The Six Nation Declaration Implies China's "Economic Coercion"? Ministry of Foreign Affairs: Pointing directly to the US's own practices | country | economy
On June 12th, Foreign Ministry spokesperson Wang Wenbin presided over a regular press conference.
A reporter asked, according to reports, on the 9th, six countries including the United States, the United Kingdom, Canada, Australia, New Zealand, and Japan issued a joint statement expressing serious concern about economic coercion and non market policies and behaviors related to trade. This approach poses a threat to the multilateral trading system, damages relations between countries, expresses concerns about practices such as "universal subsidies", anti competitive behavior of state-owned enterprises, forced technology transfer, and government intervention in corporate decision-making, and seriously concerns the existence of "forced labor" in the global supply chain, including state supported "forced labor". The report states that the statement did not specify a specific country, but it seems to imply China. What is China's comment on this?
Wang Wenbin's data chart. "The so-called statements issued by the United States' Five Eyes Alliance and Japan feel like every sentence directly points to the United States itself," said Wang Wenbin. The United States has introduced the "Chip and Science Law", which requires companies that receive US government subsidies to not expand advanced chip production capacity in China for 10 years, and has pressured allies to restrict semiconductor exports to China. Isn't this a typical economic coercion? Isn't it blatant non market behavior for the United States to generalize the concept of national security, abuse national power, and unreasonably suppress companies such as Huawei and TikTok? For many years, the United States has exclusively obstructed the selection of judges for the WTO Appellate Body, leading to the paralysis of dispute resolution mechanisms and refusing to implement effective WTO rulings. Isn't this the biggest threat to the multilateral trading system? The United States has introduced the "Inflation Reduction Act" and implemented discriminatory subsidy measures, triggering a subsidy competition. Isn't this a textbook case of illegal subsidies distorting the market?
![The Six Nation Declaration Implies China's "Economic Coercion"? Ministry of Foreign Affairs: Pointing directly to the US's own practices | country | economy](https://a5qu.com/upload/images/e9651a3a7bf4efa8fd493227bce8a3b0.jpg)
"As for forced labor, it has been a persistent disease in the United States since its inception." Wang Wenbin pointed out that to this day, at least 500000 people in the United States still live under modern slavery and are forced to work. The United States wants to use its bad behavior in the economic and trade field to "mirror" others, but instead makes the world more aware of the true face of the United States breaking market economy principles and international trade rules. Suggest that relevant countries such as the UK refer to this statement and urge the US to correct its non market behaviors such as economic coercion, unilateral sanctions, and long arm jurisdiction one by one.