China has no intention to meddle with US politics: MOFCOM

Source:Global Times Published: 2018/10/11 20:28:40

China refuted alleged accusations by top US leaders that China tried to "influence" US business leaders to give an opposing voice on current US trade practices, saying US entrepreneurs know whether such accusations stand.

"China always welcomes US companies and US business leaders. They have their own discretion on whether the Chinese government tried to influence them to oppose current US trade practices. As far as we know, there are many US business leaders who disagree with the tariffs imposed on Chinese imports by the Trump administration," Gao Feng, a spokesperson for the Chinese Ministry of Commerce (MOFCOM) told the Global Times at a press briefing on Thursday.

"For fear of possible retaliation, these business leaders have, up to this point, kept their mouths shut. I don't know if the US government used some ways to threaten them."

The comments were directed against alleged accusations by US Vice President Mike Pence in a stinging speech on October 4.

Pence claimed China tried to influence US mid-term elections by targeting tariffs on industries and states that support the Trump administration and that senior Chinese officials have tried to influence business leaders to encourage them to criticize US trade actions.

Gao said China is not willing to engage in any trade war, but has to play its part in the current US-China trade war which was started by and keeps escalating on the US side. The trade war has seen tariffs placed on hundreds of billions worth of bilateral goods.

"China's retaliatory measures are of reason and showed constraints, and China has no intention to meddle with other country's domestic affairs."

According to a white paper stating China's stance on the China-US trade frictions, the bilateral trade between the world's largest and second-largest economies has reached $700 billion during the past four decades. In the same period, accumulated bilateral investment exceeded $230 billion. The Chinese market generated annual revenues of about $700 billion for US companies, with a profit exceeding $50 billion. The mutual interests far outweigh disagreement, the report said.

Gao reiterated that as much as China maintains its intention to develop a healthy trade and economic relationship with the US, its determination to defend its lawful interest also remains unchanged.

Newspaper headline: China has no intention to meddle with US

Posted in: ECONOMY

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