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DD International

September 12, 2023 5:34 PM IST

Amid western concern raised china asserts economic resilience and commits to Korean peninsula peace

Economy | China | The United States of America | Australia | Mao Ning

In recent statements, China has reaffirmed the strength of its economy while also emphasizing its commitment to maintaining peace and stability on the Korean Peninsula. These declarations come in response to growing concerns from Western nations about China’s economic trajectory and regional security issues.

Chinese Foreign Ministry Spokesperson, Mao Ning, expressed confidence in China’s economy, stating that it remains resilient, vibrant, and full of potential. She highlighted that the fundamentals for long-term development remain unchanged. Despite some concerns raised by countries like the United States and Australia, China’s leadership remains steadfast in its commitment to promoting sustained and healthy economic growth.

The Chinese government also underscored its dedication to high-level openness and mutually beneficial cooperation with other nations to share the benefits of development, not only for China but also for its Asian neighbors and the world at large.

Western leaders, including U.S. President Joe Biden and Australian Treasurer Jim Chalmers, have publicly voiced worries about China’s economic situation. While China’s economic recovery initially showed promise after overcoming stringent COVID-19 restrictions, recent challenges like weak consumer spending and a property market downturn have led to concerns.

China’s Commitment to Korean Peninsula Peace

China also addressed regional security matters, particularly its stance on the Korean Peninsula. Mao Ning confirmed that China supports reconciliation and cooperation between North and South Korea, emphasizing its commitment to peace and stability in the region.

The statements followed discussions between Chinese Premier Li Qiang and South Korean President Yoon Suk Yeol during a Group of 20 (G20) summit in New Delhi. President Yoon urged China to play a “responsible” role in managing North Korea’s nuclear and missile threats.

However, when asked about the possibility of a meeting between Chinese President Xi Jinping and North Korean leader Kim Jong Un, Mao Ning stated that she had no information to provide. This comes as Kim Jong Un arrived in Russia for discussions with President Vladimir Putin.

China is actively addressing concerns about its economy and its role in regional security. While Western nations express apprehensions, China maintains its confidence in its economic resilience and its commitment to fostering peace and stability on the Korean Peninsula. The dynamics in East Asia remain fluid, with international attention focused on diplomatic efforts and regional developments.

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