China’s envoy in Washington warns US against ‘strategic miscalculation’, pledges investment opportunities

China’s ambassador to the US called on Washington to avoid “strategic miscalculation” in its approach to Beijing, warning that Washington’s trade and tech restrictions could be “double-edged swords”.

Addressing an audience of more than 400 at a National Day reception at the Chinese embassy in Washington on Monday, Xie Feng said the “small yard, high fence” policy of US President Joe Biden’s administration is damaging both countries’ interests. He suggested that US investments to his country would benefit from economic reforms the government is undertaking.

He also reiterated that Taiwan is the “first and foremost red line” in US-China relations, while assuring that China will “never interfere” the US elections.

“The Chinese people should not be deprived of their rights to develop, and develop the economy and pursue a better life,” he said. “Trade war or tech war would be double-edged swords. Building small yard, high fence would only constrain one’s own space and serve nobody’s interest.”