China paper rebuts trade war criticism, says ''an elephant can't hide''
China`s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength.
China`s top newspaper rebutted growing criticism in government circles that Beijing should have taken a lower profile to head off its trade war with the United States, saying on Friday that, like an elephant, China cannot hide its size and strength.
The growing trade conflict is causing rifts within China`s Communist Party, with some critics saying that an overly nationalistic Chinese stance may have hardened the U.S. position, sources close to the government have said.
The ruling Communist Party`s official People`s Daily took direct aim at those it said were naysayers in an unusually public rebuttal to a debate that has been happening largely behind closed doors in policy-making circles in China.
While condemnation of the White House has come at home and abroad, there are those who have spread "specious" views on the internet, it said in a lengthy commentary.
"One of these puts the blame on China, saying that `China`s strategy is too confident and high profile, incurring a one-two punch from the United States`," it said.
"Another of these criticises China saying that it shouldn`t strike back," the paper said. "The meaning is - as long as China caves in, the United States will raise its hand high in mercy, and the Sino-U.S. trade war won`t happen." However, it was absolutely not the case that China brought this upon itself, the commentary said.
History showed that the United States had always gone after countries, such as the former Soviet Union, Britain or Japan, that were perceived as threatening its global dominance. That had brought China into the firing line with its enormous and growing economy, the People`s Daily said.
"After more than a century of hard work, China has returned to the centre of the world stage, and this is the basic fact we must observe in the China-U.S. trade friction," the paper wrote.
"Such a large size, such a heavy thing, can`t be hidden by `being low key`, just like an elephant can`t hide behind a sapling," it said.
China said this week it would slap additional 25 percent tariffs on $16 billion worth of U.S. imports in retaliation against levies on Chinese goods imposed by the United States.
The move was the latest round in escalating tit-for-tat trade tensions, with U.S. President Donald Trump aiming to pressure Beijing into making concessions.
The People`s Daily said Beijing was emerging as an "unprecedented opponent" for the United States.
WATCH ZEE BUSINESS VIDEO HERE
"No matter what China does, in the eyes of the United States, China`s development has already `damaged the supremacy of the United States`," it wrote.
"Against this kind of `opponent`, the United States must adopt two methods - first, use the opponent to encourage itself and exhort mass political support for `making America great again`, and second, curb the opponent`s supremacy at every level," it said.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
EPFO Pension Schemes: Early pension, retirement pension, nominee pension and 4 other pension schemes that every private sector employee should know
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
09:08 AM IST