China Not Afraid Of US, Our Economy, Ocean, Not Pond - Jinping Tells Trump
https://osazuwaakonedo.news/china-not-afraid-of-us-our-economy-ocean-not-pond-jinping-tells-trump/11/04/2025/
#Issues #China #Gordon #Jinping #Spain #Trump #UK #US ©April 11th, 2025 ®April 11, 2025 10:22 am Escalating trade war between the two biggest economies in the world, China and the United States, US may take a new twist as the China Leader, Xi Jinping on Friday for the first time issued a public statement in reaction to President Donald Trump continuous issuance of apparently outrageous self imposed tariffs on goods exported by other countries to the US, with the President stating clearly to Trump that China is not afraid of US, this is in addition to Jinping earlier statement he issued on November 5, 2018 during the first tenure of President Donald Trump that the Chinese economy is an ocean and not a pond, that China economy can withstand strong winds and storms. #OsazuwaAkonedo
https://osazuwaakonedo.news/china-not-afraid-of-us-our-economy-ocean-not-pond-jinping-tells-trump/11/04/2025/
#Issues #China #Gordon #Jinping #Spain #Trump #UK #US ©April 11th, 2025 ®April 11, 2025 10:22 am Escalating trade war between the two biggest economies in the world, China and the United States, US may take a new twist as the China Leader, Xi Jinping on Friday for the first time issued a public statement in reaction to President Donald Trump continuous issuance of apparently outrageous self imposed tariffs on goods exported by other countries to the US, with the President stating clearly to Trump that China is not afraid of US, this is in addition to Jinping earlier statement he issued on November 5, 2018 during the first tenure of President Donald Trump that the Chinese economy is an ocean and not a pond, that China economy can withstand strong winds and storms. #OsazuwaAkonedo
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00:00Escalating trade war between the two biggest economies in the world, China and the United States,
00:06U.S. may take a new twist as the China leader.
00:09Xi Jinping on Friday for the first time issued a public statement in reaction to President Donald Trump
00:15continuous issuance of apparently outrageous self-imposed tariffs on goods exported by other countries to the U.S.,
00:23with the President stating clearly to Trump that China is not afraid of U.S.
00:27This is in addition to Jinping's earlier statement he issued on November 5, 2018
00:32during the first tenure of President Donald Trump that the Chinese economy is an ocean and not a pond,
00:38that China economy can withstand strong winds and storms.
00:42The Chinese leader, Xi Jinping stated this on Friday when he attended a bilateral meeting
00:48with Spanish Prime Minister Pedro Sanchez at Dao Yutai Guest House in Beijing.
00:52The Chinese President Xi Jinping also urged the European Union on Friday to join hands with Beijing
00:59in resisting what he described as unilateral bullying, as reported by the Chinese state media.
01:06Jinping said his nation is not afraid in his first public comment on the escalating trade war
01:12with the United States that has tanked international markets and fueled fears of a global recession,
01:17according to CNN.
01:18There are no winners in a trade war, and going against the world will only lead to self-isolation,
01:25Xi stated this before the Spanish Prime Minister, Pedro Sanchez in Beijing on Friday,
01:31according to state broadcaster CCTV.
01:34For over 70 years, China's development has relied on self-reliance and hard work,
01:41never on handouts from others, and it is not afraid of any unjust suppression, Xi added.
01:46Regardless of how the external environment changes, China will remain confident, stay focused,
01:53and concentrate on managing its own affairs well.
01:56On November 5, 2018 at the first China international trade import and export meeting in Shanghai,
02:03Jinping while employing some sense of metaphor had said that,
02:06the Chinese economy is not a pond, but an ocean.
02:09Adding that with unwavering confidence and resilience, China with its vast ocean,
02:15can withstand strong winds and storms while navigating the chill of trade headwinds.
02:21According to Jinping, strong winds and storms can upset a pond and not an ocean.
02:26Stressing that, an ocean may have its calm days, with expectations of strong winds and storms to remain what it is.
02:33Explaining further that an ocean has experienced several strong winds and storms and yet still remains where it is,
02:40saying, China has encountered numerous trials and tribulations,
02:44and the country still remains intact and making more progress economically.
02:49It would be recalled that the economic conflict between China and the United States has been ongoing since January 2018,
02:56when the U.S. President, Donald Trump began setting tariffs and other trade barriers on China
03:02with the goal of forcing it to make changes to what the U.S. under Trump leadership said to be
03:07long-standing unfair trade practices and intellectual property theft during his first tenure in office as the U.S. President.
03:15Shortly after taking over office for the second time as the U.S. President in January 2025,
03:21Donald Trump imposed 25% tariff on China goods, with China retaliating with the same measure,
03:29forcing the two countries to escalate the hike in tariffs to a higher outrageous amounts above 100%.
03:35Former United Kingdom, U.K. Prime Minister, Gordon Brown in an article published in the The Guardian newspaper,
03:43said that,
03:43It seems barely credible that the world is being brought to its knees by one economy,
03:48outside of which live 96% of the population, who produce 84% of the world's manufactured goods.
03:57But even though U.S. officials have previously talked of a tariff policy of
04:01escalate to de-escalate, Donald Trump's aim is
04:04to force manufacturing back to the U.S.,
04:08and his 90-day relaxation of some tariffs does not mean he intends to defuse the crisis.
04:13Coordinated multilateral action is essential if Britain is to secure the export-led growth we need.
04:21That growth will be turbocharged by refocusing industrial policy on boosting internationally
04:26competitive sectors, from life sciences and AI, to the energy transition and the creative industries.
04:33Promoting such world-beating clusters requires us, as the Chancellor has said,
04:38to invest more heavily in research and development and high-level skills.
04:43But it also demands that we champion a pro-competition regime
04:46that does not favor the tech giants at the expense of their smaller U.K. competitors,
04:51or dilute copyright and intellectual property laws so vital to creative talent.
04:57It is not only the multilateral economic system that is under assault,
05:01but every single pillar of the rules-based order,
05:03from respect for the law to the self-determination of nations and historic commitments to humanitarian aid.
05:10Indeed, we are seeing a simultaneous breakdown in economic and geopolitical orders.
05:16In a follow-up article, I will suggest how we might build a new order out of what are fast becoming the ruins of the old.
05:23But first, we need to show that the world can act together to support people's living standards.
05:29Doing so will demonstrate the fundamental principles at stake,
05:33that international cooperation is in our collective interests,
05:37and that a zero-sum world of competing nationalisms leaves us all poorer and less secure.
05:42Ossas who are on level, bringing you the news in a more digital way.
05:52Ossas who are on level, bringing you the news in a more digital way.