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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

The Australian:

China is Australia's largest trading partner. We sell LNG and other major products [to China]. Do you say that other third countries can perhaps benefit or perhaps have opportunities to sell more to China as a result of the trade war between the U.S. and China?

Wang Shouwen:

Thank you for the question. The trade war has caused great damage to the global value chain and imposed a negative influence on normal trade activities. The United States could have been a major LNG supplier of China; however, because of its restrictive measures, we were forced to take countermeasures, and this will affect U.S. LNG producers' exports, as China is one of their important export markets. To be frank, the measures have already created some effects.

Australia is an important LNG supplier of China. The trade volume is enormous, and there is even greater potential. As Mr. Fu Ziying just said, China has a big market, and is willing to open wider. Opportunities are available to all LNG producers and supplying countries if there is no trade war.

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