Q:Against the background of continuing trade disputes between the US and other countries，what is your assessment of the Sino-US trade conflict? How do you see this playing out?

A :The Ministry of Foreign Affairs and the Ministry of Commerce have released their assessments of the conflict on a number of occasions. I don't want to go beyond the official government statements. As for future developments，it is still too early to tell. What is worth considering，however，is the nature of the conflict and the factors driving it. The US ¡ª the largest developed country ¡ª and China ¡ª the largest developing country ¡ª  have their own comparative advantages and weaknesses. They can learn from each other and make up for their own disadvantages. For the two countries，cooperation is better than competition and competition is better than confrontation. Cooperation is the way to maximize benefits，while competition is the way to minimize costs. Confrontation，however，maximizes costs and minimizes benefits. The choice should be based on logic and wisdom.

It is clear that there will be twists and turns in the road ahead. Negotiation is based on mutual sincerity and promise-keeping. It also tests the patience and wisdom of both sides. The process of negotiation is a lengthy one. Why not wait and see what the outcome is? I suppose that wise people will focus on seeking common ground on major issues while accepting small differences.

Q: The currencies of some emerging countries have been on a roller coaster of late. The Turkish lira，for example，has depreciated sharply. Do you expect this to have an impact on the renminbi exchange rate?