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May 5, 2016

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US should be ‘objective’ on China trade

CHINA yesterday urged people in the United States to take a rational and objective view of the relationship between the two countries, after Republican frontrunner Donald Trump became the party’s presumptive presidential nominee.

Trump has proposed that tariffs on imported Chinese goods be increased to up to 45 percent and asserted that China had waged “economic war” against the US and taken local jobs.

China is the United States’ largest trading partner.

Asked whether China was worried at the prospect of a Trump presidency, after his commanding win in Indiana and as rival Ted Cruz bowed out of the race, Foreign Ministry spokesman Hong Lei said the election was an internal affair on which he could not comment.

“What needs to be pointed out is that the essence of Sino-US trade and business cooperation is mutually beneficial and win-win, and accords with the interests of both sides,” he told a daily news briefing.

“We hope people ... can rationally and objectively view this relationship,” he added.

Chinese officials have generally avoided criticizing Trump directly, although they have made indirect criticism of his proposal to prohibit Muslims from entering the United States and indirectly rebuffed his assertion that China is stealing American jobs

Last month, however, Finance Minister Lou Jiwei criticized the candidate, calling him “an irrational type” due to his tariffs proposal on imported Chinese goods.

The United States reported a US$366 billion trade deficit with China in 2015, up from US$343 billion in 2014 — the largest it has with any nation.




 

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