BEIJING, Oct 11 (NNN-XINHUA) — The valuation of the yuan and United States arms sale to Taiwan will be on the agenda of the upcoming Asia-Pacific talks between China and the US.
“Although the consultation is focused on Asia-Pacific affairs, sound and stable China-US ties are the foundation for our co-operation on these issues. Therefore, we will discuss relevant issues during our consultation,” Vice Foreign Minister Cui Tiankai told a press briefing here Monday regarding the 2nd China-US Asia-Pacific consultation.
Tuesday’s consultation will be co-chaired by Cui and US Assistant Secretary for East Asian and Pacific Affairs Kurt Campbell.
He said the US Senate’s Currency Exchange Rate Oversight Reform Act of 2011, which is targeted at China’s so-called “currency manipulation”, did not reflect the reality of the China-US trade relationship and would have a negative impact on the development of the relationship.
“If the bill becomes law, the only result will be a trade war between the two countries, which will be a lose-lose situation for both sides and will affect the comprehensive development of China-U.S. ties,” said Cui, who called on the two countries to work with other countries in the region to promote the strong recovery of the world economy.
As for the US arms package to Taiwan, Cui said that “putting the issue on the table” was the best way to avoid further damaging the development of bilateral relations.
“The arms sale severely harmed China’s core interests, as well as China-US relations. It went against the trend of the peaceful development of cross-Strait relations and harmed the long-term interests of the United States itself. The US side should not repeat its mistakes,” Cui said.
The vice-minister said China welcomed an active and constructive role for the US in the Asia-Pacific region and called on the country to join hands with regional nations to promote regional peace, stability, development and prosperity.
As for the South China Sea issue, Cui said it was not an issue between China and the US, as the US is not a claimant of rights and interests in the South China Sea.
“If the US side is interested in our opinion, we will brief them on our stance during the consultation,” Cui said.
He also accused “forces with ulterior motives” of playing up the issue and provoking disputes between China and its neighbours.
“We have only maintained our consistent stance on this issue and have not taken any action to play up the issue or to provoke disputes. Most of our neighbouring countries do not have this intention either,” Cui said.
“The consultation aims to strengthen communication and coordination in order to cope with challenges in regional and international affairs,” Cui said.
Cui said the differing opinions of China and the US on international and regional issues were “fairly normal”. “That’s why we need to strengthen consultation,” Cui said.