Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious Outperformance
Find Stocks Now

China attacks U.S. at G20 as the world's biggest source of instability

Published 11/23/2019, 07:28 AM
China attacks U.S. at G20 as the world's biggest source of instability

BEIJING (Reuters) - The United States is the world's biggest source of instability and its politicians are going around the world baselessly smearing China, the Chinese government's top diplomat said on Saturday in a stinging attack at a G20 meeting in Japan.

Relations between the world's two largest economies have nose-dived amid a bitter trade war - which they are trying to resolve - and arguments over human rights, Hong Kong and U.S. support for Chinese-claimed Taiwan.

Meeting Dutch Foreign Minister Stef Blok on the sidelines of a G20 foreign ministers meeting in the Japanese city of Nagoya, Chinese State Councillor Wang Yi did not hold back in his criticism of the United States.

"The United States is broadly engaged in unilateralism and protectionism, and is damaging multilateralism and the multilateral trading system. It has already become the world's biggest destabilizing factor," China's Foreign Ministry cited Wang as saying.

The United States has, for political purposes, used the machine of state to suppress legitimate Chinese businesses and has groundlessly laid charges against them, which is an act of bullying, he added.

"Certain U.S. politicians have smeared China everywhere in the world, but have not produced any evidence."

The United States has also used its domestic law to "crudely interfere" in China's internal affairs, trying to damage "one country, two systems" and Hong Kong's stability and prosperity, he added.

China was incensed this week after the U.S. House of Representatives passed two bills to back protesters in Hong Kong and send a warning to China about human rights, with President Donald Trump expected to sign them into law, despite delicate trade talks with Beijing.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

China runs Hong Kong under a "one country, two systems" model whereby the territory enjoys freedoms not enjoyed in mainland China like a free press, though many people in Hong Kong fear Beijing is eroding this. The government denies that.

Wang said that China's development and growth was an inevitable trend of history that no force could stop.

"There is no way out for the zero-sum games of the United States. Only win-win cooperation between China and the United States is the right path."

Latest comments

Very cogent.
co·gent. /ˈkōjənt/. . adjective. . 1.. (of an argument or case) clear, logical, and convincing
China should not have been allowed in WTO before it proved itself. The free world made a mistake and they are paying for it. It will hard to put the genie in the bottle but now put the bottle in the drum and lock it in a vault. The hardliners control china and they have no intention to play fair in any way!
Fully agreed! The West made a big mistake allowing China into the WTO without years of China proving itself and straightening out its very twisted economic management. --- Not only THAT. It's also the twisted view that China has of itself. China uses covert, subversive methods of meddling in other countries, even threatening other countries overtly, yet walking around like a peacock on the world stage and acting ridiculously vain. == What's wrong with CCP's vanity? == Every child can see through China's false vanity and yet China tries to pull the wool over people's eyes with denials and delusions. -- It's as if China thinks that its methods of propaganda and attempts to brainwash the free world would have any chance of success. -- Keep dreaming China! Only you, China, ONLY you believe in your words. Nobody else does, NOBODY who is unbrainwashed, believes what China is saying. It's really easy: We see what China says, and we compare that with what China does: Organ harvesting.
China is the biggest source of instability in the region if not the world.
Totally agreed --- Make that COMMUNISM in addition to China. All communist countries and we can count them easily, and their malicious friends that those commies support, like Maduro, MBS, Syria, Turkey and you keep naming those strong men who ruthlessly steal from their own citizens and suppress their freedoms, and who intimidate their neighbors: All those, are the biggest source of instability in the world. == Trump, unfortunately, is one of them. But before Trump, the world was still more whole than it is now. Trump's mental instability has brought out the worst in the other men of mass destruction.
China took southeast sea. Lost in UN court but ignore it. Put millions people in reeducation camp.
it's not a UN court. it's just a paid business
US under Trump will become isolate and the laughing stock of the world. Really making America great, NOT.
nice
US is losing alliance while China is gaining alliance. US is starting to be scared China will surpass it. China = New world power
Time to disengage with China.
Market will go down from here there is lot of tension going on between china and usa may be christmas will raise profitability for the earnings and boost stock but at the end of day nasdaq and dow are all time high and we will have a correction at 8350 (Nasdaq) and dow (27950) so its better to sell at thesd point, but dont invest all money only use 25 percent of yoir investment to average out
Not sure where you got that conclusion from after reading this.
We moght have a deal, then in which case China will deliver a Christmas gift to all at the end of the year rally.
Market will go up but not crazily.
If you listened to what he says, it is actually what we are seeing happening. He does have a valid point.
is there any impact in stock market on monday
The US is gradually moving all it's manufacturing targeted to US consumers outside of China. The US wants to sell in China but not give China any presence in US or other allied markets. China knows that. It's a cold war starting as a trade war. Both sides know it and just playing along till each side organizes their internal manufacturing and trade channels to live without depending on one another. They'll trade only on what's necessary but that's all.
stock market going down Monday ?
6% probably.
About time to China to step up and be proud of them selfs. No one else manufactures anything.
"No one else manufactures anything" I don't understand what that mean, l am a chinese. Maybe you can explain it to me
us politicians are crooks? it can't be
It's working.
I fear China is a menace, they believe too much in a providential mission in the world. Almost as if they were the Messiah of the develop world. You can't play soccer with basketball rules, that's a fact. If you want things to be clear and okay play by universal rules. China wants all of the West advantages while maintaining a bigoted system.
VERY WELL SAID, my man!!
China needs to stop stealing intellectual property and the tarriffs will end. America is crippling China and the tariffs are working.
So true but it is very difficulty for them to stop because their educational systems do not encourage any creativity.
 -- Sure wish you would explain what you said "...educational ... creativity."
Nice
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.