PNN – Chinese experts pointed out the American policies against China and pointed out: Washington’s actions harm the economy and the confidence of the global market.
According to the report of Pakistan News Network, US Treasury Secretary Janet Yellen emphasized last Thursday in a meeting with business managers at the Economic Club of New York: China’s overstretched supply chains threaten our jobs and investments in the green energy sector, and Beijing’s trade policies may significantly challenge Washington’s efforts to build a healthy economic relationship.
In this regard, Joe Mei, the senior researcher of the Chinese Academy of World Trade and Economic Cooperation, stated: America’s actions are aimed at weakening China’s leading industries in global competition; Because Washington has effectively conceded its declining technological superiority over Beijing.
He added: Contrary to US unilateralism and protectionism, which severely damages the global economy and undermines market confidence, China has always insisted on expanding trade facilities, investment and creating more business opportunities for foreign companies.
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According to the report, the US government imposed new tariffs on a range of Chinese imports in May, including electric vehicles (EVs), advanced batteries, solar cells, steel, aluminum and medical equipment.
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In this regard, Gao Lingyun, an expert from the Chinese Academy of Social Sciences, stated: Economic theory has repeatedly proven that free trade and globalization benefit all participants.
He added: Washington should directly and actively deal with the challenges facing this approach and seek constructive solutions instead of blaming Beijing.
This expert also emphasized: The rapid progress of China’s electric vehicle sector and other competitive industries mainly stems from the extensive domestic market and the fierce competition of this country’s market.