China reaffirms commitment to opening up at roundtable with U.S. businesses as the international trade tensions increase.
China’s Ministry of Commerce organized a roundtable meeting with U.S. funded companies on Sunday to reaffirm the nation’s commitment to its ongoing reform and opening-up process amidst escalating global trade tensions.
The meeting, chaired by Ling Ji, the vice minister of commerce and deputy China international trade representative, was attended by representatives from over 20 U.S. companies, including major names such as Tesla, GE Healthcare, and Medtronic.
Ling emphasized that despite global uncertainties, China remains steadfast in its commitment to reform and opening up, highlighting that multilateralism is the key solution to the challenges facing the world. He reiterated that China’s doors to the world will only continue to open wider.
Ling assured that China’s policies to attract foreign investment remain unchanged and will continue to do so, emphasizing that the government will persist in safeguarding the legitimate rights and interests of foreign enterprises operating in China, including those from the U.S.
The meeting was held amid fresh trade tensions, as the U.S. recently raised tariffs on its trade partners, including China. Ling strongly criticized the tariff hike, calling it a significant blow to the multilateral trade system and an infringement on the rights of other nations.
In response, China has implemented firm countermeasures, not only to protect the rights of affected enterprises, including U.S.-funded companies, but also to encourage the United States to re-engage with the multilateral trade framework, Ling explained.
Ling, placing the blame for the current turmoil on the U.S., urged U.S. businesses operating in China to assess the situation in a balanced manner, provide rational input, and take practical steps to help stabilize global supply chains while fostering cooperation for mutual benefit.
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