SCIO briefing on facts and China's position on China-US trade friction

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Speakers:
Fu Ziying, China International Trade Representative, vice minister of the Ministry of Commerce


Wang Shouwen, vice minister of the Ministry of Commerce, Deputy China International Trade Representative


Lian Weiliang, deputy head of the National Development and Reform Commission


Luo Wen, vice minister of the Ministry of Industry and Information Technology


Zou Jiayi, vice minister of the Ministry of Finance


He Hua, deputy head of the National Intellectual Property Administration

Chairperson:
Guo Weimin, vice minister and spokesperson of the State Council Information Office

Date:
September 25, 2018

The Australian:

China is Australia's largest trading partner. We sell LNG and other major products [to China]. Do you say that other third countries can perhaps benefit or perhaps have opportunities to sell more to China as a result of the trade war between the U.S. and China?

Wang Shouwen:

Thank you for the question. The trade war has caused great damage to the global value chain and imposed a negative influence on normal trade activities. The United States could have been a major LNG supplier of China; however, because of its restrictive measures, we were forced to take countermeasures, and this will affect U.S. LNG producers' exports, as China is one of their important export markets. To be frank, the measures have already created some effects.

Australia is an important LNG supplier of China. The trade volume is enormous, and there is even greater potential. As Mr. Fu Ziying just said, China has a big market, and is willing to open wider. Opportunities are available to all LNG producers and supplying countries if there is no trade war.

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