BEIJING (Reuters) - China wants to share its development opportunities with other countries, but protectionism will mean closing the door into China, the country's top diplomat said, amid a festering trade dispute with the United States.
U.S. President Donald Trump's move last week to slap up to $60 billion in tariffs on some Chinese imports has since provoked a warning from Beijing that it could retaliate with duties of up to $3 billion of U.S. imports.
Speaking at a regional forum in Vietnam's capital Hanoi on Friday, Chinese State Councillor Wang Yi said the country's reform and opening up policy will neither be changed nor be affected by any external factors, China's Foreign Ministry said in a statement on Saturday.
"China's reform and opening up is in line with the interests of the Chinese people, and will also benefit other countries," the statement cited Wang as saying, adding China will provide an even better investment environment for foreign companies.
- PHOTOS: New art and old relics at Mickey Mouse's NYC gallery 25 Pictures
- PHOTOS: See Yes on 3 supporters react to historic transgender rights Question 3 win 11 Pictures
- PHOTOS: A look back at Queen performing in the 1970s and 1980s 22 Pictures
- All of these celebrities have had their nudes leaked 35 Pictures
- PHOTOS: A look at Idris Elba's style through the years 20 Pictures
- PHOTOS: Heidi Klum's annual Halloween party and other amazing celebrity costumes 17 Pictures
- These are the spookiest cities per capita in the U.S. 5 Pictures
- Food Network star talks pumpkin carving 1 Pictures
- Who is Alexander Edwards, Amber Rose's new boyfriend? 9 Pictures
- Is Cardi B pregnant again? This tweet has people guessing 6 Pictures
- Natural Museum's best wildlife photos of the year 5 Pictures
"Opening up should work both ways. China opens itself to other countries and hopes others will be open to China," he said, without mentioning any countries by name.
While friction and disputes over trade are normal, what is important is to work for reasonable solutions through equal consultations in line with laws and rules, Wang added.
"Any unilateral or protectionist measures are an approach against the trend of the history, will go nowhere and will see their own interests undermined," he said.
"Protectionism equals shutting the door into China, and they will suffer the consequences of their actions. Both time and facts will prove it."
China has repeatedly promised to open its economy further, but many foreign companies continue to complain of unfair treatment.
China warned the United States on Thursday not to open Pandora's Box and spark a flurry of protectionist practices across the globe, even as Beijing pointed to U.S. goods that it could target in the deepening Sino-U.S. trade dispute.
(Reporting by Ben Blanchard; Editing by Susan Thomas)