China's Position
on Some Issues Concerning China-US Economic and Trade Relations

White Paper

China's Position on Some Issues Concerning China-US Economic and Trade Relations

(April 2025)

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

China's Position on Some Issues Concerning China-US Economic and Trade Relations

Contents

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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As the world's largest developing country, China is also the largest contributor to annual global economic growth. As the largest developed country, the United States boasts the largest economy in the world. The China-US economic and trade relations hold profound significance for both countries and exert a substantial influence on global stability and development.

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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I. China-US Economic and Trade Relations Are Mutually Beneficial and Win-Win in Nature

Since the establishment of diplomatic relations between China and the US, the two sides have achieved fruitful outcomes in bilateral trade and investment cooperation, realizing complementarity and mutual benefits. China and the US share extensive common interests and vast potential for cooperation.

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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II. The Chinese Side Has Scrupulously Honored the Phase One Economic and Trade Agreement

As a major country that takes its responsibilities seriously, China has scrupulously fulfilled its obligations in the Phase One Economic and Trade Agreement by protecting intellectual property, increasing imports, and providing greater market access, which has created a favorable business environment geared to investors of all countries including US companies, for them to share the benefits of China's economic development.

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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III. The US Side Has Failed to Meet Its Obligations Under the Phase One Economic and Trade Agreement

Since signing the Phase One Economic and Trade Agreement (hereinafter referred to as the Agreement), the US has systematically escalated economic and other forms of pressure against China, implementing a series of restrictive measures such as export controls and investment restrictions that repudiate the spirit of the Agreement.

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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IV. China Upholds the Principle of Free Trade and Strictly Complies with WTO Rules

Since joining the WTO in 2001, China has played an active role in economic globalization, launching a new phase in its reform and opening-up efforts. Committed to the principle of free trade, China has made its trade policies more stable, transparent, and predictable, substantially opened its markets, and made a positive contribution to upholding the effectiveness and authority of the multilateral trading system.

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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V. Unilateralism and Protectionism Undermine China-US Economic and Trade Relations

As a key builder and participant of the international economic order and multilateral trading regime after World War II, the US should take the lead in observing multilateral trade rules and properly handle trade friction with other WTO members through the dispute settlement mechanism within the WTO framework.

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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VI. China and the US Can Resolve Differences in Economic and Trade Areas Through Equal-Footed Dialogue and Mutually Beneficial Cooperation

China and the US are the world's top two economies. Economic and trade cooperation between the two countries is so huge, substantive, and broad-based, involving so many players, that it is only natural for some differences to exist. The best way to address problems and bridge gaps is to seek paths for mutually beneficial cooperation through equal-footed dialogue.

China's Position on Some Issues Concerning China-US Economic and Trade Relations

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History tells us that cooperation between China and the US is of great mutual benefit, while confrontation will bring nothing but damage to both sides. Strengthening China-US cooperation is in line with the expectations of the whole world. The global economy can realize faster growth if global markets are fair, open, transparent and rule-based, which cannot be achieved without China-US cooperation.