Xie Feng: China’s economic resilience and call for US collaboration

Chinese Ambassador to the United States, Xie Feng, recently stressed that underestimating China is unwise, dismissing pessimistic views about the nation’s future as baseless. At the U.S.-China Business Council’s 2024 Gala Dinner in Washington, D.C., Xie highlighted China’s economic resilience and its commitment to deepening reforms and expanding high-standard opening-up.

Xie noted that China’s economy is on a “generally steady, sound and upward trajectory,” expressing confidence in achieving this year’s growth targets. He mentioned plans for proactive and impactful macroeconomic policies to maintain stability and address potential risks in the coming year.

Addressing trade relations, Xie criticized protectionist measures, stating that attempts to weaponize tariffs or erect barriers would only isolate those who implement them. He warned that such actions could disrupt global industrial and supply chains, advocating instead for collaboration to ensure mutual security and prosperity.

The ambassador’s remarks come amid ongoing discussions about the future of China-U.S. economic and trade relations. Xie reiterated China’s openness to international businesses, including American firms, inviting them to participate in China’s development opportunities.

Xie emphasized that cooperation between China and the United States is essential for global safety and prosperity, suggesting that working together would benefit both nations and the world.