Ahead of the China-US talks, U.S. Treasury Secretary Besten made a statement claiming that they intended to deprive us of our status as developing countries! On May 7th, Besten said that as the world's second-largest economy, China should no longer be regarded as a developing country. It is time for China to end its status as a developing country. As the world's second-largest economy, China should no longer be considered a developing country.

Clearly, Besten's remarks imply very clearly that the United States intends to deprive China of its status as a developing country. Why does the U.S. want to do this? There are mainly three reasons. First, by canceling our status as a developing country, the U.S. aims to make China undertake international obligations beyond our capacity, increasing our development costs. Second, the U.S. sees the growing influence of the BRICS platform and China's central role in the organization. They want to use this to drive a wedge between China and other developing countries.

Third, the U.S. wants to modify the rules to make the global economic and trade order more favorable to American interests. However, we are well aware of America's intentions. Although China's economy is indeed large, China's per capita GDP remains at a relatively low level. Our per capita GDP is only about 17% of that of the U.S., ranking China 63rd globally. China achieved the goal of eliminating absolute poverty in 2020; we are no longer generally poor, but we have not yet achieved common prosperity.

Therefore, the U.S.'s attempt to deprive us of our status as a developing country through such rules, we will not accept. The U.S. raising this issue before the China-U.S. negotiations may mean that they intend to use it to challenge us, forcing us to accept harsher development conditions. However, rights we enjoy cannot be deprived by any country, and obligations we must fulfill, we will not avoid. We will certainly firmly defend our development interests.

Original article: https://www.toutiao.com/article/1831515814027273/

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