Trade protectionism hinders global progress and development, says Chinese Foreign Ministry

Wang Yi

20th February 2024 – (Beijing) In a press conference held on Tuesday, a spokesperson for the Chinese Foreign Ministry expressed concerns regarding trade protectionist measures taken by the United States and Europe, asserting that such actions would not only impede their own long-term development but also hinder global progress and prosperity.

Reports have emerged that the United States is contemplating non-tariff restrictions on the import of Chinese smart cars and related components, while the European Union has initiated an anti-subsidy investigation into imports of electric cars from China.

Addressing these developments, spokesperson Mao Ning emphasized the significance of collaboration and division of labour within the automotive industry. Mao highlighted China’s impressive advancements in the sector, which have resulted in the production of cost-effective, high-quality products that benefit the global market. Notably, one in every three automobiles exported from China is an electric car, contributing significantly to the global transition towards a greener and more sustainable future.

Mao criticized the trade protectionist measures taken by certain countries against China, echoing the sentiments expressed by Chinese Foreign Minister Wang Yi. These measures, which transform ordinary trade activities into security and ideological issues, ultimately create barriers and hinder progress. Mao likened these actions to building “small yards with high fences” in the name of risk reduction, emphasizing that they may appear to be beneficial but, in reality, impede long-term development and undermine global progress and prosperity.

China, in contrast, advocates for solidarity, cooperation, and openness instead of division, confrontation, and isolation. The spokesperson emphasized the importance of accommodating the interests of others while pursuing one’s own development and working towards common goals. China aims to foster a world-class, market-oriented, and law-based environment for global economic and trade cooperation, making economic globalisation more inclusive and mutually advantageous for all parties involved.