(ECNS) – The U.S. proposed the Indo-Pacific Economic Framework (IPEF) only to start something new to serve its own interests, and people will see clearly that the IPEF is a design to disrupt regional cooperation and a tool to coerce regional countries, Chinese Foreign Ministry spokesperson Wang Wenbin said on Wednesday.
The IPEF is designed to advance U.S. geopolitical strategy, said Wang at a press conference.
“In the name of cooperation, the framework seeks to exclude certain countries, establish U.S.-led trade rules, restructure the system of industrial chains, and decouple regional countries with the Chinese economy,” said the spokesperson, adding that in fact many countries in the region are worried about the huge cost of “decoupling” with China.
According to Wang, the IPEF does not take into consideration development levels and actual needs of regional countries, and there is no tariff exemption or market access arrangement under the Framework, only so-called high standards imposed by the U.S. on those countries.
“The IPEF won’t go far if it fails to truly contribute to the common development of regional countries,” said the spokesperson.
He pointed out that an initiative that truly contributes to regional development should follow the principles of openness, inclusiveness, mutual benefit and win-win outcomes, instead of being used to build walls, create division and stoke confrontation.
In addition, the spokesperson also stressed that China is ready to work with other countries in the region to practice true multilateralism, build an open regional economy and make the Asia-Pacific region a better place.
(ECNS) – The World Economic Forum (WEF) said it appreciates China’s commitment to plant 70 billion trees in the next 10 years, according to its official website on Wednesday.
The WEF and China Green Foundation will undertake concrete measures together to support the fulfillment of the contribution in China, it added.
“China responds actively to contribute to the 1t.org initiative from the World Economic Forum, and I am announcing here that China aims to plant and conserve 70 billion trees within 10 years to green our planet, combat climate change, and increase forest carbon sinks,” said Xie Zhenhua, China’s Special Envoy for Climate Change, at the Forum’s 2022 Annual Meeting in Davos on Tuesday.
In support of this bold contribution, WEF Chairman Klaus Schwab said “We appreciate China’s effort in supporting the 1t.org initiative of the World Economic Forum and relevant UN initiatives. We highly appreciate China’s practices upholding relative international commitment such as the Paris Agreement and Biodiversity target through Nature-Based Solutions.”
1t.org was launched at the WEF’s Annual Meeting two years ago to support the growing momentum around nature-based solutions by mobilizing the private sector, facilitating regional multi-stakeholder partnerships, and supporting innovation and ecopreneurship on the ground.
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