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SCIO briefing on China's position on economic and trade consultations with US

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Speaker:
Wang Shouwen, vice minister of the Ministry of Commerce, deputy China international trade representative

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

Date:
June 2, 2019

Lianhe Zaobao:

Is it possible that Huawei will be included in the economic and trade consultations? Will China put some restrictions on the exports of rare earth metals to counter the U.S.? The third question is also about the list of unreliable entities. What will be the consequences for an enterprise if it is on the list? Thank you.

Wang Shouwen:

Regarding the list of unreliable entities, I've answered earlier, the specific measures will be published soon.

Regarding the rare earth metals, China, being the country with the largest reserves of rare earth metals in the world, is willing to meet justified demands of other countries. However, if some countries use China's rare earth metals to produce products to contain China's development, it is unacceptable.

Regarding the U.S.-China economic and trade consultations, as I mentioned earlier, it should be based on the principles of mutual respect, equality, mutual benefit and both sides should meet each other halfway. Consultations would be pointless if they are not based on these principles. Without this, we would not be able to reach an enforceable and sustainable agreement in consultations. Thank you.