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SCIO briefing on facts and China's position on China-US trade friction

White Paper

The State Council Information Office of China held a briefing on Tuesday on a newly released White Paper on the Facts and China's Position on China-US Trade Friction.

China.org.cnUpdated: September 25, 2018

Guo Weimin:

Ladies and gentlemen, welcome to this press conference. Yesterday afternoon, the State Council Information Office released the white paper "The Facts and China's Position on China-U.S. Trade Friction." Today, we are holding this press conference to give you a brief introduction to the book and offer explanations to its content.

Present at this press conference are: Mr. Fu Ziying, China International Trade Representative and the vice minister of the Ministry of Commerce; Mr. Wang Shouwen, vice minister of the Ministry of Commerce and Deputy China International Trade Representative; Mr. Lian Weiliang, deputy head of the National Development and Reform Commission; Mr. Luo Wen, vice minister of the Ministry of Industry and Information Technology; Ms. Zou Jiayi, vice minister of the Ministry of Finance; Mr. He Hua, deputy head of the National Intellectual Property Administration.

I'm Guo Weimin, vice minister and spokesperson of the SCIO. I will be the host of this press conference.

First, I'd like to introduce the main contents of the white paper. Entitled "The Facts and China's Position on China-U.S. Trade Friction", it comprehensively clarifies the facts about China-U.S. trade and economic cooperation, systematically states China's stance on China-U.S. trade frictions, describes the mutually-beneficial and win-win cooperation between China and the United States in regard to trade and the economy, outlines the damage of trade protectionism and bullying practices of the U.S. administration towards the world economy, as well as China's will and determination to safeguard its national interests and the current multilateral trade system. Excluding the foreword, the 36,000-Chinese-character white paper is comprised of six parts.

The white paper points out that, since the establishment of diplomatic relations, bilateral trade and economic ties between China and the U.S. have developed steadily; a close partnership has been forged to the benefit of both countries and the rest of the world; trade and economic relations between China and the U.S. are of great significance. The Section 301 investigation produced by the U.S. administration makes a series of false accusations towards China that seriously distort the facts about China-U.S. economic and trade relations. At the same time, the U.S. has also introduced escalating tariff measures that greatly damage years of growing bilateral economic and trade relations and put at risk the multilateral trade system and free trade.

The white paper emphasizes that economic globalization is the trend of the times, and peace and development represent the shared aspirations of all peoples. China-U.S. economic and trade ties concern not only the wellbeing of the two countries, but also world peace, prosperity and stability. Cooperation is the only correct option for China and the U.S., and only a win-win approach will lead to a better future. China's position is clear, consistent and firm. China is firmly committed to safeguarding its national dignity and core interests, firmly committed to the sound development of China-U.S. economic and trade relations, firmly committed to reform and improvement of the multilateral trading system, firmly committed to protecting property rights and intellectual property rights (IPR), firmly committed to protecting the lawful rights and interests of foreign businesses in China, firmly committed to deepening reform and widening national opening-up, firmly committed to mutually beneficial cooperation with other developed and developing countries, and firmly committed to building a community with a shared future for all humanity.

"A just cause enjoys abundant support while an unjust one finds little support." In a world of increasing uncertainty, instability and insecurity, China will remain true to its original aspirations, follow the trend of the times, shoulder its responsibility for justice, and pursue the greater good. It will unswervingly safeguard the multilateral trading system, press forward with the reform of global governance, promote world peace, contribute to global development, uphold the international order, and build a community with a shared future for mankind.

The white paper is available in eight languages, namely, Chinese, English, French, Russian, German, Spanish, Arabic and Japanese. The Chinese copies are published by the People's Publishing House and the foreign language versions are published by the Foreign Languages Press, all being distributed by the Xinhua Bookstore across the country.

Now, please welcome Fu Ziying, China's international trade representative and the vice minister of the Ministry of Commerce, to give some details about the white paper.

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