16 Hrs
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الاقتصادية
China sets red lines in trade talks
China affirms its commitment to its economic approach, which focuses on supporting advanced industries at the expense of boosting domestic consumption, setting its red lines in trade negotiations with the United States and the European Union. China criticizes protectionist policies pursued by Western countries and argues that supporting producers has led to flooding markets with low-priced goods and undermining global industries. At the same time, China insists that its economic model reflects its needs as a country in the process of catching up with developed economies, justifying its historically low levels of consumption. Chinese confidence in its ability to manage trade disputes without making concessions continues to grow, despite ongoing risks related to excess production capacity and the concerns raised by some international studies, which warn that current policies could threaten global economic growth.
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