China disagrees to so-called G2, calling for effort to fight protectionism
- Source: Xinhua
- [19:36 November 18 2009]
- Comments
Chinese Premier Wen Jiabao meets visiting US President Barack Obama in Beijing on Nov. 18, 2009.
China disagrees to the suggestion of a "Group of Two" (G2), Chinese Premier Wen Jiabao said at a meeting with visiting US President Barack Obama on Wednesday.
China is still a developing country with a huge population and has a long way to go before it becomes modernized, Wen said, stressing "We must always keep sober-minded over it".
China pursues the independent foreign policy of peace and will not align with any country or country blocks, Wen said.
Global issues should decided by all nations in the world, rather than one or two countries, he added.
"Meanwhile, we believe Sino-US cooperation can play a unique role in advancing the establishment of the new international political and economic order, as well as promoting world peace, stability and prosperity," Wen said.
Wen noted that the bilateral trade volume between China and the United States has increased greatly since the two countries established diplomatic ties 30 years ago.
"This is in the fundamental interests of both countries and their people," Wen said. "We do not pursue trade surplus and I hope the United States would lift its policy of restricting high-tech products exports to China and increase their proportion in the US exports to China.
"Meanwhile, our two countries should strengthen mutual investment and cooperation in such fields as energy, environmental protection and high technology for a more balanced bilateral trade," Wen said.
The revival of world trade and investment is beneficial to the global effort to cope with the financial crisis and help accelerate the recovery of the world economy, he said.
"China and the United States should work together to fight against protectionism in trade and investment," Wen said.
