Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

China foreign minister says wants to manage disputes with U.S.

Published 01/25/2017, 03:06 AM
© Reuters. Chinese Foreign Minister Wang Yi speaks during a joint press conference with Iranian Foreign Minister Mohammad Javad Zarif in Beijing

BEIJING (Reuters) - China wants dialogue with the new U.S. administration to manage disputes and promote bilateral relations, but only on the basis of respecting each other's core interests, like the "one China" principle, China's foreign minister said.

U.S. President Donald Trump, who was inaugurated on Friday, upset Beijing before taking office by casting doubt on the "one China" principle, under which Washington acknowledges Beijing's position of sovereignty over self-ruled Taiwan.

China views Taiwan as a wayward province, to be brought under its control by force if necessary. However, proudly democratic Taiwan has shown no interest in being ruled by Beijing.

Speaking at a reception for the upcoming Chinese Lunar New Year, Foreign Minister Wang Yi said the future direction of Sino-U.S. ties had "attracted attention".

"We are willing, on the basis of strictly abiding by the 'one China' principle and respect of each other's core interests, to have dialogue with the new U.S. government," Wang said, in comments posted on the ministry's website late Tuesday.

China is willing to "increase mutual trust, focus cooperation, manage and control disputes and promote the healthy development of China-U.S. relations, to bring even greater benefits to both peoples", he added.

Separately, state news agency Xinhua quoted Chinese ambassador to Washington, Cui Tiankai as saying that while the Trump administration has yet to formulate a China policy, the general trend of China-U.S. cooperation cannot be reversed as it is "the only right choice" for both.

In any trade war, both countries would suffer, he added.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

"Currently, the world economy needs a strong engine to lead to stronger development and faster growth, it's inescapable responsibility for China and the United States to do this, rather than heading toward a trade war," Cui said.

With Trump's decision to quit the Transpacific Trade Partnership (TPP), Cui said China cannot take over the U.S. role as the global leader who makes trade rules.

"I think this is a misleading notion, because international trade rules cannot be made by the United States or China alone, and rather, they should be made and implemented by all nations in the world," Cui said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.