Li Keqiang, Chinese Premier said on Tuesday that China did not want to get involved in a trade war with the United States of America, stating that the conflict could only ruin the relationship between the two countries.
“We hope that both parties can maintain reason, not act emotionally, and avoid a trade war,” said Mr. Li at a press conference.
He further added that any trade war would make no winner between the two superpowers and he hopes both parties can stay “calm” at the present situation.
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Addressing at the end of the 13th National People’s Congress (NPC, China’s national legislature), Premier Li affirmed that Beijing only wishes to maintain a good and stable relationship with their American counterparts.
The comments of the People’s Republic of China Premier come after US President Donald Trump’s move to impose a package of USD 60 billion against China as annual tariffs. President Donald Trump went forward with his threatening project, which according to him, serves as a punishment for China’s intellectual property violation and will contribute to the creation of jobs in America. Beijing is facing complaints of violating their market-opening commitments by imposing car manufacturers and other foreign companies to share their technological advancements to Chinese competitors.
Washington has accused Beijing for a long time of forcing US companies to hand over proprietary commercial information and intellectual property before starting operations in China. But the Chinese Premier promised that China “will strictly protect intellectual property rights”. “There will be no mandatory requirement for technology transfers and intellectual property rights will be better protected,” he was quoted saying.
Premier Li Keqiang stressed on the point that the Chinese economy plans to “open even wider” internationally. Xinhua quoted China’s Premier as saying, “Chinese economy is so integrated into the global economy that closing the doors would only block China’s own way. The economy will further open to the rest of the world.”
He further stated that the Chinese economy plans to expand its manufacturing industries to foreign competitors, therefore, making it more competitive.
“Beijing plans to eliminate import tariffs on drugs and slash duties on consumer goods. We also plan to further bring down overall tariffs with zero tariffs for drugs, especially much-needed anti-cancer drugs,” he added.