BR100 Increased By (0.44%)
BR30 Increased By (1.39%)
KSE100 Increased By (0.62%)
KSE30 Increased By (0.61%)
BECO 5.43 Decreased By ▼ -0.06 (-1.09%)
BML 55.69 Decreased By ▼ -1.07 (-1.89%)
BOP 35.38 Increased By ▲ 0.26 (0.74%)
CNERGY 8.20 Increased By ▲ 0.05 (0.61%)
DCL 11.55 Increased By ▲ 0.04 (0.35%)
FCCL 58.36 Increased By ▲ 1.61 (2.84%)
FCSC 5.12 Decreased By ▼ -0.03 (-0.58%)
FFL 17.84 Decreased By ▼ -0.04 (-0.22%)
FNEL 1.25 No Change ▼ 0.00 (0%)
HUMNL 11.07 Decreased By ▼ -0.05 (-0.45%)
KEL 8.75 Increased By ▲ 0.33 (3.92%)
KOSM 6.69 Increased By ▲ 0.11 (1.67%)
MLCF 107.15 Increased By ▲ 3.85 (3.73%)
NBP 201.73 Increased By ▲ 1.55 (0.77%)
PACE 11.30 Increased By ▲ 0.01 (0.09%)
PAEL 44.49 Increased By ▲ 1.02 (2.35%)
PIAHCLA 29.41 Increased By ▲ 1.92 (6.98%)
PIBTL 18.64 Increased By ▲ 0.94 (5.31%)
PPL 247.98 Increased By ▲ 3.66 (1.5%)
PRL 35.29 Decreased By ▼ -0.14 (-0.4%)
PTC 66.14 Increased By ▲ 0.79 (1.21%)
SEARL 95.49 Increased By ▲ 2.17 (2.33%)
SSGC 32.04 Decreased By ▼ -0.90 (-2.73%)
TELE 8.87 Decreased By ▼ -0.04 (-0.45%)
THCCL 66.61 Decreased By ▼ -0.11 (-0.16%)
TPLP 10.57 Decreased By ▼ -0.26 (-2.4%)
TREET 25.30 Increased By ▲ 0.18 (0.72%)
TRG 64.40 Decreased By ▼ -0.50 (-0.77%)
WAVES 10.90 Decreased By ▼ -0.03 (-0.27%)
WTL 1.26 Increased By ▲ 0.01 (0.8%)
World

Senior China diplomat urges US to stop 'arbitrary suppression' of Chinese companies

  • State Councillor: sanctions threaten global security.
  • Sees room for cooperation on Biden policy priorities.
  • Says time for US to resume 'objective' China policy.
Published December 18, 2020 Updated December 18, 2020 11:04pm
By

The United States should choose dialogue and consultation with China instead of pursuing "unacceptable" unilateral sanctions against Chinese companies, China's State Councillor and foreign minister Wang Yi said on Friday.

Washington is adding dozens of Chinese companies, including the country's top chipmaker, SMIC, to a trade blacklist, a move seen as the latest in President Donald Trump's efforts to cement his tough-on-China legacy.

The US Commerce Department said the action "stems from China's military-civil fusion doctrine and evidence of activities between SMIC and entities of concern in the Chinese military industrial complex".

Wang, in a special address to the Asia Society that focused mainly on the state of Sino-US relations, urged the United States to stop "overstretching the notion of national security" and "arbitrary suppression of Chinese companies".

"We need to replace sanctions with dialogue and consultation," he said, adding that unilateral sanctions had become the "biggest destabilising factor to regional and global security".

"China is not a threat to the United States - was not, is not and will not be a threat," Wang said, yet relations were at their lowest ebb since the establishment of full diplomatic ties in 1979.

Tensions between Washington and Beijing have grown over the past year as the world's top two economies sparred over Beijing's handling of the coronavirus outbreak, imposition of a national security law in Hong Kong and rising tensions in the South China Sea.

Wang also railed at attempts by some US politicians to defame China's ruling Communist Party, describing these as "irresponsible" accusations without any evidence.

Likening Sino-U.S relations to a "giant vessel," Wang said the interests of the whole world were at stake. "I think we all agree the time has come to decide the future course of this vessel," he said, calling for US policy toward China to "return to objectivity and sensibility as early as possible".

Beijing has taken note of the four policy priorities of US President-elect Joe Biden, who is set to take office on Jan. 20, Wang added, and believes at least three of them - COVID-19 response, economic recovery and climate change - provide room for cooperation between the two countries.

Comments

Comments are closed for this article.