BEIJING: China's ambassador to the United States, Xie Feng, has urged Washington to seek common ground with Beijing and pursue peaceful coexistence while warning that China stood ready to retaliate in the escalating trade war. Speaking at a public event in Washington, details of which were posted on the Chinese embassy's web site, Xie said tariffs would devastate the global economy and drew a parallel between the Great Depression and tariffs imposed by the US in 1930.
Xie said harmony should guide relations between the world’s two largest economies. "A good traditional Chinese medicine recipe usually combines many different ingredients which reinforce one another and creates the best medical effect," he said. "Likewise, the earth is big enough to accommodate both China and the US," he said. "We should pursue peaceful coexistence rather than collide head-on, and help each other succeed rather than get caught in a lose-lose scenario." Xie said China opposed the trade war and would retaliate to any country imposing tariffs on it. — Reuters
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