism and multilateralism. There is a Chinese saying goes, "A just cause enjoys abundant support, while an unjust one finds little support."
He noted at the general debate of the 73rd session of the
"The unilateralism and hegemony pursued by the US are unpopular and destined to fail.
Quoting data from the