China Cites America’s ‘Great Anger’ in APEC Summit Failure
China blasted the United States for bringing “great anger” to the weekend summit of Asia-Pacific leaders and undermining efforts to reach consensus as the event in Papua New Guinea ended with heightened frictions and no agreement.
China and U.S. leaders had an unusually sharp exchange of words during the annual two-day gathering of the 21 countries that form the Asia-Pacific Economic Cooperation (APEC) group. The opposing views of the two biggest members led to the collapse of talks on a routine joint statement for the first time in APEC’s history.
In speeches at the summit, Chinese President Xi Jinping accused the U.S. of “going against history” by imposing trade barriers, and U.S. Vice President Mike Pence charged that China saddles developing countries with debt-ridden infrastructure projects they cannot afford.
The crossfire renewed concerns over the trade war between the world’s two biggest economies and lowered expectations for a possible breakthrough later this month when Xi and President Donald Trump meet at a Group of 20 summit in Argentina. Both countries recently confirmed that bilateral talks resumed after months of stalemate.
U.S. stocks dropped sharply Monday with the Dow Jones Industrial Average tumbling nearly 400 points. While tech stocks led the drop, the trade tensions contributed to negative sentiment, market analysts said. China’s Shanghai and Shenzhen indexes finished the day slightly higher.
At a regular news briefing (link in Chinese), China Ministry of Foreign Affairs spokesman Geng Shuang reaffirmed the resumption of U.S.-China trade talks and addressed the APEC summit’s failure to agree on a communique.
“It seemed like the U.S. attended this APEC meeting with great anger,” Geng said. That posture caused disputes and disagreements and damaged the "harmonious atmosphere" of the meeting, he said.
For their part, American officials blamed China for rejecting language acceptable to other participants, according to news reports. But Geng said a majority of APEC members voiced support for multilateralism, a multilateral trading system, and an appropriate role for the World Trade Organization.
“The APEC meeting indeed failed to adopt the final communiqué,” Geng said. “But the reason for that is not the one given by the US side.”
Geng said China believes the WTO needs to keep abreast of the times and supports necessary reforms for the organization. But it should be prohibited from pursuing protectionism in the name of reform, he said.
A number of APEC members, particularly those from the developing world, clearly voiced opposition to protectionism and urged safeguarding the rights of development, Geng said.
When asked about the lack of a communiqué at a closing news conference Sunday, Papua New Guinea Prime Minister Peter O'Neill said the main sticking point was the future of the WTO.
"You know the two big giants in the room," O’Neill was quoted as saying.
In a speech to business leaders at the summit, Pence took a direct swipe at China, telling attendees they should “not accept foreign debt that could compromise your independence.” It was a reference to China’s Belt and Road Initiative, which aims to help develop infrastructure abroad with the support of Chinese companies and financing.
Pence said U.S. support “is a better option.” “We don’t offer a constricting belt or a one-way road,” he said.
Contact reporter Han Wei (firstname.lastname@example.org)
Feb 15 11:02
Feb 14 18:07
Feb 14 13:36
Feb 14 10:42
Feb 13 13:34
Feb 13 09:49
Feb 12 17:51
Feb 12 14:07
Feb 12 13:11
Feb 11 17:52
Feb 11 16:08
Feb 11 14:01
Feb 11 13:13
Feb 10 17:35
Feb 10 16:30
- 1Coronavirus Latest (Feb. 1 - 15): Cases Surge Past 66,500 as France Reports First Death
- 2Coronavirus Study Finds Incubation Period of Up to 24 Days
- 3In Depth: ICU Doctors Bear the Brunt as Coronavirus Causes Rapid Deterioration
- 4Intensive Care Doctor Tells of a Hospital Teetering on Collapse in Wuhan
- 5Even With Massive Funding, Coronavirus Vaccine Isn’t Coming Soon
- 1Power To The People: Pintec Serves A Booming Consumer Class
- 2Largest hotel group in Europe accepts UnionPay
- 3UnionPay mobile QuickPass debuts in Hong Kong
- 4UnionPay International launches premium catering privilege U Dining Collection
- 5UnionPay International’s U Plan has covered over 1600 stores overseas