Chinese cranes not 'Trojan horses'

The Chinese leader emphasized on Wednesday that China's economy is healthy and sustainable, and that China will consistently improve its business environment to provide broader development space for enterprises from various countries, including the United States.

At the Nov 2023 summit in San Francisco, US President Joe Biden assured the Chinese side that the United States does not seek to suppress China's development or disengage from it, and instead it is willing to sustain bilateral economic and trade relations. But the US administration has failed to honor this pledge, repeatedly using national security as a pretext to discriminate against, rather hound out, Chinese companies.

On Feb 21, Biden signed an executive order claiming Chinese-manufactured cranes used in US ports posed a threat to national security. The US administration plans to invest $20 billion over the next five years to upgrade US ports, including replacing Chinese cranes with those produced by a US subsidiary of Japan's Mitsui.