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Stifling China’s economic, technological progress benefits no one: FM

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Stifling China’s economic, technological progress benefits no one: FM

2024-08-30 13:32 Last Updated At:14:27

The United States' attempts to hold back China's economic and technology progress will not succeed and by doing so the U.S. will backfire on itself while hurting others, an official from the Chinese Ministry of Foreign Affairs said on Thursday.

Yang Tao, director-general of the Foreign Ministry's Department of North American and Oceanian Affairs, briefed the media on U.S. National Security Advisor Jake Sullivan's visit to China on Thursday evening.

On questions related to economic, trade and technological issues, Yang said that the so-called "small yard with high fences" of the United States has kept expanding and become limitless.

"The so-called 'national security' has become a basket in which anything can be put. The narrative of so-called 'overcapacity' is but another excuse for protectionism. Behind these are still the U.S. misperception of China, and its hegemonic mentality of seeking absolute security and absolute advantage," Yang told reporters.

He noted that the United States should know that it is impossible for China to permanently stay at the medium and low end of the industrial chain. China has the capability, the need and the right to climb up toward the medium and high end.

"The United States should also know that China-U.S. economic and trade relations are mutually beneficial in nature, and suppressing China's economic and technological advancement hurts itself as well as others, and will not succeed," said the director-general.

At the invitation of Wang Yi, member of the Political Bureau of the Communist Party of China Central Committee and director of the Office of the Central Commission for Foreign Affairs, Sullivan visited China from August 27 to 29 for a new round of China-U.S. strategic communication. This is the first visit to China by a national security advisor to the U.S. President after eight years, the first visit to China by Sullivan in his term.

Stifling China’s economic, technological progress benefits no one: FM

Stifling China’s economic, technological progress benefits no one: FM

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China's first tire factory in Europe begins mass production in Serbia

2024-09-14 19:09 Last Updated At:19:37

China's first tire factory in Europe officially started mass production in Zrenjanin, Serbia, on Friday.

More than 300 people, including Serbian President Aleksandar Vucic, Serbian government officials and Chinese Ambassador to Serbia Li Ming, attended the inauguration ceremony.

Vucic said that China has always been an important partner of Serbia, and this largest greenfield investment project in Serbia so far will promote regional development and become a strong witness of cooperation between the two countries.

"No matter how the international situation changes, China will remain a reliable partner for all countries seeking common development. [China] not only considers its own interests, but also thinks about its partners, and works for our wellbeing and achievements," said Vucic.

The total investment of the project is 990 million U.S. dollars, with 97 hectares of planned land area, about 500,000 square meters of the total construction area. The planned production capacity is 12 million passenger car tires, 1.6 million commercial vehicle tires and 220,000 off-highway tires.

Vucic highlighted the economic benefits the factory will bring to Zrenjanin and the surrounding region, with a projected boost to the city's budget, which will fund new infrastructure projects. It is expected that the factory will achieve export value of 200 million euros this year, and may increase to 500 million euros next year.

China's first tire factory in Europe begins mass production in Serbia

China's first tire factory in Europe begins mass production in Serbia

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