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China wants no trade war with anybody: vice foreign minister

(Xinhua)

08:16, October 17, 2012

BRUSSELS, Oct. 16 (Xinhua) -- China doesn't want to have a trade war with anybody, said China's Vice Foreign Minister Cui Tiankai on Tuesday in Brussels.

"We believe that an open trading system serves the interest of everybody, especially in the difficult time of the global economy," Cui told the Brussels-based international media, "If there is any trade war between the major trading states in the world, nobody will be better off."

"At this time there is a great uncertainty in the global economy," Cui said, "It's crucial that all the members of the international community will have better coordination at their microeconomic policies and we will work together to resist temptation of the protectionism."

He said this was also applicable to the European countries. Cui described the current EU anti-dumping investigation against Chinese solar panel as a "typical case" of protectionism.

When talking about the ongoing European sovereign debt crisis, Cui said "it is affecting all of us," and China is following the case "very closely."

He said the Europeans have to save themselves in the first place to overcome the current difficulties. Cui said China is confident of the "capability of the European countries to handle this matter, to gradually overcome the difficulties."


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