Reuters: The European Union and Australia have signed a trade deal today and European Commission President von der Leyen in her speech about this deal said that the EU and Australia's critical mineral partnership would be crucial and that both cannot be overdependent on any supplier. She also spoke out against absorbing China's export-led growth model and industrial overcapacity. Does China have a response to these remarks?
Lin Jian: International trade is in essence a two-way choice by the market that benefits both sides. The EU itself has always enjoyed a trade surplus. China's high-quality and innovative products enrich global supply, boost trade and drive industrial development. China never seeks trade surplus. In fact, 40% of exports of China-based European companies are sold to Europe and counted as China's surplus. But the profits of the sales go to European investors. China is ready to be not only a "world factory" but also a "world market". Committed to high-quality development and high-standard opening-up, China is actively implementing the strategy of expanding domestic demand. We are increasing imports of quality foreign products through such platforms as the China International Import Expo and the China International Fair for Trade in Services, unlocking consumption potential at a faster pace, and injecting fresh momentum into the world economy.
We hope the EU will abandon the zero-rum mentality, steer clear of protectionist measure, and view China's development in a rational and objective light. By seizing new opportunities presented by China's 15th Five-Year Plan blueprint, the two sides can work together to seek robust and balanced trade. It is hoped that the EU will work with China to keep the international trade environment open and inclusive.