China: The cancellation of all tariffs on China is beneficial to China and the United States, as well as to the whole world

　　China News Service, Beijing, July 5 (Reporter Xing Chong) Chinese Foreign Ministry spokesman Zhao Lijian hosted a regular press conference on July 5.

A reporter asked questions about the phone call between Chinese Vice Premier Liu He and US Treasury Secretary Yellen.

　　Zhao Lijian: Regarding the video call between Vice Premier Liu He and Treasury Secretary Yellen this morning, the Chinese side has released the relevant press release, and I have no further information to provide.

　　We have also noticed that the content of the US press release accusing China of "non-market trade practices" is inconsistent with the facts.

Facts over the past 40 years have shown that the success of China's economy is the success of the reform and opening-up policy, as well as the success of the effective combination of the role of the market mechanism and the role of the government. This is a valuable experience in China's economic development.

China's reform and opening up is beneficial to China and the world. It not only promotes China's economic development, but also makes important contributions to the prosperity of the world economy.

　　On the issue of tariffs, China's position has been consistent and clear. The cancellation of all additional tariffs on China will benefit both China and the United States, as well as the entire world.

According to estimates by US think tanks, the cancellation of all additional tariffs on China will reduce the US inflation rate by one percentage point. Under the current high inflation situation, if the tariffs on China are lifted as soon as possible, consumers and businesses will benefit as soon as possible.

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