China Calls for Fair Trade to Help the World 🌐
Hey there! Did you know that when countries trade fairly, everyone can do better? Recently, Pan Gongsheng, who is like the “boss” of China’s central bank (imagine a big piggy bank for the country!), went to a meeting in Washington, D.C. This meeting was all about how countries can work together to make the world’s economy stronger.
Pan Gongsheng said that right now, the world economy isn’t doing so great. One big reason is because some countries (like the United States) are putting extra fees, called tariffs, on things they buy from other countries. This makes it harder for countries to trade with each other, kind of like when someone puts up a fence that keeps friends from sharing toys!
These tariffs can cause big problems, like making prices go up and making it hard for people to buy and sell things. It’s especially tough for developing countries that are trying to grow and help their people have better lives.
Pan Gongsheng thinks it’s super important for all countries to work together 🤝. He says we should support fair and open trade, so everyone can benefit. This means taking down those “trade fences” and helping each other out!
China wants to be a good friend to other countries. It supports organizations like the World Trade Organization (WTO) that promote fair trade rules. China is also working with the International Monetary Fund (IMF), which helps keep the world economy stable (kind of like making sure everyone’s playing by the same rules in a game!).
Pan Gongsheng also talked about changing how the IMF works, so that countries like China and other developing nations have a bigger voice. This could help make things fairer for everyone!
China’s Promise to Open Up More 🚀
Lan Fo’an, China’s finance minister (think of him as the person who keeps track of China’s big money plans), also had something to say at another important meeting. He said that China will keep opening up its economy. This means China wants to trade more with other countries and share its huge market with the world!
China has even given zero-tariff treatment to products from the least-developed countries it has relations with. This is like telling those countries, “You don’t have to pay extra fees when you sell things to us!” Pretty cool, right?
By working together and being more open, China hopes to help the global economy grow. After all, when countries help each other, it’s better for everyone! 🌟
Reference(s):
PBOC governor: U.S. tariffs put developing countries at risk
cgtn.com
