Translation. Region: Russian Federal
Source: People’s Republic of China in Russian –
Source: People’s Republic of China – State Council News
Vladivostok, May 15 (Xinhua) — Tariff baiting will not be able to stop China’s intensive development, and the US attempts to change fundamental trends in the Chinese economy and undermine China’s development through extreme pressure and tariff blackmail are doomed to failure, said Jiang Xiaoyang, China’s Consul General in Khabarovsk.
“Recently, the US government, ignoring widespread opposition both at home and abroad, has been increasingly wielding the tariff baton on the world stage, primarily targeting China. China has clearly demonstrated its determination to resist and its willingness to stand firm. As the world’s second-largest economy and second-largest consumer market, China has a solid economic foundation, obvious advantages, and huge development potential,” Jiang Xiaoyang wrote in an article published in the Pacific Star on May 13.
The Chinese diplomat is convinced that the stability of the political course serves as a reliable support for China in countering the trade war imposed by the United States. By adhering to the principles of “protecting international norms and steadily promoting openness,” China demonstrates the strategic determination and responsibility of a great power. “We have long predicted a new round of pressure from the United States. A series of emergency measures have already demonstrated their effectiveness, and we still have enough room to adjust political instruments,” Jiang Xiaoyang points out.
China’s robust foreign trade has a strong ability to withstand risks, he continued. In 2024, China’s total import and export volume reached 43.85 trillion yuan (about 6.16 trillion US dollars), setting another historical record. In terms of trade turnover, China has ranked first in the world for the seventh consecutive year. China has more than 230 countries and regions as trading partners, with China becoming the main trading partner for more than 150 of them. Having signed 23 free trade agreements with 30 countries and regions, China is actively building a global network of high-standard free trade zones. In addition, in recent years, China has consistently implemented the strategy of diversifying import and export markets. Last year, the share of trade with countries that joined the Belt and Road Initiative in China’s total foreign trade exceeded 50 percent.
A large domestic market provides a reliable backbone for the Chinese economy in withstanding external shocks. Chinese President Xi Jinping noted: “The Chinese economy is an ocean, not a small pond.” The super-large market with a population of over 1.4 billion people has tremendous development stability, powerful potential, and ample room for strategic maneuver. In recent years, China has accelerated the formation of a new “dual circulation” model, which has contributed to the steady strengthening of the domestic demand base. In 2024, the total retail sales of consumer goods in the country reached 48.8 trillion yuan (about 6.85 trillion US dollars), an increase of 3.5 percent year on year. The consumer market shows a tendency to expand in scale, optimize the structure, and actively develop new forms of consumption.
Jiang Xiaoyang emphasizes that the complete industrial system is a powerful pillar of China’s economic development. China has the most comprehensive and large-scale industrial system in the world, covering all UN industrial categories and almost all major industrial products. The country is able to ensure a stable supply of various types of industrial products with high efficiency and low cost. China ranks first in the world in terms of production volumes of more than 40 percent of the 500 major industrial products of global significance. China has already formed complete production and supply chains in sectors such as new energy vehicles and electronic information.
The diplomat points out that scientific and technological innovation is a key driving force behind the high-quality development of the Chinese economy. In recent years, China has been consistently building industrial industries of the future and making breakthroughs in key technologies. New achievements are constantly being reported in the field of scientific and technological innovation, and new industries of strategic importance are rapidly developing. Last year, Chinese enterprises made new breakthroughs in many fields, including artificial intelligence, aerospace, integrated circuits, big data, and 5G. The added value of large and medium-sized high-tech manufacturing increased by 8.9 percent, and the added value share of key industries of the digital economy in GDP reached 10 percent.
China has consistently followed the path of peaceful development and adhered to the strategy of opening up based on mutual benefit and win-win. Today’s China has both a strong will to safeguard its core interests and a broad outlook on deepening reform and opening up.
According to Jiang Xiaoyang, China and Russia are good neighbors, sincere friends and reliable partners. Mature, solid and stable Sino-Russian relations are not affected by temporary factors, and remain an unchangeable element in a changing and turbulent world. The development of cooperation between China and Russia relies on such advantages as strong political trust, perfect interaction mechanisms, deep popular support and broad development prospects.
“We are willing to further deepen all-round cooperation with the Russian side, expand mutual openness, share innovative achievements, and promote the security, stability, and smoothness of global industrial and supply chains through high-level Chinese-Russian cooperation, so as to jointly advance the building of a more beautiful world,” Jiang Xiaoyang concludes the article. –0–