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China pushes for open world economy
February 17, 2017, 8:24 am

Chinese Foreign Minister Wang Yi will also be attending the 53rd Munich Security Conference [Xinhua]

Chinese Foreign Minister Wang Yi told a G20 meeting in Bonn, Germany on Thursday that Beijing wants to see an open world economy system and said his country stresses multilateralism and globalization.

He called on his German hosts to work with China to promote global rebalancing and safeguard trade and investment liberalization and facilitation.

He said such efforts would ensure continued global economic growth.

During his meeting with (EU) foreign policy chief Federica Mogherini that China and Europe should work together on global security and trade.

He also called on the EU to fast track Article 15 of the protocol on China’s entry into the World Trade Organization.

China became a member of the WTO in 2001, but was accused of dumping its products in other member markets and had to adopt anti-dumping measures as stipulated by Article 15 on the Agreement on Tariffs and Trade.

China had to abide by a number of trade laws and regulations before it can be classified as a market economy.

Article 15 expired this past December.

For her part, Mogherini told Wang that the EU will make “continuous efforts to deal with the fulfillment of its obligations under the WTO”.

The BRICS Post with inputs from Agencies

5 Responses to China pushes for open world economy

  1. lisa Reply

    February 17, 2017 at 11:38 pm

    China as a powerful nation with ages old wisdom seems to have forgotten one simple truth that could lead it to not just just realize its own dream of cooperation and serene abundance, but lead the path for all wise enough to follow.

    The true Silk Road is what man eats, and to eat in harmony with his surrounding nature what food is in harmony with his biological and natural design according to the Order of the Universe, is the simple root which leads to peace, happiness and prosperity. The west may never learn this, but I feel China has a moral responsibility to set example it has earned from it’s own historical experience. But has forgotten, caught up in the destructive ways of the west which are leading us all to destruction.

    One grain, 10,000 grains. Your ancestors gave you the real Silk Road already but you chase after western ideas of prosperity, which are nothing but shadows.

  2. rjc Reply

    February 18, 2017 at 12:14 am

    LOL…. they want what they never practice. Funny. They cheat on trading, steal IP and other countries ideas and technology, and game the system to keep foreign companies out – but they want an open market economy. They are one of the most closed economies in the world, and one of the most autocratic. Give me a break.

    • ipman7 Reply

      February 18, 2017 at 3:44 pm

      Could you explain to me how they “Cheat on trade”??? Seems to me like you are just saying what the ignorant majority are saying.
      America have been stealing and manipulating IP for years. China has gotten better a playing YOUR games, they now play it better than the US had ever expected. They are Not a closed Economy, that’s only a perception as America sees it. Chinese are Thinkers and Innovators. They can and they will Reverse Engineer anything and make it better.

      • Justin Thyme Reply

        February 19, 2017 at 2:07 am

        ipman: reverse engineering is an invasion of patents. It is illegal, most especially since China is a signer of multiple WIPO agreements, one which strictly agrees not to reverse engineer. You are being VERY hypocritical. Maybe you should sign up for training with the WIPO to learn more about intellectual property protection.

        • ipman7 Reply

          February 20, 2017 at 5:33 am

          Justin I think you missed the “message”. Let me break this down for you. Lets say you design a house 4 Bed room Flats. Someone comes and build a similar design but “includes a car port and a Porch”.Doesn’t that make it better than the 1st Design ??? This is basically what’s happening in the Tech Industries. Its been happening since the beginning of Mankind. Cause if we were not constantly Modifying ” Reverse Engineering”. We would not have been having THIS conversation.

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