China-US trade consensus 'dispersed dark cloud': Chinese ambassador

LONDON - Chinese Ambassador to Britain Liu Xiaoming said Monday that the consensus recently reached between China and the United States "dispersed the dark cloud" of a "trade war," urging the world to stop being suspicious about China.

In his keynote speech at Asia House entitled "China: A Responsible Country and An Opportunity to All," Liu said that the outcome of bilateral trade consultations is what Chinese and American people want.

"It is what a sound China-US economic and trade relationship needs," he said.

Liu said the outcome is conducive to global economic and trade stability and prosperity and it highlights the importance of persistency and perseverance in maintaining sound economic and trade ties between the world's two largest economies.

"The latest consensus has temporarily put the trade disputes to bed," he said. "But to prevent the specter from rising again, we must identify the crux of the issue and administer the right remedy."

Liu said his first suggestion is "to stop being suspicious about China and see the big picture of China's development in an objective light."

His second suggestion is to deepen cooperation with win-win results, rather than having a win-lose mentality.

"My third suggestion is to follow international rules rather than domestic laws in handling differences between countries," the senior diplomat said, adding that the fourth is to recognize China's real progress in intellectual property protection.

"The direction that China-US trade relationship is headed will have a far-reaching impact on the development and stability of China, the US and the rest of the world," he said.

"It is therefore my sincere hope that with this latest effort of China and the US to solve trade disputes, the voice in favor of multilateralism, free trade and win-win cooperation will grow louder over the clamor for unilateralism, protectionism and 'zero-sum games,'" Liu added.