The Facts and China's Position on China-US Trade Friction

White Paper

The Facts and China's Position on China-US Trade Friction

(September 2018)

The State Council Information Office of
the People's Republic of China

The Facts and China's Position on China-US Trade Friction

Contents

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China is the world's biggest developing country and the United States is the biggest developed country. Trade and economic relations between China and the US are of great significance for the two countries as well as for the stability and development of the world economy.

I. Mutually-beneficial and win-win cooperation between China and the US in trade and economy

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I. Mutually-beneficial and win-win cooperation between China and the US in trade and economy

Economic and trade relations have developed steadily since the establishment of diplomatic ties between China and the US, with fruitful results achieved in trade and investment. China benefits remarkably from the strong synergy, while the US also reaps extensive economic benefits from the opportunities and results generated by China's growth.

II. Clarifications of the facts about China-US trade and economic cooperation

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II. Clarifications of the facts about China-US trade and economic cooperation

In its Section 301 report and other ways, the current US administration stigmatizes China by accusing it of "economic aggression", "unfair trade", "IPR theft" and "national capitalism". This is a gross distortion of the facts in China-US trade and economic cooperation. This is disrespectful to the Chinese government and people as well as incompatible with the real interests of the American people.

III. The trade protectionist practices of the US administration

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III. The trade protectionist practices of the US administration

The numerous investment and trade restriction policies and actions adopted by the US that distort market competition, hamper fair trade, and lead to breakdowns in global industrial chains are detrimental to the rules-based multilateral trading system and severely affect the normal development of China-US economic and trade relations.

IV. The trade bullyism practices of the US administration

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IV. The trade bullyism practices of the US administration

Since taking office, with a narrow focus on "America First", the new US administration has practiced unilateralism and economic hegemony, abandoned its international commitments, and provoked international trade friction around the world. This has not only undermined the interests of China and other countries, but also jeopardized the international reputation of the US itself.

V. Damage of the improper practices of the US administration to global economy

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V. Damage of the improper practices of the US administration to global economy

The US government has taken extreme trade protectionist measures, which have undermined the international economic order, caused damage to China-US trade and trade relations around the world, disrupted the global value chain and the international division of labor, upset market expectations, and led to violent swings in the international financial and commodity markets. It has become the greatest source of uncertainty and risk for the recovery of the global economy.

VI. China's position

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VI. China's position

China-US economic and trade ties concern not only the well-being of the peoples of the two countries, but also world peace, prosperity and stability. Cooperation is the only correct option for China and the US, and only a win-win approach will lead to a better future. China's position is clear, consistent and firm.