Resolutely oppose unilateral sanctions on Chinese entities: Foreign ministry

China supports reforms of the current world trade system, including the World Trade Organization(WTO), to make it fairer and more effective, Chinese Foreign Minister Wang Yi said to reporters after meeting French Foreign Minister Jean-Yves Le Drian on Thursday. Photograph:( Reuters )

WION Web Team Beijing, China Sep 14, 2018, 04.18 PM (IST)

China today lashed out at the US over sanctions imposed on Chinese firms for allegedly funding North Korean nuclear and missile programme.

Also Read: US imposes sanctions on Russian, China firms

"China always fully and strictly enforces UN resolutions on North Korea and meanwhile we resolutely oppose the US using long-armed jurisdiction to enact unilateral sanctions on Chinese entities or people," Chinese foreign ministry spokesman Geng Shuang said.

The US sanctions were imposed against China-based Yanbian Silverstar Network Technology Co and its North Korean chief executive Jong Song Hwa. The US Treasury Department accused the Chinese firm of illegally helping the North Korean regime in technology projects. It also imposed sanctions on a Russian firm named Volasys Silver Star on similar charges.

Elsewhere in Paris, with the US tightening its traffic trap on China, foreign minister Wang Yi said the world trade system should be reformed in order to make it more "effective and fairer".

During his meeting with French foreign minister Jean-Yves Le Drian, Yi said all countries should adhere to three basic principles - oppose protectionism, support free trade and protect multilateral trade system.

The US and China are engaged in a protracted trade war with President Trump intent on forcing China to bend its trade principles to suit American interests. The US president had said yesterday that the ball was in China's court, declaring that the "US markets were surging but China's was collapsing".

We are under no pressure to make a deal with China, the US president had said. 

Yi, however, emphasised that in trade, negotiation is essential for the reforms, pointing out that World Trade Organization(WTO) reforms needed to include listening to voices from all parties and conduct broad consultation. The Chinese foreign minister also said that the rights of "developing nations should not be overlooked."

The Chinese foreign minister said reforms in the WTO would be long and complex and hoped  "all parties will remain patient and advance it in an orderly way."


 

Story highlights

The US and China are engaged in a protracted trade war with President Trump intent on forcing China to bend its trade principles to suit American interests.