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SCIO briefing on facts and China's position on China-US trade friction

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Speakers:
Fu Ziying, China International Trade Representative, vice minister of the Ministry of Commerce

Wang Shouwen, vice minister of the Ministry of Commerce, Deputy China International Trade Representative

Lian Weiliang, deputy head of the National Development and Reform Commission

Luo Wen, vice minister of the Ministry of Industry and Information Technology

Zou Jiayi, vice minister of the Ministry of Finance

He Hua, deputy head of the National Intellectual Property Administration

Chairperson:
Guo Weimin, vice minister and spokesperson of the State Council Information Office

Date:
September 25, 2018

Shenzhen TV:

We note that some enterprises committed to bilateral trade between China and the United States have been affected by the Sino-U.S. economic and trade frictions. For example, ZTE in Shenzhen. In view of the impact of the frictions on enterprises, I would like to ask the heads of relevant departments for some specific tips to these enterprises to help them weather the storm better? Thank you.

Wang Shouwen:

Not only Chinese enterprises don't like trade conflict, enterprises, workers, farmers and consumers in the United States do not welcome a trade friction either. Mr. Luo said that the trade friction refers to the whole industry chain. It damages enterprises both in China and in the United States, and even in other countries. Mr. Lian mentioned that the Chinese central government has already taken measures in six areas to offer a better business environment for enterprises.

Meanwhile, enterprises have to be fully prepared to respond to unavoidable risks in terms of exporting and developing international markets. Therefore, we must do the following to tide over the crisis. Firstly, the government should create a better external and internal business environment for enterprises. Secondly, the enterprises should constantly enhance their competitiveness and try hard to develop diversified markets.