MPCore.us – Chinese leader Xi Jinping and US Vice President Mike Pence condemned each other Saturday in a speech before world leaders attending the APEC Summit in Port Moresby, Papua New Guinea, when the two leaders outlined their respective global leadership visions.
Pence said that President Donald Trump’s policy to fight China’s trade policies that always maximize exports and theft of intellectual property would not recede.
The American-Chinese trade war was reflected in the statements of the two leaders. America has imposed an additional tariff of 250 billion dollars on Chinese goods, and China has taken similar retaliation. Pence underlined the threat of the Trump government to double the penalty.
“America will not change direction until China changes its ways,” said Pence, who accused China of stealing intellectual property, providing unprecedented subsidies to SOEs and “extraordinary” barriers to foreign companies wanting to enter the Chinese market .
Pence announced that America would be involved with the plan of its ally, Australia, to develop a naval base in Papua New Guinea where the summit took place. China has previously intensively persuaded Papua New Guinea and other island nations in the Pacific with assistance and loans for infrastructure development.
Pence strongly condemned China’s global infrastructure program known as the “Belt and Road Initiative,” calling it a low-quality project that crippled developing countries that were unable to repay their loans.
America, as a democratic country, is a better partner than authoritarian China, said Pence.
Xi Jinping, who spoke before Pence, had anticipated the American condemnation in his speech. Xi said that countries now face the choice to cooperate or confront with the widespread protectionism and unilateralism.
Xi shows support for a free world trade system, which has boosted the country’s economic growth in the last quarter century to become the second largest economy in the world, after America.
“Rules that are made should not be followed or violated when judged to be suitable, and should not be applied with double standards for selfish agendas,” Xi said.
“Once again we arrive at a crossroads. Which direction will we choose? Cooperation or confrontation? Open or closed door policy? “Progress from one another or progress from one party only?” Xi asked.
The leaders of 21 countries in the Pacific Rim and contribute 60 percent of the world economy are now in Port Moresby, Papua New Guinea, to attend the annual Asia Pacific Economic Cooperation meeting, otherwise known as the APEC Summit. They seek to reach an agreement, which specifically encourages changes in the WTO World Trade Organization, a body that sets rules for trade and has the right to give penalties to violating countries.