China discloses White Paper on trade war with the U.S

Xi Jinping and Donald Trump

Xi Jinping and Donald Trump

  |  DR

The White Papper, edited by the Communication Department of the State Council, lists the damages caused by the trade war with the United States

"China's Position on the China-U.S. Economic and Trade Consultations." Such is the name of the White Book edited by the Communication Department of the State Council. The book has three chapters on the damage caused by the US trade war, the retreat of the US in its commitments during the meetings, and China's commitment to future reliable meetings based on equality and mutual benefit.

"Since it took office, the new US administration has used trade deficit and intellectual property as excuses to frequently provoke economic and trade frictions and unilaterally imposed additional tariffs against China, forcing China to take strong measures to defend its interests," Chinese Vice Minister of Commerce, Wang Shouwen, said in the White Book presentation conference on Sunday.

"The US measures have put at risk the interests of both countries and the world at large and ignored the reciprocal gains of China-US economic and trade cooperation," he added. Wang denied the accusation that China backed down during trade talks. "Nothing is settled until everything is settled," Wang commented.

The Chinese Deputy Minister of Commerce called the United States for a meeting with China and asked them to uphold the spirit of mutual respect, equality and mutual benefit, and to jointly promote the stable and healthy development of bilateral economic and trade relations.