China’s ambassador to India, Xu Feihong, said that China will not engage in a market dump or cut competition because it seeks more in -depth economic links with emerging economies, including India.
In an editorial published by the Indian Express, XU stressed that China strictly adheres to the WTO rules and would not disturb the industries of other countries, even if global trade tensions degenerate. “China will strictly comply with the disciplines of the WTO and market rules and will not engage in the market dupie or reduced competition, and would not try to disrupt the industries of other countries,” he wrote.
In the editorial entitled “The opportunity for China and India”, XU has framed the price and the commercial wars led by the United States as a destabilizing force undergoing the international order based on rules.
He called on developing countries to unite in the defense of multilateralism and the promotion of shared economic growth. However, in particular, the part makes no mention of the immediate security problems of India after the attack on Pahalgam which cost civil life.
Xu argued that the economic rise of China stems from autonomous development rather than external concessions.
Stressing the contribution of China to global economic stability, he stressed that the Nations of the BRICS now represent almost half of the world’s population and a fifth of its trade. XU has planned that China and India, together, could generate a multiplier effect “1 + 1 = 11”, the two countries which should contribute 36% to global economic growth in the next six years – a figure exceeding the combined contribution of all the economies of the G7.
The ambassador also reiterated the opening of China to Indian products, declaring that China has committed to expanding domestic demand and providing market opportunities for high quality imports. At the same time, XU warned against the unilateral actions of the United States, arguing that history shows the dangers of economic intimidation and protectionism. He called for strengthening regional cooperation mechanisms such as the full economic partnership (RCEP) and the Digital Economy Partnership Agreement (DEPA) to maintain global stability.
XU warned that the world is held at a crossroads and urged developing countries to work together to maintain multilateralism, protect the interests of the world South and inject essential stability into a turbulent global landscape.
