ric and actions regarding the Taiwan question, violated the one-
China principle and the three China-US joint communiques,” he said.
“This has undermined China’s sovereignty and security, sent a seriously wrong message to Taiwan secessionists, and
disrupted regional peace and stability,” Shao said, adding that China must, and will be, reunified.
“If anyone tries to separate Taiwan from the mainland, the Chinese
military will adamantly protect its territorial integrity at all costs,” he said.
As for the South China Sea, Shanahan accused China of undermining fr
eedom of navigation and overflight in the region, and militarizing the local islands.
recent and future tariffs will cut about 0.3 percent of global GDP in the short ter
m, with half stemming from negative effects on business and market confidence.
Failure to resolve the trade differences and further escalation in other areas, such as the auto
industry, which would cover several countries, “could further dent business and financial market se
ntiment, negatively impact emerging market bond spreads and currencies, and slow investment and trade“, the research said.
Experts urged the US government to stop its protectionism and proposed options for a resolution between the two countries.
Chen Wenling, chief economist of the China Center for International Economic Exchanges, said the US needs to correct moves that have
already added pressure to global economic prospects. Otherwise, it will “pay the price” for its protectionist behavior, she said.