Published: Пн, Июля 09, 2018
Business | By Kate Woods

China blames United States for 'largest-scale trade war'

China blames United States for 'largest-scale trade war'

The Sofia summit comes the day after a tariff spat between China and the U.S. escalated into a full-blown trade war as 25-per cent United States duties came into force Friday on $34 billion of Chinese goods.

"Trade war is never a solution", Chinese Premier Li Keqiang said at a news briefing with Bulgarian Prime Minister Boyko Borissov in Sofia before a summit with 16 central and eastern European countries.

The summit is part of China's "New Silk Road" bid to boost its influence in Europe through investments and closer economic links.

China is inviting global banks to finance a project for the construction of a high-speed railway linking Bulgaria's Black Sea coast to Greece's Aegean ports, Chinese prime minister Li Keqiang said on Friday.

Li also called for joint efforts to deepen exchanges in culture and education and among young people, and expressed China's readiness to encourage competitive Chinese businesses to invest in Albania for win-win results.

The escalating fight between the USA and China meant that it could "take economic and political pain to get these two parties to the (negotiating) table", said Professor Scott Kennedy at the Centre for Strategic and International Studies in Washington.

Li hurried to downplay Brussels' concerns on Friday.

Читайте также: 'Ant-Man and the Wasp' buzzes to $76 million debut

Premier Li Keqiang embarked on official visits to Bulgaria and Germany to discuss with leaders of European countries the way forward for deepening cooperation between China and Europe on July 5.

"With the contacts that China has with European Union member states, we could accomplish a good project for Belene and [Keqiang] has pledged to get involved personally to help us reach a successful conclusion", Borissov said.

Mindful of the need to keep relations with the EU on an even keel as his trade battles with U.S. President Donald Trump intensify, Li has been careful to stress China's support for European integration and rules in trade and procurement.

Beijing earlier accused Washington of triggering the "largest-scale trade war". "Unity between China and Europe and cooperation between us can ensure peace and stability in the whole world".

Stronger pragmatic and mutual trust and cooperation between China and Germany and between China and Europe could provide stability to the world, Shi said.

Bulgaria hopes the summit will help secure much-needed funds to build new roads, highways and other infrastructure in eastern Europe, a region that still lags richer states in the western wing of the European Union in terms of development and income.

In September 2017, Bulgaria signed a memorandum of understanding with Greece on the development of a high-speed railway corridor linking major Greek Aegean ports with Bulgarian ports on the Danube river and the Black Sea coast.

При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
«» 2007 - 2018 Copyright.
Автоматизированное извлечение информации сайта запрещено.

Код для вставки в блог

Like this: