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China-US ties at ‘historic low’ but Tesla, Fuyao stories reveal room for mutual success: Chinese foreign minister

  • Curbing China’s development risks stagnation for the US and the world, Foreign Minister Qin Gang tells annual China Development Forum
  • ‘Made in China’ and ‘Made in the US’ not engaged in a win-lose rivalry, Qin says, while also highlighting Beijing’s role in promoting global security

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Foreign Minister Qin Gang has pledged that China will actively participate in the formulation of global security rules, and promote peace talks and mediation. Photo: AFP
Amber Wangin Beijing

US-China ties are at “a historical low” but the experience of Tesla and Fuyao Glass show there is still room for cooperation, Chinese Foreign Minister Qin Gang told a high-profile annual conference in Beijing.

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Addressing foreign business leaders and researchers at the China Development Forum, Qin also said US moves to suppress China’s development through economic decoupling and technology containment would backfire.
“At present, Sino-US relations are at a historical low point since the establishment of diplomatic relations between the two countries,” said Qin, who is among the highest-ranking members of the State Council, China’s cabinet.

“The main cause of the current predicament is that the United States regards China as its most important strategic competitor and a major geopolitical challenge, and is engaged in economic decoupling and technological containment,” Qin told the forum on Monday.

Chinese State Councillor and Foreign Minister Qin Gang addresses the China Development Forum. Photo: Xinhua
Chinese State Councillor and Foreign Minister Qin Gang addresses the China Development Forum. Photo: Xinhua

The three-day event, organised each year by the State Council’s Development Research Centre, began on Saturday – its first offline edition since the Covid-19 pandemic began.

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