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BEIJING (Reuters) – A "summit" of "protectionism" has prevented a major Asia-Pacific summit from agreeing on a statement, a top Chinese diplomat said, veiling Washington and reinforcing the tone of China and China. United States. links to a G20 meeting.
Leaders attend the APEC Summit Retreat in Port Moresby, Papua New Guinea, November 18, 2018. REUTERS / David Gray
After months of bickering over a damaging trade war, the disputed support of China from South China and US aid to Taiwan's Chinese claim, the presidents of both nations took a step back by a phone call early in the morning. month.
While US President Donald Trump and Chinese President Xi Jinping have expressed optimism about resolving their trade war ahead of the planned G20 meeting in Argentina late next week, relations have weakened again. The Asia-Pacific economic cooperation of the weekend (The APEC summit in Port Moresby was marked by an open disagreement, dominated by disputes between the United States and China on trade, security and would be the best investment partner in the region.
For the first time, the assembled leaders failed to agree on a joint communiqué in the context of the fierce war war.
The failure to reach a statement is "by no means accidental," state councilor Wang Yi, top diplomat of the Chinese government, said Monday in comments on the Foreign Ministry's website.
"It is mainly that individual economies have insisted on imposing their own texts on other parties, excusing protectionism and unilateralism, and not accepting reasonable revisions from the parties. Chinese and other parties, "said Wang, without citing any country, obliquely. reference to the United States.
"This practice has caused discontent in many economies, including China, and is clearly not consistent with the consensus principle to which APEC adheres."
The consensus is where the value lies in APEC, Wang added.
"It's in the common interest of all parties and can not be ignored and abandoned."
On Monday, the Chinese Foreign Ministry said that the United States, whose summit delegation was headed by Vice President Mike Pence, had attended APEC "under fire of anger" and that the China had not gone "in a boxing ring".
Pence said the US would not retreat from the trade dispute and could even double its tariffs unless Beijing complies with US demands.
"PAY LIP SERVICE"
China on Monday pledged $ 60 billion worth of development funding for what the Trump administration calls the Indo-Pacific region, a promise widely seen by Washington as a response to the broad-based road infrastructure plan. and Road "of Xi.
"We take note that some voices worry about whether the United States can keep its promises and if they only give their word," the spokesman for the Ministry of Foreign Affairs told reporters. Foreign Geng Shuang, in response to a question.
"We hope these concerns will not materialize."
Trade between China and the United States, the world's two largest economies, has dragged financial markets down, as global stocks fell on Monday, in part because of continued tension.
Walt Disney Co (DIS.N) received Monday unconditional approval of China for its agreement to purchase Twenty-First Century Fox (FOXA.O) of entertainment, eliminating one of the last major obstacles she faced.
Trump has imposed tariffs on Chinese imports worth $ 250 billion to impose concessions on a list of applications that would alter the terms of trade of both countries. China reacted by applying import duties on US products.
Washington wants Beijing to improve market access and intellectual property protection for US companies, eliminate subsidies to industry and reduce the trade deficit by $ 375 billion.
Last week, Reuters announced that China had sent a written response to US demands for large-scale trade reforms, although a senior Trump administration official said it was unlikely that the negotiations between the two leaders lead to a decisive step forward.
It turned out that Trump and Xi had told senior advisers that they wanted to make a deal happen, Craig Allen, chairman of China's US and Chinese Affairs Council, told Reuters.
"This could be the basis for a ceasefire, a stop for new tariffs and an opportunity for further negotiations," Allen said of the planned G20 meeting . "But I do not think it's a slam dunk guaranteed."
Report of Ben Blanchard; Additional report by Michael Martina; Edited by Michael Perry and Clarence Fernandez
