China's Position on the China-US Economic and Trade Consultations

White Paper

China's Position on the China-US Economic and Trade Consultations

(June 2019)

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

China's Position on the China-US Economic and Trade Consultations

Contents

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To provide a comprehensive picture of the China-US economic and trade consultations, and present China's policy position on these consultations, the Chinese government hereby issues this White Paper.

I. Economic and trade friction provoked by the US damages the interests of both countries and of the wider world

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I. Economic and trade friction provoked by the US damages the interests of both countries and of the wider world

Turning a blind eye to China's unremitting efforts and remarkable progress in protecting intellectual property and improving the business environment for foreign investors, the US issued a myriad of slanted and negative observations, and imposed additional tariffs and investment restrictions on China, provoking economic and trade friction between the two countries.

II. The US has backtracked on its commitments in the China-US economic and trade consultations

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II. The US has backtracked on its commitments in the China-US economic and trade consultations

In response to the economic and trade friction started by the US, China has been forced to take countermeasures, as bilateral trade and investment relations took a hit. For the well-being of the Chinese and American people and the economic development of the two countries, both sides deemed it necessary to come to the negotiating table to seek a solution through consultation.

III. China is committed to credible consultations based on equality and mutual benefit

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III. China is committed to credible consultations based on equality and mutual benefit

The Chinese government rejects the idea that threats of a trade war and continuous tariff hikes can ever help resolve trade and economic issues. Guided by a spirit of mutual respect, equality and mutual benefit, the two countries should push forward consultations based on good faith and credibility in a bid to address issues, narrow differences, expand common interests, and jointly safeguard global economic stability and development.

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Cooperation is the only correct choice for China and the US and win-win is the only path to a better future. As to where the China-US economic and trade consultations are heading, China is looking forward, not backward.