China urges U.S. to uphold authority of multilateral trading regimes

来源:Xinhua发布时间:2023-01-20 查看数:0

BEIJING, Jan. 19 (Xinhua) -- China urges the United States to earnestly observe the rules and obligations of the World Trade Organization, and uphold the authority and effectiveness of multilateral trading regimes, Foreign Ministry spokesperson Wang Wenbin said on Thursday.

This followed a recent statement from Executive Vice President of the European Commission Valdis Dombrovskis, who said that against the backdrop of enormous global challenges, it is problematic for the U.S. to go down the route of discriminatory subsidies or tax credits, amid negotiations between the U.S. and Europe on the U.S. Inflation Reduction Act.

Wang said by "building walls and barriers" and pushing for a "decoupling and the severing of supply chains," the U.S. has in recent years severely disrupted global industrial and supply chains and aggravated the fragmentation risk of the global economy. The U.S. has become an increasingly major factor threatening the development and stability of the world economy.

Citing a recent report from the International Monetary Fund, Wang said that even limited fragmentation of the world economy could shave 0.2 percent off of global GDP while a severe fragmentation of the global economy could reduce global economic output by up to 7 percent.

Competition should be fair and rational, Wang said. The U.S. practices of seeking unilateralism and protectionism are not justified, nor are its attempts to suppress and deprive the development rights of other countries, he added, noting that such practices violate market rules and economic laws and will reach a dead end.  ■

责任编辑:单丹

分享到:

版权和免责声明:

凡注明“来源:“盐城广电全媒体新闻中心”的所有作品,版权均属于智慧盐城客户端,未经授权不得转载、摘编或利用其它方式使用上述作品。已经授权使用作品的,应该在授权范围内使用,并注明“来源:盐城广电全媒体新闻中心”。违反上述声明者,将追究其相关法律责任。如因作品内容、版权和其它问题需要同本网联系的,请在30日内进行。除原创作品外,本平台所使用的文章、图片、视频及音乐属于原权利人所有。因客观原因,或会存在不当使用的情况,如部分文章或文章部分引用内容未能及时与原作者取得联系,或作者名称及原始出处标注错误等情况,非恶意侵犯原权利人相关权益,敬请相关权利人谅解并与我们联系及时处理,共同维护良好的网络创作环境。联系方式:0515-88436022