Chinese Ambassador on China-US trade

Added On May 15, 2018

Chinese Ambassador to the United States Cui Tiankai has said the trade imbalance between China and the United States cannot and will not last in the long run.
Cui made the remarks at the panel discussion "Forty Years of U.S.-China Relations" hosted by a policy research organization based in Washington, D.C.
China and the United States will mark the 40th anniversary of the establishment of their diplomatic relations next year.
As trade grows increasingly important in bilateral relations, Cui called for concerted efforts from both sides to find solutions to short-term problems first.
SOUNDBITE (ENGLISH): CUI TIANKAI, Chinese Ambassador to the U.S.
"I think our two working teams are even talking to each other right now to try to find a solution. I am quite confident that if we could have a balanced approach to each other's concerns we would be able to find the solution. Maybe we cannot solve all the problems right now, we will address the short term problems and also look at the long term more structural problems. We will be able to do that."
Cui said negotiations based on mutual trust and a balanced approach can achieve their goals.
The Chinese ambassador also said it is unnecessary for some Americans to make a fuss about the "Made in China 2025" plan, since all nations can join.
SOUNDBITE (ENGLISH): CUI TIANKAI, Chinese Ambassador to the U.S.
"As for the 'Made in China 2025', I think actually it is kind of an idea, a goal,I think this is only natural and even legitimate for all major economies to have such an aspiration. But this is an open plan that is open to Chinese companies, American companies operating with each other, it is open to everyone. It doesn't mean that we want to make all these goals by the 2025 as exclusion of the U.S. companies."
Introduced in 2015, the "Made in China 2025" plan was designed to upgrade the country's manufacturing industry.
The 10-year national plan aims to promote development in 10 key sectors, including robotics, aerospace equipment and new materials.
Meanwhile, he also cautioned that some people in the U.S. are trying to place a "glass curtain" between the two countries, and called for enhanced dialogue to increase mutual understanding.
SOUNDBITE (ENGLISH): CUI TIANKAI, Chinese Ambassador to the U.S.
"There are some people are trying to have a so-called a glass curtain standing between our two countries, they are not only questioning the economic relations or political relation, they are even questioning the people-to-people exchange educational exchange cultural relations, they are even so suspicious of the Chinese students who are studying here, I think this is very dangerous.But it is certainly very dangerous to base foreign policy on fear suspicious or even hatred. I think it is still the major problem maybe the most serious problem between us."
The Chinese ambassador also said that his country will by all means ensure its own high-quality future development while continuing to open up.