Business Maverick: China warns US risks catastrophe with moves to ‘contain’ Beijing

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China’s new foreign minister warned that soaring US-China tensions risk blowing past any guardrails in the relationship and could have dire consequences for relations between the world’s two biggest economies.

“The US claims that it seeks to outcompete China but does not seek conflict,” Foreign Minister Qin Gang said on Tuesday at his first news briefing since taking office late last year. “Yet in reality, its so-called competition aims to contain and suppress China in all respects and get the two countries locked in a zero-sum game.”

on more Chinese companies, citing activities contrary to national security and foreign policy interests. In February, China hit Lockheed Martin and a subsidiary of Raytheon Technologies with sanctions and fines for arms sales to Taiwan. “China and Russia have found the path of major country relations featuring strategic trust and good neighbourliness,” Qin said.

 

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