Time for "China threat theory" laid to rest: FM Wang Yi

09:34 PM | 8 Mar, 2018
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BEIJING - Chinese Foreign Minister Wang Yi on Thursday said it is time the "China threat theory" was laid to rest.

Those who do not have bias or practice double standards will see China's development as an opportunity instead of a threat, Wang told a press conference on the sidelines of the national legislature's annual session, Xinhua reported.

For decades, the West has made all kinds of assessment and predictions about China. To some Westerners, China is either collapsing or threatening, according to Wang.

"As China grows, the 'China collapse theory' has collapsed and become an international laughing stock. Meanwhile, the 'China threat theory' with its various sensational versions is losing the market," he said.

Citing facts in the past years, Wang said for years China has been the leading contributor to global economic growth at more than 30 percent. "China's contribution is bigger than that of the United States, Japan and eurozone combined."

China is on a long march to modernization and it has no need or intention to replace the United States' international role, Yi said. "Some Americans allege that China will replace America's role in the world. This conclusion is fundamentally wrong," he added.

On trade frictions between the two countries, Wang said that trade war is never the right solution, as it will harm both the initiator as well as the target country in a globalized world.

"In the event of a trade war, China will make a justified and necessary response," Wang said. "We hope China and the US will have a calm and constructive dialogue as equals and find a win-win solution."

Despite elements of competition, China-US ties are defined more by partnership, not rivalry, he added.

Citing the latest poll, Wang said over 50 percent of the American people have a favorable view of China and the figure has been rising steadily in recent years.

"I hope people will not focus just on the problems of US-China relations, but also pay attention to the positive aspects," he said.

"The more China develops, the more it can contribute to the world," the foreign minister said, stressing China's commitment to peaceful development and win-win cooperation.

China accounts for more than 70 percent of poverty reduction worldwide, a miracle in human history.

"As the largest contributor of peace-keeping personnel among the permanent members of the UN Security Council and the second largest contributor to the UN peacekeeping budget, China is bearing a weighty responsibility for maintaining world peace," he continued.

In the past five years, with its Belt and Road Initiative and other major proposals, China has come to the fore in championing global governance, free trade, and an open global economy, Wang said.

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