India, China need to "deepen cooperation" to fight trade protectionism

ANI  |  New Delhi [India] 

has called for deeper cooperation with to fight protectionism, and accused the of provoking disputes.

Terming and China as developing nations, China said, "As the two largest developing countries and emerging markets, China and India are both in the vital stage of deepening reform and developing economy and both need stable external environment. Practicing unilateral trade in the name of "national security" and "fair trade" will not only affect China's economic development, but also undermine the external environment of India and hinder India's booming economy."

Rong further pointed that at the Economic Forum in Davos, Chinese and spoke with one voice to safeguard the multilateral trading system and free trade.

While mentioning at length about the unilateralism and bullying activities by the US, the statement underlined that India and China have common interests in defending the multilateral trading system and free trade.

Rong also recalled the publishing of the "Qingdao Declaration" and the 10th BRICS Summit Johannesburg Declaration in which the two nations stood together against

Taking a dig at the US, Rong said that China has always followed the principle of non-interference in internal affairs of others whereas the US has been interfering in the internal matters of developing nations including India and China on the pretext of human rights and religious matters.

Addressing the accusations hurled at China by the US Vice about military aggression and predatory economic practices, Rong said that the accusations are groundless.

He further urged the US to understand China's development in a right way and stop its misguided comments and actions which are harming China's core interest.

"China is unswervingly pressing ahead with comprehensively deepening reform and opening wider to the outside China is committed to the path of peaceful development and forging a community with a shared future for mankind," Rong added.

Terming the militarisation of the Sea a "distortion of facts", Rong asked the US to "stop making troubles and creating tensions, and respect the efforts of relevant parties to resolve problems through negotiation and consultation."

Defending its economic policies, China addressed the US' allegations of putting some developing countries into "debt trap" and called it an "attempt to sow discord."

"China's economic cooperation with other developing countries is committed to win-win cooperation and common development," Rong asserted.

Touching upon US Michael R Pompeo's recent visit to China amid the trade friction, the said that the two nations addressed the need of cooperation in order to achieve a "win-win outcome."

While maintaining that the US has nothing against China, Rong said that the two sides discussed several issues.

"During his visit to China, Pompeo said the US and China have differences on many issues, but the US is not against China's development and has no intention to contain China. The US is willing to strengthen communication with China, and together work out to the current challenges," he said.

Pompeo visited China on October 3, where he met with Yang Jiechi, member of the of the of the (CPC) and of the of the CPC Central Committee, and Wang Yi, State Councilor and of China.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, October 10 2018. 17:05 IST