INSUBCONTINENT EXCLUSIVE:
Chinese Ambassador to the United States Xie Feng criticized United States tariff hikes on May 3, saying China does not want a trade war,
but is not intimidated by it, and if the United States wants to talk, it should act in the spirit of equality, respect and reciprocity.Xie
made the remarks in a speech delivered at an open house presenting northwest China's Gansu Province. He said that in today's global
economy, no country can thrive alone and building barriers only blocks the flow of shared growth
Xie pointed out that the United States benefited a lot from the global trade rather than suffering loss
For example, Americans can enjoy affordable goods from around the world while leading in finance, technology and services thanks to global
trade.About the trade imbalance between China and the United States , Xie commented that the China-United States economic relationship is
overall balanced and mutually beneficial
According to him, in 2022 alone, the sales revenue of the United States -owned enterprises in China significantly exceeded those of
Chinese-owned enterprises in the United States , by over $400 billion.Xie remarked that China does not want a trade war, but is not
"We are defending not only our own legitimate rights and interests but also the order of international trade," Xie said.He confirmed China's
commitment to steady growth and greater openness to the world, and said that China is world's second-largest consumer market, with the
biggest middle-income population and a key trading partner for over 150 countries.He noted that China's GDP grew 5.4 percent in the first
quarter and exports rose 6.9 percent despite global challenges
"Our network of global partners keeps growing
More foreign visitors enjoy traveling and shopping in China, thanks to visa-free transit and instant tax refunds," said Xie.Foreign visits
in China amounted to 64.88 million last year, up by 82.9 percent
During the five-day May Day holiday week, inbound tourism bookings jumped by 173 percent, Xie said.
