Victory belongs to upholder of justice
By Wu Yuehe
China never backtracks on its
words. From June 1 on, the country’s imposition of additional tariffs on 60
billion dollars worth of US imports will take effect, as a counter-measure
against Washington’s move to increase tariffs on 200 billion dollars worth of
Chinese goods from 10 percent to 25 percent.
China has also released a message
to the world that it will establish a list of unreliable entities based on
relevant laws and regulations.
Foreign enterprises,
organizations and individuals that do not comply with market rules, violate the
spirit of contract, block or cut supplies to Chinese firms with non-commercial
purposes, and seriously damage the legitimate rights and interests of Chinese
enterprises, will be added to the list of unreliable entities.
China strikes back at what that
makes it suffer. It is imperative to take decisive counter-measures as the US
has undermined China’s industrial chain and supply chain security by adding
more Chinese high-tech firms on the Entity List.
China’s Foreign Trade Law clearly
stipulates that in the event that any country or region applies prohibitive,
restrictive or other like measures on a discriminatory basis against China in
respect of trade, China may, as the case may be, take counter-measures against
the country or region in question.
The country’s Anti-monopoly Law
and National Security Law also provide legal support for its counter-measures
against the US. Obviously, China’s decision to establish the list of unreliable
entities is a strong fist against the hegemonic moves of the US, and it is
absolutely lawful!
In retrospect, the world could
find that it was the US’ backtracking and extreme pressure on China that had
frustrated the consultation process of the 11 rounds of China-US high-level
economic and trade consultations.
On the contrary, China always
adheres to principles and keeps it bottom line. In the face of rounds of
tariff-driven attacks from Washington, China fought back with composure and
dignity.
When Washington expressed its
willingness to talk, China earnestly engaged in the consultations with greatest
sincerity. As the US initiated the trade war unilaterally, China was forced to
take counter-attacks while remaining calm.
Facts speak louder than words.
The US, which has repeatedly adopted unilateralism and protectionist practices
recklessly and arbitrarily, has plagued the world.
The international community
generally believes that through taking counter-measures, China is not only
safeguarding its legitimate rights and interests, but also maintaining
multilateralism and the global free trade system.
China has always had the sense of
justice and followed the trend of the times. It has become an international
consensus that China’s development and growth brings peace and prosperity to
the world, not the risk of conflict.
The US cannot expect to always be
at the top in technology, Malaysian Prime Minister Mahathir Mohamad told a
conference in Tokyo on Thursday.
The Malaysian Prime Minister also
called on countries to handle their relations with China, which is becoming
increasingly stronger, through dialogue.
Countries with different
ideologies must get along well with each other, he said, warning that conflict
between the US and China would only lead to greater destruction.
Indeed, if the US is obsessed
with unilateral trade moves, it will only be hit by “greater destruction”.
According to US media reports, Washington’s trade policy has put American
farmers on the verge of financial collapse.
Wall Street has also fallen
victim to Washington’s unstable trade policy, as the escalation of the trade
war has wiped out more than $1 trillion of stock market value.
Research carried out by US
scholars on trade conflicts between 151 countries (34 developed countries
included) from 1996 to 2014 has found that trade protectionism could create
greater impact on developed countries. Therefore, it is totally groundless for
some US politicians to assume that China will suffer heavier losses in trade
disputes.
Strategic misjudgment is a big
mistake in the arena of international relations. For the United States, what is
really dangerous at the moment is not its trade deficit, but how it sees the
issue. Some US politicians should open their eyes to see the fact that the
world is not what they’ve imagined and China is never a country they should
underestimate.
It is unpredictable how far some
US politicians will go toward the wrong direction, but it is clear that China
has enough strength, confidence, determination and willpower to fight the trade
war to the end. Victory will eventually belong to the party that upholds
justice.
Victory belongs to upholder of justice
Reviewed by PEOPLES MAIL
on
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