UK warns China of economic retaliation if it fails to follow rules

Tensions between the UK and China have escalated after British Foreign Secretary Liz Truss warned China to abide by international rules or be prepared to face action by the G7 group of major world powers acting as “an economic NATO”.

“Countries have to play by the rules. And that includes China,” Truss said in a speech at Mansion House in London. “They won’t keep going up if they don’t play by the rules. China needs to trade with the G7. We (the Group of Seven) are about half of the global economy. And we have a choice,” she said in her speech at Mansion House, London, the Global Times reported.

Responding to the statement and Truss, Chinese Foreign Ministry spokesperson Wang Wenbin said, “International rules should be the norms governing international relations based on the purposes and principles of the United Nations Charter. , rather than the rules of a small circle or a clique”.

Britain’s foreign secretary warned that China could face sanctions like Russia from an “affirmative” G7 if it threatens the safety of others, adding: “They (Russia, China) won’t continue to rise if they don’t play by the rules,” Global Times reported.

Liz Truss also criticized China for not condemning Russia for the Ukraine conflict.

“NATO has long adhered to the old concept of security, engaged in factional confrontation, and become a tool for individual countries to seek hegemony,” Wang added, calling the Cold War product NATO.

Blaming the organization, he also said that NATO pretends to be a defensive organization, but in fact, it constantly creates clashes and unrest.

Although Beijing has given strong diplomatic support to Russia for its invasion of Ukraine, it seems unwilling to wholeheartedly support Moscow to avoid Western sanctions due to fear of secondary sanctions.

China’s support for Russia in opposition to NATO expansion has raised concerns in central and eastern European countries about the Asian giant’s reliability as a reliable partner.

Wang Wenbin called China’s position on the Ukraine issue consistent and clear.

Highlighting the importance of the Indo-Pacific region, UK Foreign Secretary Liz Truss also earlier stressed the role of NATO and that the UK and its partner nations must anticipate threats in the region to ensure that democracies like Taiwan are able to defend themselves. themselves.

(Only the title and image of this report may have been edited by Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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