Beijing, June 5 (Xinhua/UNB) -- Chinese President Xi Jinping is set to sit down with his U.S. counterpart, Donald Trump, on the sidelines of the Group of 20 (G20) summit in the Japanese city of Osaka, igniting a flicker of hope to bring the China-U.S. trade talks back on track.
The meeting arrives at a time when Washington's trade offensive against China is not only poisoning one of the world's most important bilateral relationships, but also risking throttling the already frail global economic recovery. Its significance is thus too great to miss.
When the two presidents met each other at last year's G20 summit in Argentina's capital city of Buenos Aires, they reached an important consensus to pause the trade confrontation and resume talks. Since then, negotiating teams on both sides have held seven rounds of consultations in search for an early settlement.
However, China's utmost sincerity demonstrated over the months seems to have only prompted some trade hawks in Washington to press for their luck.
Following its failure to coerce Beijing into swallowing a deal with unequal terms, a disappointed and enraged Washington returned to its tactic of tariffs by raising additional levies on 200 billion U.S. dollars' worth of Chinese goods from 10 percent to 25 percent, and threatening a new round of tariff hikes on another 300 billion dollars' worth of goods.
Some ultra-conservative U.S. decision-makers, who have for many years seen in China a "threat" to Washington's sole superpower status, have tried to extend the trade campaign into a broader operation to shut China out and contain its rise.
As a result, Washington is cracking down on Chinese high-tech companies including telecom equipment provider Huawei, while many Chinese students seeking to study in the United States are facing more restrictions like months-long visa delay.
Thanks to Washington's relentless efforts, the two countries, which should have celebrated the 40th anniversary of their diplomatic ties this year, are seeing their relations slipping down the path to a possible all-out confrontation.
Despite Washington's "in-your-face" style of maximum pressure strategy, China has been steadfastly consistent in its position. It has always been committed to settling trade frictions via dialogue and consultation and safeguarding its legitimate and sovereign rights at the same time.
Beijing, as it has on various occasions reaffirmed, does not want a trade war, but is not afraid of one, and will fight to the end if necessary.
Last week, Xi had a telephone conversation with Trump at the request of the U.S. leader, saying that he stands ready to meet Trump in Osaka to exchange views on fundamental issues concerning the development of China-U.S. relations.
Xi's words reflect an alarming fact that the two countries are facing a challenge to the fundamentals of their relationship. The upcoming Xi-Trump meeting provides a unique opportunity for the two sides to find new common ground in easing trade tensions and bring the troubled ties back onto the right track.
If the two sides can reach an agreement to pick up the talks, the United States needs to place itself on an equal footing with China, and accommodate China's legitimate concerns on the basis of mutual respect, equality and mutual benefit in order to seek win-win results in the future negotiations.
Just one day ahead of the Osaka G20 summit, some U.S. politician again threatened to slap punitive levies on imported Chinese goods. Such cheap tactics to bring China down to its knees with pressure will get nowhere.
For more than a year, Washington's spoils in its tariff campaign have so far only seen rising daily costs for ordinary American consumers, growing rejections from U.S. farmers, industry workers and business leaders, roller-coaster rides in U.S. stock markets, as well as China's increasingly stronger determination to defend its rights.
The trade fight between the world's two largest economies has already hit hard the global market and dented investors' confidence worldwide. The latest World Trade Outlook Indicator reading of 96.3 remains at the weakest level since 2010, signaling continued falling trade growth in the first half of 2019, according to the World Trade Organization.
Trade wars produce no winner. In his latest telephone talk with Xi, Trump said he believes the entire world hopes to see the United States and China reach an agreement. To get an agreement, Washington's hardliners need to know that Beijing will neither surrender to their pressure, nor permit Washington to deprive Chinese people of their rights to pursue a better life.
And for the agreement to be sustainable, Washington's China policy should be rational. A rising China is not seeking to grab global hegemony. It will continue to work with nations around the world, including the United States, to boost common development and build a community with a shared future for mankind.
The past 40 years of China-U.S. relationship have proved that when the two countries work together, they both win and the world gains as well. But when they fight each other, all are poised to lose.
China and the United States, as two major economies in the international community, bear special responsibility for the wider world.
Therefore, the two sides, just as what Xi said during his meeting with The Elders delegation this April in Beijing, need to manage their differences, expand cooperation and jointly promote bilateral relations based on coordination, cooperation and stability so as to provide more stable and expectable factors to the world.
Beijing, June 5 (Xinhua/UNB) -- The Group of 20 (G20) rose to prominence in 2008 when leaders of the world's 20 leading economies gathered for the first time amid fear and panic of a global financial crash arising from Wall Street.
Through multilateral cooperation, they have helped get a beleaguered world economy out of the woods and bring it onto the track for recovery.
While the global economic recovery remains fragile, it now encounters a surge of anti-free trade rhetoric and protectionist measures that threatens to upend the rules-based multilateral trading regime.
As G20 leaders are gathering in the Japanese city of Osaka this week to discuss global economic governance, they face an urgent task to prevent world economy from being derailed by protectionism and unilateralism.
To that end, the G20 Osaka summit needs to send a clear and strong message in upholding multilateralism and an open world economy in a bid to renew global confidence in trade liberalization and economic globalization.
This year marks the 20th anniversary of the establishment of the G20 mechanism as well as the 10th anniversary of its emergence as the premier platform for international economic cooperation.
Unlike the Group of Seven, an exclusive club of highly industrialized wealthy countries, the G20 brings together both major developed countries and developing ones for international coordination of economic policies.
This broader and more representative grouping, which accounts for about 85 percent of the gross world product, 80 percent of world trade and two-thirds of the world population, epitomizes the very spirit of multilateralism.
In addition, given the fact that its member states range from developed countries to emerging market countries on different continents, the G20 relies on the principle of consensus, a key manifestation of multilateralism, for its success.
China has been a firm and resolute supporter of multilateralism. As Chinese President Xi Jinping said in March at a global governance forum co-hosted by China and France in Paris, global affairs should be settled by the peoples of the world through consultation.
As the increasing trade frictions risk dragging global economy back into crisis, the G20 members need to follow its traditional principle of a consensus-based approach to properly handle differences and fully accommodate the legitimate concerns of developing countries.
Another lesson the group has drawn from coping with the 2008 global financial meltdown is that they need to jointly promote a more open world economy, which is also needed to boost growth worldwide.
Over the past 30 years, the share of free trade in the global GDP has risen from 17 percent in 1990 to 28 percent in 2016. This growth has helped support economic growth and poverty alleviation across the globe.
At present, a certain country within the G20 resorts to such tactics as raising tariffs and threatening trade wars to make its trading partners knuckle under to unreasonable demands.
Such unilateral bullying bears potentially devastating consequences for global prosperity and runs counter to the spirit of multilateral cooperation and openness historically advocated by the G20.
The global trading system with the World Trade Organization (WTO) at the core is standing at a new crossroads as it is facing assaults by unilateralism and protectionism.
China has, on many occasions, reaffirmed its support for the necessary reform to the WTO to enhance its authority and effectiveness, in stark contrast with a certain country, which has been undermining WTO's effective running.
Beijing has been a staunch defender of the rules-based global trading system, as its active embrace of global rules along with its opening-up policy over the past 40 years has helped China achieve staggering economic development.
Only by opening up further and being integrated more deeply into the world can China make even greater strides in achieving high-quality economic development.
Recently, China has unveiled and pledged its earnest endeavor to implement a slew of new opening-up measures, including significantly easing market access, creating a more attractive investment environment, strengthening protection of intellectual property rights and expanding imports.
Along with the China-proposed Belt and Road Initiative, all these measures reflect China's determination to open up wider and make greater contributions to an open world economy.
As China goes forward to fulfill its promises to the world, it stands ready to support multilateralism and uphold the multilateral trading system. For the sake of the wellbeing of all humanity, multilateralism is a must rather than an option.
Seoul, June 7 (Xinhua/UNB) -- Top Chinese leader Xi Jinping on Friday wrapped up his widely-watched state visit to the Democratic People's Republic of Korea (DPRK), the first of its kind in 14 years, bringing bilateral ties to a new height in history and reaffirming China's commitment to a political settlement of the Korean Peninsula issue.
The landmark visit has sent a clear message to the rest of the world: the China-DPRK traditional friendship has been ushered in a new era and the stronger-than-ever bilateral bonds will provide new impetus for addressing the nuclear issue on the Korean Peninsula.
During his state visit, Xi, general secretary of the Central Committee of the Communist Party of China (CPC) and Chinese president, met with Kim Jong Un, chairman of the Workers' Party of Korea and chairman of the State Affairs Commission of the DPRK, for the fifth time over the past 15 months.
The meeting is expected to open up a fresh chapter for advancing bilateral relations under new circumstances and carrying forward the unshakable friendship between the two peoples.
Xi's two-day visit to Pyongyang received hearty hospitality from the DPRK side. More than 250,000 people flocked to the streets in Pyongyang to welcome Xi.
At the square of the Kumsusan Palace of the Sun which serves as a mausoleum honoring two former DPRK leaders, Xi received a salute from the DPRK's party and government officials as well as crowds of Pyongyang residents, making him the first foreign leader to be given such an honor at the highly symbolic venue.
The extraordinarily high-level reception once again showcased the close bonds between China and the DPRK. As Xi wrote in a signed article published ahead of his trip on Rodong Sinmun, the DPRK's mainstream newspaper, the time-honored friendship between the two peoples, which is more precious than gold, grows even stronger as time goes by.
More than a chance to look back on and consolidate 70 years of China-DPRK traditional friendship, Xi's visit offers an opportunity to inject more vitality into the traditional and cooperative relations and lift bilateral ties to a higher level, as the international landscape is going through profound and complex changes.
What's more, enhancing strategic communication and building closer ties between Beijing and Pyongyang not only accord with the interests of the two countries, but will, in a larger picture, contribute to regional peace, stability and prosperity.
As Xi stressed in his talks with Kim, China is willing to strengthen coordination and cooperation with the DPRK as well as other relevant parties, and play a positive and constructive role in achieving denuclearization of the Korean Peninsula and long-term stability in the region.
The denuclearization process has seemingly faced a stalemate since the summit between Kim and U.S. President Donald Trump in Hanoi, Vietnam, ended without an agreement four months ago.
During their talks, Kim told Xi that over the past year, the DPRK has taken many active measures to avoid tensions and control the situation on the Korean Peninsula, but has not received positive responses from the party concerned, which the DPRK does not want to see.
Fortunately, resolving the highly sensitive and complex issue through negotiations has not veered off course.
China, for its part, has always been a strong supporter of a political settlement of the Korean Peninsula nuclear issue and has advocated accommodating the reasonable concerns of all relevant parties through dialogue and consultations.
Better coordination between China and the DPRK will facilitate that ongoing process and help provide more positive force, pushing forward dialogue among parties concerned.
A peaceful and nuclear-free Korean Peninsula is what the international community desires. It is expected by all that a brand new chapter in the China-DPRK relations on the occasion of Xi's historic visit can also gather more momentum for dialogue and possibly greater progress on the Korean Peninsula issue.
Beijing, June 5 (Xinhua/UNB) -- Chinese President Xi Jinping is traveling to Pyongyang on Thursday for a two-day state visit to the Democratic People's Republic of Korea (DPRK) at the invitation of DPRK top leader Kim Jong Un.
The trip, Xi's first as general secretary of the Central Committee of the Communist Party of China (CPC) and head of state, will lend fresh momentum to the bilateral relationship, and help promote lasting peace and stability on the Korean Peninsula in changing times.
The historic visit, the first of its kind in 14 years, comes at a time when the two countries are celebrating the 70th anniversary of their diplomatic ties, and the situation on the peninsula is standing at a critical juncture.
China-DPRK relations have now opened a new chapter following an unusually vigorous streak of top-level diplomacy, which saw Xi and Kim, chairman of the Workers' Party of Korea and chairman of the State Affairs Commission of the DPRK, meet four times within 10 months since March last year.
Over the past seven decades, bilateral ties have ridden out the vicissitudes of the global political landscape and evolved into a special bond of trust and friendship.
That traditional friendship now serves as the ballast of China-DPRK ties, and the two neighbors have a strong consensus that such a valuable asset should be cherished and passed down from generation to generation.
"No matter how the international situation changes, the CPC and the Chinese government have held and will always hold a firm position on consolidating and developing China-DPRK relations," Xi said in a signed article published on the DPRK's mainstream media ahead of his visit.
In the past year, the DPRK unveiled a new strategic line, and achieved notable progress on multiple fronts through economic reforms. As Pyongyang is trying to concentrate on economic development and improve its people's livelihood, Beijing, as always, will support the country in choosing a path of development that suits its national conditions.
Steady economic growth demands a peaceful environment. It is a shared responsibility for China and the DPRK, as well as other related parties, to safeguard stability and realize permanent peace in the region in a way that address their respective legitimate concerns.
Over the past few months, although the positive momentum in fixing the nuclear issue on the peninsula has lost some steam following the February summit between Kim and U.S. President Donald Trump in Hanoi, Vietnam that ended with no agreement, hope remains alive and kicking.
For decades, China has been a staunch supporter of denuclearization in the Korean Peninsula and the establishment of a peace mechanism through diplomatic means.
Its "dual-track approach" and the "suspension for suspension" proposal have already proved to be an effective way to create the basic conditions for Washington and Pyongyang as well as other parties to return to the negotiating table.
However, as the nuclear issue has dragged on for decades and complicated factors remain, the relevant parties cannot expect the issue to be solved overnight. They need to have reasonable expectations and refrain from imposing unilateral and unrealistic demands.
In order to achieve a breakthrough, they also need to break the cycle of mistrust and jointly work out a roadmap for denuclearization and the set-up of a peace regime, and roll it out step by step. In this process, China can continue to play a unique, constructive role.
As Xi is going to shake hands with Kim again, it is believed that the two leaders will jointly usher in a new era for bilateral ties, and help bring the peninsula closer to peace.
Beijing, June 5 (Xinhua/UNB) -- Situated along rivers and beside mountains, Bishkek, capital of Kyrgyzstan and host of this year's Shanghai Cooperation Organization (SCO) summit, used to be a key juncture along the ancient Silk Road.
The historical trade routes snaked through the Central Asian country for centuries, witnessing and facilitating commercial and cultural exchanges between the East and the West.
Today, the Belt and Road Initiative (BRI), proposed by China and inspired by the historical link, has offered Bishkek a new opportunity to rejuvenate its old glory in global trade. The city has now become an economic partner with China's eastern port of Qingdao, host of last year's SCO summit.
Over the years, the organization has made strides in bolstering security cooperation among its members, including combating the "three forces" of terrorism, separatism and extremism, as well as in cracking down on transnational organized crime across the region.
After 18 years of growth, the SCO has now matured under the guidance of the Shanghai Spirit, which features mutual trust, mutual benefit, equality, consultation, respect for cultural diversity and pursuit of common development.
The SCO has expanded from a six-member group when it was founded in 2001 to one of the world's most important multilateral platforms that, in addition to tackling shared security problems in the region, also seeks to promote economic development and people-to-people exchanges.
Robust and sustainable economic and social development is key to fundamentally addressing security challenges. The BRI, now in its sixth year, can bring the SCO members both the "Belt" of security and "Road" to development in the face of rising trade protectionism and economic nationalism to achieve lasting stability and common prosperity.
Spreading across the Eurasian continent, the now eight-member SCO accounts for nearly half the global population, and over 20 percent of global gross domestic product (GDP), according to official statistics. These numbers provide a glimpse of the SCO members' immense demand and potential for development cooperation.
In previous gatherings, leaders of the SCO members expressed their support for the BRI and pledged to dock their respective development strategies with it. Some SCO members like Russia and Pakistan have become key partners with China along the Belt and Road, and their BRI-related cooperation has made notable strides.
Take Russia for example. With a boost from the growing synergy between the BRI and the Eurasian Economic Union, two-way trade between China and Russia hit a record high of over 100 billion U.S. dollars last year.
The two sides have also worked closely on major inter-connectivity cooperation projects, such as the construction of gas pipelines and cross-border roads and bridges.
During Chinese President Xi Jinping's state visit to Russia last week, the two nations vowed to join hands to increase two-way trade to 200 billion dollars and promote regional integration and economic development.
At the Qingdao summit last year, all eight member states made "building a community with a shared future for humanity" a shared notion in the Qingdao Declaration for the SCO community.
The BRI, with an aim to promote common development in Asia, Europe, Africa and beyond, can offer new opportunities for SCO members and, ultimately, build that shared community.
Addressing the plenary session of the just-concluded 23rd St. Petersburg International Economic Forum last week, Xi said that as the world is standing at a crossroads of history again, pooling wisdom and efforts to expand cooperation and achieve win-win outcomes is the way forward. He called sustainable development the "golden key" to solving global problems.
All SCO members can find this "golden key" along the Belt and Road and work together to build a more peaceful and prosperous world.