20.11.2019, 14:21
Putin: Chinese Economy Is More Efficient Than American
Source: OREANDA-NEWS
OREANDA-NEWS. Russian President Vladimir Putin suggests that the United States impose restrictions against China, since the Chinese economy is more efficient.
"I can confidently say that this is a unique phenomenon - the development of the Chinese economy gives a very good result, the Chinese economy works much more efficiently than many other large economies in the world, including the US", the head of state said in plenary meeting of the investment forum "Russia is Calling!". "I think that this largely causes the concerns of our American friends and explains the restrictions imposed against China. It's this fact, not the disparity in the trade balance", Putin said.
He also said that attempts to restrain the development of China and Russia will continue, this is an element of unfair competition. "Unfortunately, this is publicly discussed in the United States itself, for example. Their purpose isn't to balance international economic relations, but the main strategic goal is to restrain China’s development, to curb the development of Russia. I think this is such a mistake, very serious, deep-seated, which even undermines the position of those who initiate this kind of policy", Putin said.
"I can confidently say that this is a unique phenomenon - the development of the Chinese economy gives a very good result, the Chinese economy works much more efficiently than many other large economies in the world, including the US", the head of state said in plenary meeting of the investment forum "Russia is Calling!". "I think that this largely causes the concerns of our American friends and explains the restrictions imposed against China. It's this fact, not the disparity in the trade balance", Putin said.
He also said that attempts to restrain the development of China and Russia will continue, this is an element of unfair competition. "Unfortunately, this is publicly discussed in the United States itself, for example. Their purpose isn't to balance international economic relations, but the main strategic goal is to restrain China’s development, to curb the development of Russia. I think this is such a mistake, very serious, deep-seated, which even undermines the position of those who initiate this kind of policy", Putin said.
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