Voices

“China and the United States have broad common interests and great potential for cooperation. Both sides should continue to carry out cooperation that results in real benefits for the two countries and the two peoples. China hopes that the new U.S. government will make joint efforts with China to enhance exchanges at all levels， safeguard the political foundation of bilateral relations， expand bilateral， regional， and global cooperation in various fields and properly manage and control disputes and sensitive issues so as to improve China-U.S. relations.”

State Councilor Yang Jiechi made the above remarks during a telephone call with the then U.S. Presidents National Security Advisor， Michael Flynn， on February 3 at the request of the U.S.

“Through its active participation in the multilateral trade system， China has made a huge contribution to world economic growth. It is now the second largest economy， largest trading nation in goods， and the biggest trading partner for more than 130 countries around the world. It is also the No. 1 destination for foreign investment and the second largest outbound investor. As an important powerhouse of the world economy， China in recent years has contributed 25 percent of global growth.

“At present， globalization is in difficulty. International trade and investment is sluggish while protectionism is on the rise. However， anti-globalization and protectionism offer no way out. The future of the world economy lies with economic globalization. As a study by the Peterson Institute for International Economics finds， if the U.S. placed 45 percent tariffs on Chinese goods and 35 percent tariffs on Mexico， and China and Mexico did the same to U.S. goods and services， U.S. exports and imports would shrink， consumption and investment would plunge， unemployment would rise， and economic growth would slow down to a recession within three years.”

On January 15， 2017， Chinese Ambassador to the U.K. Liu Xiaoming made these comments in his article “China Will Play Its Part in the New Globalization，” published in the Sunday Telegraph.