On September 24, China published a white paper, The Facts and China’s Position on China-U.S. Trade Friction, to clarify bilateral economic and trade relations, demonstrate its stance on the two countries’ trade friction and pursue reasonable solutions.
The white paper comprises six parts: the mutually beneficial and win-win nature of China-U.S. economic and trade cooperation, facts about China-U.S. commercial relations, trade protectionist practices of the U.S. administration, its trade bullying practices, the damage caused by these improper practices to the global economy, and China’s position.
The two countries are at different stages of development and have different economic systems. Therefore some level of trade friction is only natural. The key, however, lies in how to enhance mutual trust, promote cooperation and manage differences, according to the white paper. An edited…
