World

China Seeks India's Cooperation Amidst Trade Wars With US

ANANYA BHATNAGAR | 0
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| October 10 , 2018 , 18:58 IST

The Chinese Embassy on Wednesday said that China and India need to deepen their cooperation to fight trade protectionism after it accused the United States of provoking trade disputes.

Spokesperson of the Chinese Embassy in India, Counsellor

 

hile speaking to a group of reporters said, "As the two largest developing countries and major emerging markets, China and India are both in the vital stage of deepening reform and developing economy and both need stable external environment,"

The Chinese Embassy spokesperson was replying to queries of the journalists relating to the trade war between the United States and China.

While addressing the media on the issue, he said, "Practicing unilateral trade protectionism in the name of 'national security' and 'fair trade' will not only affect China's economic development but also undermine the external environment of India and hinder India's booming economy,"

Spokesperson Rong further added, "China and India share common interests in defending the multilateral trading system and free trade. Facing unilateralism and bullying activities, China and India have more reasons to join efforts to build a more just and reasonable international order."

"Under the current circumstances, China and India need to deepen their cooperation to fight trade protectionism," Ji said, adding that Chinese President Xi Jinping and Prime Minister Narendra Modi "spoke with one voice" to safeguard the multilateral trading system and free trade at the World Economic Forum in Davos.

The trade war between Washington and Beijing escalated in September, when US President Donald Trump imposed $200 billion tariff on Chinese imports. Beijing responded with tariffs on $60 billion of American imports.  The White House had threatened to impose additional tariffs of $260 billion on Chinese imports in case of Beijing's retaliation.