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SCIO briefing on China's position on economic and trade consultations with US

Economy
The State Council Information Office on Sunday issued a white paper to provide a comprehensive picture of the China-US economic and trade consultations, and present China's policy position on these consultations.

China.org.cnUpdated:  June 4, 2019

CGTN:

First, why does China choose to issue the White Paper of China's Position on the China-US Economic and Trade Consultations at this time? What is the significance of it? We know that China increased tariffs on some imported American products from June 1. What kind of message is China trying to send by doing so? Thanks.

Guo Weimin:

I will answer the first question as to why choose this moment to issue the White Paper. Recently, the China-U.S. economic and trade consultations have received great attention from China and the United States, as well as the international community. It is necessary to offer a comprehensive report on the situations of the consultations and to expound on the stance of the Chinese government on the issue. I think the timing is appropriate and the issuance of the White Paper is of vital importance. This is my answer to the question.

Wang Shouwen:

Thank you for your question. China did increase tariffs on some of the imported American products from June 1. This is a necessary and reasonable response to the escalation of the trade protection actions taken by the U.S. side. We need such measures to protect the rights of the nation, the rights of the people and the rights of Chinese companies. Thank you.

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