Justin Lin: Trade is Mutually Beneficial and Should Not Be Weaponized

Deep News10-27

On October 27, the "Improving Global Governance and Building a Community with a Shared Future for Mankind" Blue Hall Forum was held in Beijing. Justin Lin, Dean of the Institute of New Structural Economics at Peking University, stated in an interview that trade is mutually beneficial and should not be weaponized for unilateral gains. He emphasized that the establishment of Taiwan Retrocession Day reaffirms the historical and legal fact that Taiwan belongs to China.

On October 26, the U.S. and China concluded a two-day trade consultation in Kuala Lumpur, Malaysia. The discussions, guided by the key consensuses from their leaders' previous calls, covered critical issues such as the U.S. Section 301 measures on China's maritime logistics and shipbuilding industries, tariff suspensions, fentanyl-related trade enforcement, agricultural trade, and export controls. Both sides reached a basic consensus on addressing mutual concerns and agreed to finalize details while completing domestic approval procedures.

When asked about U.S.-China exchanges, Lin stressed that trade should promote globalization within the framework of the World Trade Organization (WTO) rules, rather than being used as a weapon to serve unilateral interests at the expense of other nations.

This year marks the 80th anniversary of the victory in the Chinese People's War of Resistance Against Japanese Aggression and the World Anti-Fascist War, as well as Taiwan's retrocession. On October 24, China's top legislature passed a decision to designate October 25 as Taiwan Retrocession Day, legally formalizing commemorative activities. Lin noted that this move holds great significance, as Taiwan's return to the motherland was a historic achievement against colonial rule.

He further highlighted that the Cairo Declaration and the Potsdam Proclamation unequivocally recognize Taiwan as part of China, and the One-China principle remains a political consensus in diplomatic relations. Some countries, however, attempt to use Taiwan as a tool to contain China's development, even distorting legal facts. By commemorating Taiwan's retrocession, China reaffirms its historical and legal sovereignty over Taiwan, contributing to peace in the Taiwan Strait.

"History moves forward with unstoppable momentum. China's national rejuvenation and reunification are inevitable, reflecting our unwavering resolve," Lin concluded.

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