China has started warning the United States against crossing any “red lines” as Washington challenges China’s core interests and suppresses the country’s development, Chinese Foreign Minister Wang Yi said.

If any country knows how to cross red lines, it is the U.S. They have gone so far past any red lines Russia laid out for the war that it’s actually surprising Moscow has refrained from responding.

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On Friday during talks with his US counterpart, Secretary of State Antony Blinken, the relations between the U.S. and China seemed to dwindle further.  The “giant ship” of China-US ties had stabilized, “but negative factors in the relationship are still increasing and building,” Wang said during a meeting at the Diaoyutai State Guesthouse in Beijing.

Blinken arrived in Beijing on Thursday from Shanghai, where he urged the Chinese government to provide a level playing field for US firms in the country.

Bilateral ties face “all kinds of disruptions. China’s legitimate development rights have been unreasonably suppressed and our core interests are facing challenges,” Wang stressed.

Beijing and Washington could either engage in cooperation or confrontation, the foreign minister warned. -RT

China is interested in “stable, healthy, and sustainable” relations and “win-win cooperation” with the U.S. Blinken said. Blinken reportedly told Wang that “there’s no substitute in our judgment for face-to-face diplomacy” between the two countries. The administration of U.S. ruler Joe Biden wants to ensure that “we’re as clear as possible about the areas where we have differences, at the very least to avoid misunderstandings, to avoid miscalculations,” he said.

According to a Wall Street Journal report earlier this week, citing alleged informed sources, U.S. authorities are preparing sanctions that would not only target Chinese companies but would also cut off some of the country’s banks from the global financial system.