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3 months ago General
In an interview with Al Jazeera, Henry Wang, president of the Center for China and Globalization in Beijing, said President Donald Trump’s upcoming visit to China is “timely and significant” as the war on Iran and tensions in the Strait of Hormuz threaten the global economy.
Wang said China has strong ties with both Tehran and Gulf states, noting that 40 percent of China’s petroleum passes through the Strait and that Iranian Foreign Minister Abbas Araghchi visited Beijing last week, where Chinese Foreign Minister Wang Yi called for an end to the war and for the waterway to remain open.
Wang said both the US and Iran are “exhausted” and “stuck” with no intention to continue fighting, adding that “they need a ladder to come down gracefully” and that China could act as a “catalyst” or mediator to help end the conflict.
He rejected suggestions Beijing would use the crisis as leverage in trade negotiations with Washington, saying US policies of sanctions, trade wars and containment “don’t all work” and that the two powers now need to “coexist peacefully”.
On energy security, Wang argued China would be among the least affected countries by disruption in the Strait because 60 percent of its energy now comes from renewable sources, while it also has large reserves and alternative supplies from Russia and Central Asia.
He said Europe, Japan, South Korea and ASEAN nations are far more exposed to Gulf instability.
Wang added that China increasingly sees itself as a stabilising global force and could also play a role in efforts to end the Russia-Ukraine war.
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