– There are no winners in the trade war, and conflict with the world leads to loneliness. For over 70 years, China has been based on its own, not on its bounty. Xi Jinping said. Thus, the Middle Kingdom leaders mentioned the recent US dispute over customs.
– Regardless of how the foreign environment changes, China continues to focus on carrying out its own tasks. China and Europe are pillars of economic globalization and free markets. Both sides should be responsible for international issues and jointly oppose unilateral threats to ensure a fair international order.
The Chinese leader’s first public speech comes long when the global stock exchange was shaking by a violent response to high obligations that President Trump issued, and the fear of a global recession is at its biggest over the years.
See: Donald Trump won’t stop. China’s duties have been raised to 125%
Until now, Xi Jinping has remained silent and never mentioned the American leader’s confusing decision. At this time, the tariff value on Chinese products has already reached 145%.
China is responding to the US. Beijing wants to ensure global stability
The Shanghai Stock Exchange on Thursday accounted for a portion of a decline from the past, returning to the 3,200-point level, but China continues to face major economic hardships and the tariff war from the US will emerge at a very difficult moment for Beijing.
See: China will not give up on Trump. Customs war escalates
In such a volatile global situation, Beijing is trying to present itself as a stable guarantor of the international order, in contrast to the unpredictable US administration. Xi Jinping is hoping to persuade countries especially affected by Donald Trump’s recent high obligations.
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